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UNIV100 journal 1

Course: UNIV Univ 100, Fall 2010
School: Maryland
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Word Count: 699

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Kim UNIV Elise 100 9/6/2010 A) This week, I learned how to navigate through the campus by asking people for directions. They were all surprisingly nice and I was grateful that they didnt give me the wrong directions. Now that I can go to different places without looking at the map, Im starting to like University of Maryland even more. B) My name is Elise Kim and I am an Animal Science: Equine Studies major at...

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Kim UNIV Elise 100 9/6/2010 A) This week, I learned how to navigate through the campus by asking people for directions. They were all surprisingly nice and I was grateful that they didnt give me the wrong directions. Now that I can go to different places without looking at the map, Im starting to like University of Maryland even more. B) My name is Elise Kim and I am an Animal Science: Equine Studies major at University of Maryland. I am from Harrington Park, New Jersey, a small town in Bergen County and I live with my dad, mom, two younger brothers, and a dog named Sha Sha. Alex, one of my younger brothers, is autistic and is a junior in high school. Paul, my youngest brother is a freshman in high school. All of us love animals and love to spend time together by watching Animal Planet and Discovery Channel. I went to Northern Valley Old Tappan High School, a school that consists of students from four different towns, Harrington Park, Old Tappan, Norwood, and Northvale. Even though it sounds like a big school, there are only about 1200 students. Over the summer, I basically did three things. I went to Cancun with my family, went to Jersey Shore with my friends, and interned at an academy. In Cancun, my family and I went snorkeling inside caves, zip lining, and a lot of other activities. When I went to the beach with my friends, we saw the Jersey Shore casts walking on the boardwalk. During most of the summer, I interned and I was the house manager. I had to make sure the day went by smoothly by ordering lunch, cleaning the house, looking over the kids, and occasionally teaching the students some math. During my free time, I love to watch television, dance, swim, and hang out with my friends. Five years from now, I will already have my bachelors degree from University of Maryland for Animal Science: Equine and Studies I will be studying at Cornell University to become a veterinarian. Im choosing Cornell because it is close to my home in New Jersey and it is the best veterinarian school in the United State of America. While studying at Cornell, I will be interning at a local animal hospital or a zoo. There, I will be dealing with a variety of situations that will help me gain experience for my future job of becoming an animal doctor. I know that it will be a challenge for me to balance my studies and work, but I also know that it will be fun. My future will be just like an adventure that is full of discovery, excitement and thrill. C) Before I moved into my dorm, I promised myself not to cry in front of my parent when they left. Of course, when they were leaving I didnt cry. However, the next day, I called my mom to ask her about laundry. She kept on getting off topic and talking about how everything is fine at home. She eventually started crying on the phone, which led me to cry; I felt homesick already. But its a good thing I let my emotions out because I am not home sick now. I love it here at Maryland and Im glad I chose a place thats not too far and not too near from where I live because it will give me a sense of independence. Yesterday was the first time I did my laundry at my dorm. I ran out of coins to dry two piles of laundry. So, today I walked to Bank of America on Route 1 and withdrew cash from my debit card. Not only did I get cash, but I also got to know the campus more. During Welcome Week, I made many friends. However, the friends I made are nothing like my high school friends, who are witty and outgoing. In addition, in high school there are many cliques, but in college there arent any. In a weird way I wish there were so that I can find my way through to make the right friends for me.
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Regis - ACCOUNTING - 401
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ch03Student: _1.The goal of tax planning is tax minimization.True False2.Nontax factors do not play an important role in tax planning.True False3.Virtually every transaction involves the taxpayer and two other parties that have an interest in the
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ch04Student: _1.Relative to for AGI deductions, from AGI deductions tend to relate to items that are more personal innature.True False2.Taxpayers need not include an income item in gross income unless there is a specific tax provisionrequiring the
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ch05Student: _1.Gross income includes all income realized during the year.True False2.Excluded income will never be subject to the federal income tax.True False3.The all-inclusive definition of income means that gross income is defined very broad
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ch06Student: _1.The profit motive distinguishes "business" activities from "personal" activities.True False2.All business expense deductions are claimed above the line.True False3.All investment expenses are itemized deductions.True False4.Ren
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ch07Student: _1.Both the width (or range) of the tax brackets (the amount of income taxed at a particular rate) in the taxrate schedules and the range of the tax rates in the tax rate schedules (the difference between the lowesttax rate and the highe
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ch08Student: _1.The Internal Revenue Code authorizes deductions for trade or business activities if the expenditureis "ordinary and necessary".True False2.Business activities are distinguished from other activities in that business activities are m
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ch09Student: _1.Like financial accounting, most business property must be capitalized for tax purposes.True False2.Tax cost recovery methods include depreciation, amortization, and depletion.True False3.If a business mistakenly claims too little
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ch10Student: _1.The amount realized is the sale proceeds less the adjusted basis.True False2.Generally, the amount realized is everything of value received in a sale less selling expenses.True False3.The adjusted basis is the cost basis less cost
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ch11Student: _1.Generally, interest income is taxed at preferential capital gains rates and dividend income is taxed atordinary rates.True False2.Interest earned on U.S. savings bonds is interest received at sale or maturity but must be taxedannua
Regis - ACCOUNTING - 401
ch12Student: _1.Current compensation is usually comprised of salary, wages, and bonuses.True False2.Employees complete a Form W-2 to specify their income tax withholding.True False3.Employers computing taxable income receive a deduction for salar
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ch13Student: _1.Qualified retirement plans include defined benefit plans but not defined contribution plans.True False2.Defined benefit plans specify the amount of benefit an employee will receive on retirement while definedcontribution plans speci
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ch14Student: _1.In general terms, the tax laws favor taxpayers who own their principal residence relative to taxpayers whorent it.True False2.Renting a residence may have nontax advantages over owning a home.True False3.A personal residence is n
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ch15Student: _1.Corporations are legally formed by filing articles of organization with the state in which the corporationwill be created.True False2.General partnerships are legally formed by filing a partnership agreement with the state in which
Regis - ACCOUNTING - 401
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ch17Student: _1.ASC 740 governs how a company accounts for all taxes it incurs.True False2.ASC 740 is the sole source of rules related to accounting for income taxes.True False3.Temporary differences create either a deferred tax asset or a deferr
Regis - ACCOUNTING - 401
ch18Student: _1.The "double taxation" of corporate income refers to the fact that corporate income is taxed at both theentity-level and the shareholder-level.True False2.A distribution from a corporation to a shareholder will always be treated as a
Regis - ACCOUNTING - 401
ch19Student: _1.Gain or loss is always recognized when realized for tax purposes.True False2.Generally, before gain or loss is realized for tax purposes, the taxpayer must engage in a transaction.True False3.A taxpayer's tax basis in property alw
Regis - ACCOUNTING - 401
ch20Student: _1.Income earned by flow-through entities is usually taxed once at the entity level.True False2.Partnerships tax rules incorporate both the entity and aggregate approaches.True False3.The term "outside basis" refers to the partnershi
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ch24Student: _1."Outbound taxation" deals with the U.S. tax rules that apply to U.S. persons doing business outside theUnited States.True False2.Amy is a U.S. citizen. During the year she earned income from an investment in a French company. Amywi
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ch25Student: _1.The amount of the estate tax is directly related to the amount of taxable gifts.True False2.The Federal transfer taxes are calculated using cumulative lifetime transfers.True False3.An exemption equivalent is the amount of annual
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CHAPTER 14Long-Term LiabilitiesASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)Topics 1. Long-term liability; classification; definitions. Issuance of bonds; types of bonds. Premium and discount; amortization schedules. Questions 1, 10, 14, 20, 23, 24, 25 2,
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CHAPTER 15Stockholders EquityASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)Topics 1. Stockholders rights; corporate form. 2. Stockholders equity. Questions 1, 2, 3 4, 5, 6, 16, 17, 18, 29, 30, 31 7, 10 8, 9 11, 12, 17 3, 13, 14, 15 3 7, 10, 16, 17 1, 2, 4,
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CHAPTER 23Statement of Cash FlowsASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)Topics 1. Format, objectives purpose, and source of statement. Classifying investing, financing, and operating activities. Direct vs. indirect methods of preparing operating act
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Northwestern - CHEM - 210-1
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