Jing, who is single, paid educational expenses of $16,000 in 2018. He redeemed Series EE bonds and received principal of $8,000 and interest of $3,000. Jing has other adjusted gross income of $83,550. With respect to the $3,000 of bond interest, Jing must include in taxable income
A) $0.
B) $1,400.
C) $1,600.
D) $3,000.
C) $1,600.
$3,000 × [($83,550 + $3,000 - $79,550)/$15,000] = $1,400 reduction in exclusion; $3,000 - $1,600
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Aisha, a supervisor at Teserel Corp., suspects that one of her subordinates, Gilbert, is selling the trade secrets of Teserel to a rival company. She observes his behavior for a few weeks and carefully makes note of the data he accesses on the company's servers. In the context of supervising unethical employees, which of the following actions should Aisha take next?
A. She should look for conditions that led to his behavior and fix them. B. She should initiate disciplinary proceedings against him. C. She needs to fix the lapses in the company's data security procedures. D. She needs to confront Gilbert with the evidence against him.
U.S. GAAP requires companies to present a balance sheet with classifications for current and long-term liabilities, while IFRS does not
a. True b. False Indicate whether the statement is true or false
Which of the following is NOT one of the major types of fraud classification schemes?
a. Employee embezzlement b. Government fraud c. Investment scams d. Customer fraud
The purpose of compensatory damages is to ________
A) put the victim in the position he or she would have been in had the tort never taken place B) recognize that the plaintiff has been wronged C) punish the defendant D) evaluate the extent of damages caused by the defendant in order to deliver a suitable prison sentence