Week 4 – You Decide John Smith tax issues: a. How is the $300‚000 treated for purposes of Federal tax income? The $300‚000 that John received for services rendered from the court case is considered earned income for the year. The $300‚000 is earned income for John Smith and will be reported as gross income either on Schedule C of the individual return or as gross income on the LLC return. “US code defines gross income in 26 U.S.C § 61 states except as otherwise provided in this subtitle
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John Smith was born on January 9‚ 1580 in Willoughby‚ England. He was an English adventurer and soldier‚ and one of the founders of Jamestown‚ Virginia and was the author of the first book written in America in English. At the age of sixteen after his father passed away‚ he ran away from home to volunteer in France who were fighting the Dutch independence from Spain. Two years later he headed toward the Mediterranean Sea where he began working on a merchant ship. At the age of twenty he joined
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Difficulties Involving Early Colonization Ekaterina Smirnova When reviewing the writings of John Smith and other various writers‚ we begin to envision the significant roles they played in the colonization of the New World. Despite the hardships John Smith faced while attempting to colonize Jamestown‚ he implemented strong values and principals such as “one who does not work‚ shall not eat.” In Smith’s eyes all people were to work together to achieve a common goal. He always thought about what was
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America has continually provided an arena for those in individuals seeking economic‚ governmental and religious growth. The concept of American dream starts as European in a nature. Italian explorer Christopher Columbus and his voyage‚ as well as John Smith and his voyage were a recognizable spark that reinforced the concept of American Dream. Columbus set the sail for a passage to the east by sailing to the west and ended up in the rich‚ wealthy new world. According to Christopher Columbus first
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John Smith wrote this book with the purpose of creating his own historical narrative rather than rewrite heroics in history. Smith filled this work with his history and his life from his perspective along with tales and other stories from his adventures and time in the military. In this literary piece Smith shows the relationship between Early English Settlers and American Indians‚ shows the lifestyle of Early English Settlers‚ and shows the determination that the settlers had to build a new country
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furnished‚ hunger and death soon prevailed. One individual‚ John Smith‚ is accredited for his leadership skills in order to save the failing New World. After many years of the colony struggling‚ John Smith stepped forward as the leader of the group. He executed many strict demands regarding the policies of the town. He was know for his smart thinking‚ fast skills‚ and leadership ability. After one encounter with an Indian hunting party‚ John Smith escaped death due to his proficient thinking. Smith’s life
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to achieve the perfect society and the concept of understanding people to better it. John Locke‚ Voltaire‚ Adam Smith‚ and Mary Wollstonecraft all shared the same notion that every person should conceive and execute their own individual choice in Government‚ Religion‚ Economics‚ and Social Rights. The choice of the people was a critical component in creating a lasting and controllable Government according to John Locke. In his book Second Treatise on Civil Government he writes‚ “By erecting a new
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Dear Mr. President‚ I am honored for having the opportunity to travel to the Okapaka Islands. As an Ambassador of America‚ I found that this trip was of utmost importance. The journey was long for it had been insisted to travel by vessel. After making port on Auckland Island in the Webling Bay‚ I boarded an outlandish dory with a native as skipper. The voyage was a bit unsettling for my stomach yet remarkable for my eyes. The water cleared of pollutants as we neared the desolate island. As we approached
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important to them or if they were well known or did something notable in a previous town. --Parents’ names and residences--Some people only include these if they’re still alive‚ but others give tribute to a deceased parent (ex: "daughter of the late John Smith"). --Children‚ grandchildren and great-grandchildren’s names and residences--If this list gets two long‚ you can eliminate the names and locations (ex: "five grandchildren and 10 great-grandchildren"). --Other family members (nieces‚ nephews‚
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A surgeon performs elective surgery on John Smith. Smith later complains to his surgeon about pain resulting from the surgery. His surgeon dismisses his complaints as not credible and eventually withdraws from the case. Smith is then treated by another surgeon‚ who determines that Smith developed complications from surgery and that the delay in treatment has made the complications worse. Smith sees an attorney about a possible lawsuit against the first surgeon. Name the causes of action and‚ using
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