Midterm Exam Answer Section
MULTIPLE CHOICE 1. ANS: D $2,100 + $800 + $500 [50%($600 + $400)] = $3,400. No allocation is required for domestic transportation costs (i.e., the airfare). PTS: 1 2. ANS: D Asset A Asset B Asset C Less: Statutory floor Less: A
2 Form 8332 can be used both on release and revoke dependency exemption for child. Bernice should revoke the prior waiver by filing part III of another Form 8332. After completing Part III of Form 8332 and providing a copy of the form to Nate, who is the
Business 3 INCOME TAX ACCOUNTING Spring, 2010 Thursday, 6:00 9:50 p.m. Room 1612
Chabot College Instructor: Mrs. Norma Hunting e-mail: firstname.lastname@example.org Office Hour: Thursday 5:00 5:50 p.m. Office: 454 J
The primary concern of this course is the
Midterm Exam Answer Section MULTIPLE CHOICE 1. ANS: B Anna does not meet the abandoned spouse rules. Therefore, she cannot file as a head of household. Her filing status is married, filing separately. PTS: 1 2. ANS: C PTS: 1
3. ANS: E Most exclusions are
Review topics for final
50 Multiple-choice questions, 2 points each, 25 questions from the chapter 3 through 10 (same coverage of the mid-term exam), 25 questions from chapter 14, 15, and 17. Chapter 11, 12 will not be included in the final exam.
California State University, East Bay College of Business and Economics Winter Quarter 2010 Class Taught 100% Online Partnership Tax - Acct 6222 Professor Gary McBride
Office Hours: 2 to 4 Wednesdays Office Location: VBT 345
Campus Phone Number: (510) 885
1. Do organizations to which you belong (e.g., a school, a club, a fraternity/ sorority a sport team) have a
culture ? How did it arise? How could it be change?
The organizations to which I belong have a culture, one of the organizations to whic
Utilitarian ethics is relevant to business by the fact that offers the criteria by which the basic structure of
business ought to be determined.
Efficiency is one of the challenges of utilitarianism. We can appreciate this challenge at the time of giving
2. What are the two ethical justifications for the economic model or corporate of social responsibility?
What are the most significant challenges facing these justifications?
One of the ethical justifications for the economic model or corporate of social
1. Describe ethical relativism and at least three philosophical challenges to position.
According to the book Business Ethics, ethical relativism is the theory holds that ethical values and
judgments are ultimately dependent upon, or relative to, one's cu
Income Tax Ch. 3
Sections 3.3 3.10
Business Bad Debts
C Fully deductible when written off
Non-Business Bad Debts
D Short-term Capital Loss $3,000 per year against ordinary income
Inventory & Cost of
Income Tax Chapter 3
Business Expenses & Retirement Plans
Rental Income & Expenses
Rental income taxable Rental loss may be deductible within limits
Schedule E rental income or loss Schedule C business income or loss
Must provide service
Subject: Question on SMLLC Author: Anonymous Posted date: Sunday, January 10, 2010 7:23:12 PM PST Last modified date: Sunday, January 10, 2010 7:23:12 PM PST Total views: 18 Your views: 5 Hi, Professor, How are you? I just have a question on SMLLC.
Sec. 83. Property transferred in connection with performance of services (a) General rule If, in connection with the performance of services, property is transferred to any person other than the person for whom such services are performed, the excess of (
(1) If C does not make a Sec 83(b) election Because C does not make a Sec 83(b) election, C is not a partner until Jan 1, 2015. C does not report any income under Sec. 83(a) until Jan 2015. AB partnership Jan 1, 2010 Basis Building 1000000 Total assets 10
Assignment 1 (Acct 6222): Go to the facts in textbook problem 2 on page 74 in which C receives a 10% profits interest in the AB partnership (on January 1, 2010); however, assume that instead of a profits ONLY interest, that C receives a 10% capital (and p
LAS POSITAS COLLEGE BUSINESS 1B - PRINCIPLES OF ACCOUNTING II FALL SEMESTER 2009
Accounting 1A Top 10 Things you should have learned in Accounting 1A 1 We use T accounts for 2 purposes: * As scrap paper - to help solve accounting problems * As a simplifie
LAS POSITAS COLLEGE BUSINESS 1B - PRINCIPLES OF ACCOUNTING II FALL SEMESTER 2009 HOMEWORK ASSIGNMENTS READ AND STUDY PAGES Review entire chapter S EX P Other T 8/25 14 688 - 702 S EX P Other TH 8/27 14 703 - End S EX P Other T 9/1 15 732 - 742 S EX P Othe
b c e
Boje, Inc Flexible Budget Month ended April 30, 2007 Flexible Budget Outputs Units (Locks) Per output Unit 4,000 6000 Sales Rev 15 60000 90000 Variable costs 10 40000 60000 Fixed Costs 15000 15000 Total costs 55000 75000 Operat
LAS POSITAS COLLEGE BUSINESS 1B PRINCIPLES OF ACCOUNTING II FALL SEMESTER 2009 COURSE SYLLABUS CLASS INFORMATION: Section VO1, CRN 21467 meets as follows: Lecture T & Th, 12:30 pm 2:15 pm. Lab follows T & Th, 2:30 2:55 pm, Room 2033. I will arrive at clas
Business 3 Income Tax Accounting
Spring Semester 2010
Types of Taxes
Individuals Corporations Partnerships Fiduciaries
Excise Taxes Payroll Taxes
Sales Tax Property Taxes
FICA SDI FUTA SUTA
Section 7.3 Interview Questions
1. How would you describe yourself?
I would probably describe myself as a hardworking, and enthusiastic person. I am the type to
always see the good and funny things out of certain situations.