page_one_exam_2 - such knowledge will also be considered....

Info iconThis 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
Background 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

This note was uploaded on 03/03/2010 for the course ACG 6845 taught by Professor Kelliher during the Fall '09 term at University of Central Florida.

Ask a homework question - tutors are online