I.Hannah's gross income from her Bolero salary is reduced by the $2,650 payment into the Flexible Benefits Plan.
II.Amounts paid for medical costs by the medical insurance policy are excluded from Hannah's gross income.
()
A、Only statement I is correct
B、Only statement II is correct
C、Both statements are correct
D、Neither statement is correct
第1题
Norma is in the 32% marginal tax bracket.Because of her high tax rate, Norma would like to reinvest a $10,000, 6%, certificate of deposit in a tax-exempt bond.What is the minimum rate of interest Norma would have to receive to make the tax exempt-bond a more profitable investment?()
A、4.10%
B、6.00%
C、8.40%
D、9.00%
请帮忙给出正确答案和分析,谢谢!
第2题
Sanchez Company allows its employees to make personal copies without charge on the company copy machines.What concept, construct, or doctrine helps explain why the benefit received is not taxable to Sanchez employees?()
A、Administrative Convenience Concept
B、Assignment of Income Doctrine
C、Arms-length Transaction Concept
D、Ability To Pay Concept
E、Pay As You Go Concept
请帮忙给出正确答案和分析,谢谢!
第3题
A、Personal residence
B、Land used for business parking lot
C、Pickup truck used for personal transportation
D、Corporate bonds held for investment purposes
E、A hand-written letter by Dwight Eisenhower held in a private collection
第4题
Carmen owns 10% of the stock of Fitness Design Corporation, and is its manager.Fitness Design reports taxable income of $70,000 and pays $60,000 in dividends to shareholders before considering payments to Carmen.Carmen receives a $50,000 salary.What is Carmen's income from Fitness Design?()
A、$6,000
B、$7,000
C、$50,000
D、$56,000
E、$57,000
请帮忙给出正确答案和分析,谢谢!
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