AC553 - Week 1 - 500,000 – 159,950 = 340,050 * 3% =...

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Yazan Herbawi AC553 Assignment – Week 1 Chapter 3 Problem 33: a. Yes, since the standard deduction is 5,450, which is less. b. No, since the standard deduction is 8,000, which is greater. c. Yes, since the standard deduction is 5,450, which is less. d. No, since the standard deduction is 10,900, which is greater. Problem 36:
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Unformatted text preview: 500,000 – 159,950 = 340,050 * 3% = 10,201.5 * 1/3 = 3,400.5 Deductions = 20,000 – 3,400.5 = 16,599.5 Chapter 13 Problem 55: 2006: 25% * 25,000 = 6,250 2007: 27% * 80,000 = 21,600 2008: 24% * 125,000 = 30,000 Profit to be reported = 57,850 Problem 69: a. Yes b. Yes c. No d. Yes e. No f. Yes g. No...
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This note was uploaded on 03/15/2010 for the course AC 553 taught by Professor ?? during the Spring '08 term at Keller Graduate School of Management.

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