subject
Business, 01.03.2021 22:00 gtrsoccer

Topic 1 Samuel recently graduated from Portland State University with an Accounting degree. He is currently working as an accountant for a large consulting company and wants to know how to account for the following items. The company paid for a CPA prep course, which would have cost him $3,000. They also paid for all of the CPA exam and state filing fees, which totaled $900. The bank where he got his student loans also forgave half of his $40,000 of student loans, which brought his current year balance down to $20,000. His AGI before considering any of these items was $62,000. Using the tax law, determine how these items will affect his taxes.

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 10:40, emojigirl5754
Two assets have the following expected returns and standard deviations when the risk-free rate is 5%: asset a e(ra) = 18.5% σa = 20% asset b e(rb) = 15% σb = 27% an investor with a risk aversion of a = 3 would find that on a risk-return basis. a. only asset a is acceptable b. only asset b is acceptable c. neither asset a nor asset b is acceptable d. both asset a and asset b are acceptable
Answers: 2
image
Business, 22.06.2019 22:10, ggg509
Which of the following tends to result in a decrease in the selling price of houses in an area? a. an increase in the population of the city or town. b. an increase in the labor costs of construction. c. an increase in the income of new residents in the city or town. d. an increase in mortgage interest rates.
Answers: 1
image
Business, 23.06.2019 00:40, gaby4567
Skathy lee berggren, a professor of oral communication at cornell university, indicates “a lot of my students re­ally [only] scratch the surface with the type of research they’re doing.” according to andy guess, at inside higher ed, “just because students walk in the door as ‘digital natives’, doesn’t mean they’re equipped to handle the heavy lifting of digital databases and proprietary search engines that comprise the bulk of modern, online re­search techniques.” students erroneously think a google search is research. as you read through the reasons that should stimulate your interest in studying research methods or evaluate the nine factors that guarantee good research, what actions do you propose to narrow the gap between students’ research competence and what’s required of a modern college graduate about to become a manage
Answers: 1
image
Business, 23.06.2019 07:30, allierl2001
Which of the following conditions might result in the best financial decisions? a. agreeableness b. openness c. conscientiousness d. extraversion
Answers: 1
You know the right answer?
Topic 1 Samuel recently graduated from Portland State University with an Accounting degree. He is cu...

Questions in other subjects:

Konu
Mathematics, 18.03.2021 18:40
Konu
Mathematics, 18.03.2021 18:40
Konu
Mathematics, 18.03.2021 18:40
Konu
Mathematics, 18.03.2021 18:40
Konu
Mathematics, 18.03.2021 18:40
Konu
Mathematics, 18.03.2021 18:40