Robert placed an order with his broker to purchase 500 shares of each of three IPOs that are being released this month. Each IPO has an offer price of $21 a share. The number of shares allocated to Robert, along with the closing stock price at the end of the first day of trading for each stock, are as follows: StockShares AllocatedEnd of Day 1 Price A 220 $23.60 B 450 18.00 C 175 29.10 What is his total profit or loss on these three stocks as of the end of the first day of trading for each stock

Sam and diane are completing their federal income taxes for the year and have identified the amounts listed here. how much can they rightfully deduct? • agi: $80,000 • medical and dental expenses: $9,000 • state income taxes: $3,500 • mortgage interest: $9,500 • charitable contributions: $1,000.

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes

In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a. no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative. b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child. c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative. d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.