Comp SM_Ch04 - CHAPTER 4 GROSS INCOME: CONCEPTS AND...

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Unformatted text preview: CHAPTER 4 GROSS INCOME: CONCEPTS AND INCLUSIONS SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 1 Examples of gross income items in the Form 1040 instructions Unchanged 1 2 Economic versus taxable income New 3 Issue ID Unchanged 3 4 Realization rationale Modified 4 5 Recovery of capital New 6 Constructive receipt and agent Unchanged 6 7 Cash method Unchanged 7 8 Issue ID Unchanged 8 9 Original issue discount Unchanged 9 10 Original issue discount Unchanged 10 11 Accrual basis and prepaid income Unchanged 11 12 Who is the taxpayer? Unchanged 12 13 Who is the taxpayer? New 14 Who is the taxpayer? Unchanged 14 15 Who is the taxpayer? Unchanged 15 16 Community property Unchanged 16 17 Transfer of property: divorce Unchanged 17 18 Issue ID Unchanged 18 19 Alimony and property settlement Unchanged 19 20 Below-market loans Unchanged 20 21 Below-market loans New 22 Issue ID Unchanged 22 23 Annuity Modified 23 24 Group-term life insurance New 25 Social Security benefits New 4-1 4-2 2005 Comprehensive Volume/Solutions Manual Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 26 Economic versus taxable income Unchanged 26 27 Issue ID Unchanged 27 * 28 Gross income: investments Unchanged 28 29 Gross income Unchanged 29 30 Gross income Unchanged 30 * 31 Accrual basis versus cash basis Unchanged 31 * 32 Accrual basis versus cash basis Unchanged 32 33 Accrual basis versus cash basis Modified 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 Modified 42 * 43 Dividend income New * 44 Community property Unchanged 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 Modified 51 * 52 Annuity Unchanged 52 53 Prizes and awards Modified 53 * 54 Group term life insurance Unchanged 54 * 55 Unemployment compensation Unchanged 55 * 56 Social Security benefits Modified 56 * 57 Social Security benefits Modified 57 58 Miscellaneous Unchanged 58 * 59 Cumulative Modified 59 * 60 Cumulative Unchanged 60 Research Problem 1 Gross income New 2 Alimony New 3 Internet activity New Gross Income: Concepts and Inclusions 4-3 Research Problem *The solution to this problem is available on a transparency master. 4-4 2005 Comprehensive Volume/Solutions Manual CHECK FIGURES 26.a....
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This note was uploaded on 02/17/2010 for the course ECON econ411 taught by Professor Radcliff during the Spring '10 term at École Normale Supérieure.

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Comp SM_Ch04 - CHAPTER 4 GROSS INCOME: CONCEPTS AND...

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