In the fall of 2019, James went back to school to earn a master of accountancy degree. He incurred $7,000 of qualified educational expenses and his modified AGI for the year was $40,000. His Lifetime Learning Credit is
A. $2,500.
B. $1,800.
C. $1,000.
D. $1,400.
Answer: D
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As a precondition to receiving trade secret protection, the owner must take reasonable means to maintain secrecy.
Answer the following statement true (T) or false (F)
Poole Company began business on January 1, 2016 . The corporate charter authorized issuance of 5,000 shares of $1 par value common stock, and 4,000 shares of $8 par value, 6% cumulative preferred stock. None of the preferred shares were issued. On July 1, Poole issued 1,000 shares of common stock in exchange for two years rent on a retail location. The cash rental price is $2,400 per month and
the rental period begins on July 1 . The correct entry to record the July 1 transaction will a. Increase Cash, $57,600; Decrease Prepaid Rent, $57,600 b. Increase Prepaid Rent, $57,600; Increase Common Stock, $57,600 c. Increase Prepaid Rent, $57,600; Increase Common Stock, $1,000; Increase Additional Paid-in Capital—Common, $56,600 d. Increase Prepaid Rent, $57,600; Increase Common Stock, $5,000; Increase Additional Paid-in Capital—Common, $52,600
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Indicate whether the statement is true or false
________ discrimination occurs when an employer discriminates against an entire protected class through the effects of a seemingly neutral policy
A) Disparate-treatment B) Disparate-impact C) Favored-treatment D) Unfair-impact