SM_C04 - CHAPTER 4 GROSS INCOME: CONCEPTS AND INCLUSIONS...

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CHAPTER 4 GROSS INCOME: CONCEPTS AND INCLUSIONS SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 1 Conservatism: financial accounting versus taxation New 2 Economic versus taxable income Unchanged 2 3 Gross income Unchanged 3 4 Realization rationale New 5 Recovery of capital Unchanged 5 6 Constructive receipt and agent Unchanged 6 7 Cash method Unchanged 7 8 Gross income: timing Unchanged 8 9 Original issue discount Unchanged 9 10 Gross income: timing Unchanged 10 11 Accrual basis and returns Unchanged 11 12 Who is the taxpayer? Unchanged 12 13 Who is the taxpayer? Unchanged 13 14 Who is the taxpayer? Unchanged 14 15 Community property Unchanged 15 16 Alimony recapture New 17 Transfer of property: divorce Unchanged 17 18 Alimony and property settlement Unchanged 18 19 Alimony and property settlement New 20 Below-market loans New 21 Below-market loans Unchanged 21 22 Below-market loans Unchanged 22 23 Annuity New 24 Group-term life insurance Unchanged 24 25 Social Security benefits Unchanged 25 26 Economic versus taxable income New 4-1
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4-2 2009 Individual Volume/Solutions Manual Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 27 Cash method Unchanged 27 28 Gross income: investments Unchanged 28 29 Gross income Modified 29 30 Gross income Unchanged 30 *31 Accrual basis versus cash basis Modified 31 *32 Accrual basis versus cash basis New 33 Accrual basis versus cash basis Unchanged 33 `34 Accrual method and disputed income Unchanged 34 35 Constructive receipt Unchanged 35 *36 Original issue discount and savings bonds Unchanged 36 37 Advance payments Unchanged 37 38 Constructive receipt Unchanged 38 39 Prepaid rent and deposits Unchanged 39 *40 Who is the taxpayer? Unchanged 40 41 Constructive receipt and agent Unchanged 41 42 Partnerships Unchanged 42 *43 Dividend income; stock versus bond investment Unchanged 43 *44 Community property Modified 44 45 Alimony, child support, and property transfer Unchanged 45 46 Alimony and alimony recapture Unchanged 46 47 Alimony and property settlement Unchanged 47 48 Below-market loans Unchanged 48 *49 Below-market loans Unchanged 49 50 Below-market loans Unchanged 50 51 Below-market loans Unchanged 51 *52 Annuity Unchanged 52 53 Prizes and awards Unchanged 53 *54 Group term life insurance Unchanged 54 *55 Unemployment compensation Unchanged 55 *56 Social Security benefits Unchanged 56 *57 Social Security benefits New 58 Miscellaneous Unchanged 58 *59 Cumulative Unchanged 59 *60 Cumulative Modified 60 Research Problem 1 Gross income: prepaid income Unchanged 1 2 Realization Unchanged 2 3 Imputed interest Unchanged 3 4 Alimony New
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Gross Income: Concepts and Inclusions 4-3 Research 5 Internet activity Unchanged 5 6 Internet activity Unchanged 6 *The solution to this problem is available on a transparency master.
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4-4 2009 Individual Volume/Solutions Manual CHECK FIGURES 26.a. 26.b.
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SM_C04 - CHAPTER 4 GROSS INCOME: CONCEPTS AND INCLUSIONS...

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