determine the amount of the standard deduction for
each of the following taxpayers for tax year 2017
a. Christina, who is single.
b. A drain and Carol, who are filling a joint return. their son is
blind.
c. Peter and Elizabeth, who are married and file separate tax
returns. Elizabeth will itemize her deductions.
d. Karen, who earned $1100 working a part-time job. she can be
claimed as a dependent by her parents.
e. Rodolfo, who is over65 and is single.
f. Bernard, who is non resident alien with U.S return.
g. Manuel, who is 70 and Easter, who us 63 and blind, will file a
joint return.
h.herman, who is 75 and qualifying widower with a dependent
child
In: Accounting
In: Economics
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Using the general principles of ordinary income, is income proceeds from selling the copyright to a book where the recipient was an employee accountant who wrote a novel in her spare time over a number of years, considered "ordinary" income in the hands of the receipient? |
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The Big Bang Company was set up by Ed, an Australian resident. It is incorporated in Singapore and has two directors who are resident in Singapore and who hold board meetings in Singapore. Each director has two shares in the Big Bang Company, which they hold on trust for Ed. The Big Bang Company owns real property, all of which is outside Australia, and makes its profits from commercial property leases on a large scale. Ed does not attend the board meetings in Singapore; however, the constitution of the Big Bang Company provides that the decisions of the directors are only effective if Ed concurs with them. The directors carry on all operational activities, such as collecting rent, paying commission, finding tenants, making minor repairs and maintaining the buildings. Is there any possible scenario in which the Big Bang Company could be considered a resident of Australia for tax purposes? |
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Ajay is a student from India who comes to Australia to study for a four-year bachelor degree in business. Ajay lives in rental accommodation near the university with fellow students and works part-time at the university social club as a barman. After six months, he has to withdraw from his studies and return to India because his father is ill. Is Ajay considered a resident of Australia? |
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Fred, an executive of a British corporation specialising in management consultancy, comes to Australia to set up a branch of his company. Although the length of his stay is not certain, he leases a residence in Melbourne for 12 months. His wife accompanies him on the trip but his teenage sons, having just commenced college, stay in London. Fred rents out the family home. Apart from the absence of his children, Fred’s daily behaviour is relatively similar to his behaviour before entering Australia. As well as the rent on the UK property, Fred earns interest from investments he has in France. Because of ill health Fred returns to the UK 11 months after arriving in Australia. Would Fred be an Australian resident for tax purposes? |
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In: Accounting
US Commercial banks have traditionally earned most of thier money from:
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Collecting items from defaulting borrowers and selling those items at a higher price. |
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By earning interest on investments in corporate bonds. |
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Borrowing at a low interes rate and lending at a higher rate. |
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By selling foreclosed homes. |
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By trading stock in the stock market. |
Over the past ten years, the legal and accounting costs of US banks have grown primarily because of which law?
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The Federal Reserve Act |
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The Dodd-Frank law |
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The Community Reinvestment Act |
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NAFTA |
In: Finance
In: Statistics and Probability
Consider University of Minnesota as a business.
1.Who are University of Minnesota’s customers? Explain your answers.
2.What is/are University of Minnesota’s product(s)? Explain your answers.
3.Describe University of Minnesota’s supply chain in relation to your answer for #2.
4.List three or four Critical Success Factors for University of Minnesota
5.For each CSF from #4 identify three Key Performance Indicators
In: Operations Management
According to a study published by a university, about two-thirds
of the 20 million people who consume Valium in the US are women.
Suppose a doctor who specializes in solving anxiety problems and
muscle spasms always prescribe Valium to his patients. Also suppose
that the possibility of the doctor rattling a female patient is
2/3.
a) Find the probability that the fifth Valium prescription given by
a doctor is the first valium prescription for a woman. (what
distribution should I use?)
b) What is the probability that the doctor will see five patients
until three women receive the Valium prescription?
In: Statistics and Probability
After graduating from New York University College and passing your CPA exam, you have opened up an accounting firm that offers tax and consulting services to clients. You have just picked up a new client who is very anxious about his expenses. The client considers his in house accounting services to be too high and he feels that he could save some time and money in that area by telling his accounting staff not to do closing entries. It is your job, in this discussion, to explain to your new client the importance of doing the closing entries and why they are worth doing.
2. Please tell us about permanent and temporary accounts. Please let us know which financial statement contains the permanent accounts and which one contains the temporary accounts. Please provide an example of the two closing entries.
In: Accounting
A college placement office conducted a survey of 100 engineers who had graduated from Stanford University. For these engineers, the mean salary was computed to be $72,000 with a standard deviation of $22,000. The distribution of salary is roughly bell shaped.
a) What percentage of these engineers will earn between $55,040 and $88,960?
b) What is the probability that the average income of 4 engineers will be between $55,040 and $88,960?
c) What would be the 90thpercentile for the income of these individual engineers?
d) What would be the 90thpercentile for the average income of groups of 9 engineers?
e) Why is the 90thpercentile in (d) a smaller number than the value in (c)? Explain using the bell curve and what happens to it when you are looking at the average of a group.
In: Statistics and Probability
Prepare and record a 8-10 minute Kaltura presentation with a Power Point that summarizes your reflection on the learning experience within the MBA degree program. This is not reflection of this course, but rather an reflection of the comprehensive MBA program and your assessment of your achievement.
It should reflect your candid assessment of the level of achievement of degree’s overall Learning Outcomes listed below:
For each of the five learning outcomes, use your graduate-level critical/evaluative thinking skills and the four questions below to guide your reflection about your personal level of achievement
a) In which of these MBA degree program outcomes have achieved significant proficiency? Provide (cite) examples from the work you have done throughout the course of your degree to support your response.
b) Which Learning Outcome(s) did you not achieve proficiency? Where or in what courses or experiences within the course of the MBA degree program did these challenges manifest the most? Explain fully and provide examples.
c) Reflecting on your MBA degree experience, what would you have done differently to overcome the challenges reflected in the learning outcomes in which you judge yourself to have less proficiency?
Lastly, as you conclude the paper, state your overall assessment of the program; its content, delivery and relevance to your professional/career goals. Based on this encompassing assessment, would you recommend the program to an individual considering it?
In: Operations Management