Accounting

-25, Dent has the following rental income: (1) Rent standard in January 2011, but due in December 2010- $5,000 (2) Rent receive in January 2011, not due until January 2012. -$ 4,000 Total rental income $9,000. 4-32, (a) Does not generate income (b) Is not treated as alimony, because the house fights do not end on death (C) Generates a revenue income import of $1,500 per month for Arnold and income to Barbara of $1,500 per month. The child support portion of the payment is not levy deductible nor is it included in the consummate(a) income of the recipient. 5-26, For his investment, he should choose the bonds for industrial development for mass pass and the able veterans mortgage bonds. The bonds for industrial development for mass enactment atomic number 18 considered municipal bonds and are tax exempt. The interest on fit veterans mortgage bonds is also exempt.

6-29, Salaries and wages to employees $400,000-deductible Purchase of unfermented office building $250,000- Deductible capital expenditure that has an amortized ordinary life Payment of lay fines $1,400-Non-Deductible a non-business expense Payment of spousal relationship expenses $16,000-Non-Deductible a non-business expense Entertainment expenses $25,000-Deductible at 50% according to the IRS, demote on money borrowed $9,000-Non-Deductible money used to purchase tax exempt securities 6-34 A. $675,000 is claimable as a tax deduction for fitting and wage expenses. B. 41,850+9,788= $51,638 is deductible as a tax expense.If you constituent to get a full essay, order it on our website: BestEssayCheap.co! m

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