{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

page_one_exam_2 - such knowledge will also be considered...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
TAX 6845 – Exam 2 November 10, 2009 (Dr. Kelliher) Name: Points available Points earned Part 1: Computations/concepts (property transactions) 10 Part 2: Computations (property transactions) 15 Part 3: Discussion question (deferred taxes & FIN 48) 15 Part 4: Computations/concepts (employee compensation) 15 Part 5: Computations (AMT) 20 Part 6: True/False – Correct the false statements 25 Total Exam 2 100 Points Notes: This exam has 11 pages (including this cover sheet). The accountant is continually confronted with the necessity of expressing his opinions and conclusions in written reports in clear, unequivocal language. Although the primary purpose of this examination is to test your knowledge and application of the subject matter, your ability to organize and present
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: such knowledge will also be considered. • Show your work and label computation for partial credit. • Make sure that you answer each part of the question. • You must turn in your exam no later than 8:50 p.m. • Allocate your time ± wisely. • Good Luck! ♣ AMT amounts you may need: Corporations: The AMT exemption is $40,000, and is reduced by 25% of AMTI (before the exemption) in excess of $150,000. The AMT tax rate is 20%. Individuals: The AMT exemption is $70,950 (MFJ), and is reduced by 25% of AMTI (before the exemption) in excess of $150,000. The AMT tax rate is 26% of the first $175,000 and 28% of the amount in excess of $175,000....
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern