Memo To: John & Jane Smith From: Date: Re: Memo summarizing various tax issues 1. John Smith ’s tax issues: Issue a) How is the $300‚000 treated for purposes of federal tax income? John Smith’s earned income of $300‚000 will reported as gross income either on Schedule c of the individual return or as gross income on the LLC return. As a result of the variance in the state laws as to whether or not a single person LLC can report on a business return is the reasons why it could be
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Memo To: John and Jane Smith From: Jaleesa Branch Date: 10/6/14 Re: Memo summarizing various tax issues 1. John Smith’s Tax Issues Issue (a): How is the $300‚000 treated for purposes of federal tax income? The $300‚000 is treated as business income. After deducting all of the business expenses‚ the remaining amount will be the taxable income. Lawyers either work on a salary in a big law firm‚ or work directly with clients and collect the fees from these clients. If it
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During these troubled times it is important to evaluate all possible economic strategies in order to apply the appropriate remedy which will alleviate our current economic ailments. We need to take the appropriate measures that will deal with specific problems such as the current recession‚ the unemployment rate and to create a stable inflation rate. After thorough consultation with colleges it is my opinion that the appropriate response during this economic downturn is to take an expansionary
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Unit 1 / The Contemporary Hospitality Industry/HND in Hospitality Management LO3- Understand Recent Developments Affecting Hospitality Operational Standard Operating Procedures Purpose Benefits These are accepted best practices evolved in hospitality over the years and serve as benchmarks for customer expectation and service SOP’s help the industry to meet customer expectations and bring about consistency in operations. They also develop effective response systems to customers. 1) Quality
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OPER/084 IKEA’s Cost Efficient Supply Chain “Assembled furniture is expensive to transport and store because you end up paying for a lot of air. By flat packing unassembled furniture and getting customers to pick their own products in store‚ Ikea dramatically reduced its transportation and warehousing costs and passed the savings to their customers”1 Carter McNabb‚ Partner‚ GRA2‚ November 2008. INTRODUCTION On January 01‚ 2009‚ Modern Material Handling announced that IKEA Group3 (IKEA)‚ world‟s
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MIS589 – Wk2 You Decide After conducting interviews with the key stakeholders at the Leonard Cooper Charter School‚ we have identified several issues with the current network that need to be addressed. According to Network Technician‚ Helen Ross printing is a problematic area. The school currently has over 50 networked printers in the building and they would like a way to consolidate the management of print jobs due to the queues of the printers often being filled. Recommendation: Install a
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Week 7 You Decide Course Project Keller Graduate School of Management Question 1 The Securities and Exchange Commission (SEC) would only have influence over Smackey Dog Foods‚ Inc. if they are a publicly listed company or if they register to become a publicly traded company. The SEC assists investors by providing reliable information to investors so they can make informed investment decisions. If Smackey Dog Foods‚ Inc. becomes a public company‚ they would need to provide financial statements
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Chapter 12 Cases Study Too Much Stress? You Decide HRM 335 Western International University June21‚ 2011 Too Much Stress? You Decide 1. When conflicting medical opinions are presented‚ should the advice of a medical expert count more heavily than the opinion of the general physician? Explain. The conflicting medical opinions is that one of these doctors is an expert at treating depression and the other one is a biased doctor “company” doctor. The medical advice they were relying on
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You Decide GM 545 Fall 2010 Mr. President‚ Monetary and fiscal policy are two ways in which governments attempt to achieve full level of employment‚ economic growth‚ and price stability. As you are aware‚ fiscal policy decisions are made by the President and Congress and demand the use of government spending and taxation to influence the economy; the monetary policies are maintained by the Federal Reserve. After careful consideration of the advice of Economic Advisers and Federal Reserve
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Corporate Finance Professor H. Wang Problem Set #1 1. Calculate the present value of the following cash flows discounted at 10 percent: a. $1‚000 received seven years from today. b. $2‚000 received one year from today. c. $500 received eight years from today. 2. A firm has an estimated pension liability of $1.5 million due 27 years from today. If the firm can invest in a risk free security that has a stated annual interest payment of 8 percent‚ how much must the firm invest today to
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