Ellie, a CPA, incurred the following deductible education expenses to maintain or improve her skills:
Travel and transportation $1,700
Registration fees for conferences and seminars 6,000
Self-study course materials 800
Ellie's AGI for the year is $60,000.
a. If Ellie is self-employed, what are the amount of and the nature of the deduction for these expenses?
b. If, instead, Ellie is an employee who is not reimbursed by her employer, what are the amount of and the nature of the deduction for these expenses (after limitations)?
a. $1,700 + $6,000 + $800 = $8,500 is a for AGI deduction.
b. Unreimbursed employee education and other business expenses are no longer deductible.
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The fundamental value of a stock varies
A. directly with the rate of discount. B. inversely with the growth rate of earnings on the stock. C. directly with previous year's actual earnings on the stock. D. inversely with the time frame for which a stock is held.
What helps communicate the quality and value of the service experience as well as guide the guest’s perception of their experience?
a. informational cues b. data mining c. cross-selling d. decision support systems (DSS)
William and Charlotte Collins divorced in November of Year 1. William moved out and Charlotte remained in their house with their 10-month-old daughter, Autumn. Diana, Charlotte's mother, lived in the home and acted as Autumn's nanny for all of Year 1. William provided 70 percent of Autumn's support, Diana provided 20 percent, and Charlotte provided 10 percent. When the time came to file their tax returns for Year 1, William, Charlotte, and Diana each wanted to claim Autumn as a dependent. Their respective AGIs for Year 1 were $50,000, $35,000, and $52,000. Who has priority to claim Autumn as a dependent?
A. Charlotte. B. William. C. Diana. D. They must negotiate amongst themselves.
Strategy is all about:
a. Foresight and a holistic view of the firm b. The short-term objectives of the firm and ways of meeting them c. Defining marketing goals and targets d. Enhancing sales performance