What types of taxes qualify to be deducted as itemized deductions? What sort of taxes don't qualify for the deduction? Would a vehicle registration fee qualify as a deductible tax? Why or why not?
Compare and contrast cash versus accrual accounting for the preparation of a tax return? Why would you use one over the other?
As it relates to Adjusted Gross Income and "Above the Line" or "Below the Line" when changes were made to the tax laws that created the phase out of certain itemized deductions, could there have been another way to create the same tax impact without the confusion that normally is created in the mind of taxpayers?
50 word min- on the topic of "Barter Income" where one service is provided for another and there is no exchange of monetary consideration. For example, you the accountant prepares a tax return in return for your auto mechanic tuning up your car. Class, what is the simple reason for how this is treated for tax purposes and why?
Incremental cash flows when deciding whether to invest in a new manufacturing plant 1.Statement - Money already spent on engineering design of the new plant. Question - Past expenses are considered sunk cost and should not be a consideration for incremental cash flow, but what if we had to alter the design, would you count tha
50 words min What are the various expectations of taxpayer compliance and how are they important?
150 word min Describe the various tax rate structures; how are they different and which do you propose for the various types of taxes?
What information do you have in the personal budget, personal balance sheet, and personal statement of cash flows? What does each tell you and how important is the information conveyed?
•Locate a 1-2 page job description from your current company, former company or on-line. •Read the job description and analyze it based on the Fair Labor Standards Act. •Determine if the job is exempt or non-exempt and if exempt, indicate which exemption qualifies. •Post the job description and write a 250-300 word po
1. Which of the following are real assets, and which are financial? Assets a. A share of stock. b. A personal IOU. c. A trademark. d. A factory. e. Undeveloped land. f. The balance in the firm's checking account. g. An experienced and hardworking sales force. h. A corporate bond. 2. At an interest rate of 12
Assume coupons are paid annually. Here are the prices of three bonds with 10-year maturities: Bond Coupon (%) Price (%) 2 81.62 4 98.39 8 133.42 ________________________________________ a. What is the yield to maturity fo
Investors should save when interest prices go up. Do you think most smart investors are doing this? Do you think our interest rates currently, at the national level, are reasonable?
Construct some simple examples to illustrate your answers to the following: a. If interest rates rise, bond prices rise or fall? b. If the bond yield is greater than the coupon, is the price of the bond greater or less than 100? c. If the price of a bond exceeds 100, is the yield greater or less than the coupon? d. Do high-c
You won $1,000,000 in the state lottery and had a choice to either receive $50,000 a year for 20 years or $560,000 now. What are the tax implications for both of the aforementioned options?
If you were to win $1,000,000 in the state lottery and had a choice to either receive $50,000 a year for 20 years or $560,000 now, which would you choose and why? What factors would you need to consider?
Fair Value Accounting: How the financial crisis of 2008 highlighted the issues The financial crisis of 2008 drew attention to fair-value accounting (FVA), creating a major policy debate involving the US Congress, the European Commission as well as banking and accounting regulators around the world. Critical review the lit
How and where to secure revenue by verifying and posting receipts; resolving discrepancies? How to post daily cash receipts to owners accounts, preparing deposit tickets, reconciliations and billing?
At an Accounting Clerk I job how and where to prepare work to be processed by gathering, sorting, and organizing data and documents? How and where to accurately and timely enter Accounts payable data(invoices,credits,payments) into accounting system after verifying validity and accuracy? How and where to compare vendor sta
Suppose the tax rate is 30% if taxable income Is positive and 0%, if taxable income is negative, Calculate the expected tax payable for the following four projects. Note that for each project the expected taxable income is $50,000. For each project, also calculate the expected average tax rate (expected total taxes divided by
Q1: Discuss the essential activities involved in the initial planning of an audit. How do these all specifically apply to the Smackey Dog Food client? Keep in mind that we need a certified audit of all financial statements for the year but did not audit the company the prior year. Q2: Discuss the 4 stages (p162-163) text) of
See attached for full description 1. Identify whether the analysis of expenses in profit or loss is presented by nature or function. 2. Identify the alternative performance (operating) measures presented in the statement of comprehensive income and document conclusions with regard to the appropriateness of the various pe
How do I arrived at the various answers for these recommendations and questions on investments for James O'Hara, an ABC client, is a single, 37-year-old, self-employed plastic surgeon who currently owns a condominium in Tiburon, CA, worth $1.4 million. James is doing quite well financially. His gross income from his practice las
TOPIC 1 Select one of the following companies: Southwest Airlines Delta Airlines United Airlines AirTran Continental Airlines Go to http://money.com or http://finance.yahoo.com and enter the company symbol and then find the financial statements. For your company, analyze the liability section of the balance sheet. For
TOPIC 1 What kinds of risks does a firm like Amazon.com face with respect to safeguarding its assets? What types of controls do you think it already has in place to minimize these risks? Go to the firm's website and click on "Investor Relations". You'll be able to find the firm's annual report to help you answer these questio
Please visit website http://www.aicpa.org for research help explain the CPA Vision Project in a paragraph. What is meant by "moving up the economic value chain," and how are CPAs going to accomplish this? Audit report search: Many companies publish their annual reports on their website, usually in an "Investor Relations"
I need to summarize and comment on the below article, regarding absorption costing: Maskell, B. (2013). ABSORPTION COSTING IS THE ENEMY OF LEAN. CHRYSLER AND GM PROVED IT IN 2008. Blog posted Jan 30. Retrieved April 30, 2014 from http://blog.maskell.com/?p=559.
Payroll fraud is a type of fraud that's not very difficult to find, if there are controls in place. What often happens, however, is that the payroll clerk is well respected and trusted and allowed free reign. The individual in charge of payroll at my ex-husband's former place of employment was fired because of payroll fraud. She
Aslan County purchased $3,000,000 of bonds as a General Fund investment on March 1, 20X7, for $3,060,000 plus four months accrued interest of $80,000. The bonds mature in four years and two months. 1. The county received the semiannual interest payment on the bonds ($120,000) on April 30, 20X7. 2. The county received the
Technological changes could have helped in this case. As technology continues to develop and evolve, companies must strengthen their controls. My agency recently had several IT-related upgrades. We have to change our passwords every 45 days, there are very strict procedures for accessing the network offsite, the cleaning staf
The Association of Government Accountants has developed a chart that lists common risks, red flags, and tools/best practices that are associated with payroll flag. See the link below: http://www2.agacgfm.org/tools/FraudPrevention/PayrollSchemes.aspx What is this useful for? How can it be used?