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Korolek [52]
4 years ago
14

Samantha, who is single and has MAGI of $28,000, was recently employed by an accounting firm. During the year, she spends $2,500

for a CPA exam review course and begins working on a law degree in night school. Her law school expenses were $4,200 for tuition and $450 for books (which are not a requirement for enrollment in the course).
Assuming no reimbursement, how much can Samantha deduct for the:

a. CPA exam review course? $X
b. Law school expenses? $X
Business
1 answer:
gregori [183]4 years ago
6 0

Answer:

a. CPA exam review course $0

b. Law school expenses $4,000

Explanation:

1a. CPA exam review course will be $0 because the IRS has disallowed any costs that will lead to qualifying for a different trade .

1b. The Law School expenses will be $4,000 . Based on section 222, Samantha is been limited to $4,000 of the tuition paid.

Therefore the balance of $650 is excess tuition $200 + $450 books which will not qualify under the regular education expense deduction due to the negative position of the IRS on law school costs.

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When the attitude of continuous improvement exists throughout an organization, every manager and employee is challenged to conti
JulsSmile [24]

Answer:

Option A

True

Explanation:

The attitude of continuous improvement entails that the members of an organization strive to improve on themselves, operations, and processes within the organization. It usually entails learning from both mistakes and business practices of other companies to ensure that there is a constant improvement in the day to day activities of the business.

During the process of continuous improvement, every manager and employee is definitely expected to try out new policies, and practices to see how well they fit in and aid the company to achieve her overall business goals.

This is the only way a strong "continuous improvement " attitude can be maintained company-wide.

<em>Hence, the answer is option A: True.</em>

7 0
4 years ago
1, compared to north american ranchers, commercial ranchers in the pampas of argentina, uruguay, and southern brazil are more li
Lelechka [254]
The commercial ranchers of Argentina mostly raise livestock in which they could export them to other countries in contrasts to the ranchers from the North America. In addition, it has been one of the primary industries of Argentina and one of its well-known goods from these ranches is the corned beef.
6 0
3 years ago
Financial markets are generally recognized as being semi-strong form efficient, which means
bonufazy [111]

Answer:

The correct answer is letter "B": all publicly available information is reflected in current prices.

Explanation:

Within the Efficiency Market Hypothesis (<em>EMH</em>) the semi-strong market efficiency implies current stock prices reflect the public information made available in financial markets. According to this approach, the fluctuations in the stock price are the result of that information published and technical and fundamental analysis are useless in "predicting" stock price movements.

8 0
4 years ago
The wealth effect refers to the fact that
Stella [2.4K]

The wealth effect refers to the fact that when the price falls, the real value of household wealth rises and consumption will also rise. The wealth effect causes movement along the demand and supply curve due to the value of money and items changing. The wealth effect is used to determine people spending more money when the value of their assets rise.

3 0
4 years ago
Consider the market for $200 bonds. If the price of the bond is $175, what is the interest rate on bonds
Viefleur [7K]

Answer:

14.3%

Explanation:

Interest rate = (par value of the bond / price of the bond ) - 1

(200/175) - 1 = 0.143 = 14.3%

5 0
3 years ago
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