Issues Issue (a): How is the $300‚000 treated for purposes of federal tax income? John Smith is an attorney who received $300‚000 for winning a personal injury court case for a client. The $300‚000 should be reported as gross income when he files his tax return for the year that the $300‚000 was received. Applicable Law and Analysis The applicable tax law is Title 26 U.S. Code 61 which defines gross income as “all income from whatever source derived‚ including compensation for services”
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IT Value in Business Trident University ITM524 – Foundations of Information Technology Management Module 4 Case Dr. Julian Achim Introduction More and more these days companies are realizing that Information Technology (IT) plays a crucial role in their day to day business. One such way is by using business intelligence (BI) tools to process immense amounts of data quickly which allows company leaders to make better informed decisions on company business. With new technology and software applications
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P2-6B Condensed balance sheet and income statement data for Fellenz Corporation are presented below. FELLENZ CORPORATION Balance Sheets December 31 Assets 2012 2011 Cash $40‚000 $24‚000 Receivables (net) 90‚000 55‚000 Other current assets 74‚000 73‚000 Long-term investments 78‚000 60‚000 Plant and equipment (net) 520‚000 407‚000 Total assets $802‚000 $619‚000 Liabilities and
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smoking. Some habits are good‚ and some are bad. All habits are‚ however‚ a direct result of reinforcement. Reinforcement is an idea developed by B.F. Skinner‚ a psychologist famous for his studies of behaviorism. He stated that his own personality was the result of reinforcement to actions and beliefs as a child. “His life and personality‚ he claimed‚ were determined and controlled by environmental events.” (Friedman & Schustack‚ 2012) Personally speaking‚ I have a few habits‚ some useful‚ some
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Styles of Love Christina Waller PSY/265 3/27/15 Sarah Piwowarczyk Love is something that almost every individuals wants to have‚ yet it isn’t always easy to find and or keep. However‚ there are different ways a person can love‚ such as I may not love my close friend the way that I love my husband. Our text states that there are six different styles of love which include the following; Romantic love (eros)‚ Game-playing love (ludus)‚ Friendship (storage‚ philia)‚ Logical love
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mirage or blur to vanish. 3) If you were looking for a rainbow in the morning‚ which direction (N‚ S‚ E‚ W) would you face and why? It is best to look towards the west. Rainbows always appear in the opposite side of the sky away from the sun. 4) What is a halo? A Halo is a burst of light produced by ice crystals creating colored or white arcs and spots in the sky. Many are near the sun or moon but others are elsewhere and even in the opposite part of the sky. They can also form around artificial
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with this employee. Just as the manager cannot base the evaluation on friendship‚ they also must put any personal feelings of dislike they may have for an employee aside as well. A manager must go into the evaluation with neutral feelings for all of his or her employees and should not base a performance rating on their personal feelings. This can be a challenge because as human beings we base most of our decisions of others on emotions and how we feel about them personally and as a manager you cannot
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True/False True 1. Empowerment is letting others make decisions and exercise discretion in their work. True 2. Given a clear mission‚ core values‚ objectives and strategy‚ organizing begins the process of strategy implementation by clarifying jobs and working relationships. False3. In the management process of organizing‚ the strategic leadership challenge is to choose least expensive organizational form to fit the strategy of the organization. True4. An organization’s ability to implement its
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effectiveness‚ with little effect on efficiency. c. Understanding of the internal control structure is necessary in order to plan the audit. d. The auditor must have a reasonable basis‚ in the form of gathered evidence‚ for expressing an opinion. 4. An auditor would be most likely to issue a “summary of findings” in connection with which one of the following types of services? a. a financial statement audit b. consulting services c. an operational audit d. a review 5. Making sure that the
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give you information on how or from where they base their opinions. It is important that we examine the types of publications we read and make sure that their information is accurate. The New York Times gives Nelson Mandela a fair description on what his visuals were. I think that this article is based on facts and not just the opinion of one person. This article is simple‚ easy to read and contains information based on facts. 2. How much you use the strategies for promoting curiosity in addressing
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