ACCT 553 help A Guide to career/Snaptutorial ACCT 553 help A Guide to career/Snaptutorial | Page 10

Chapter 5
3. Shaun & Kayla earned the following in 2013: Interest on a Savings
account of $36, Interest on a U.S. Series EE Savings Bond of $25,
Interest on a CD that has not matured yet of $20. How much taxable
interest income must they report on their 2013 tax return? (4 pts)
4. Explain what a Cafeteria Plan is (hint: it has nothing to do with
what you eat between classes
Chapter 6
5. Explain the limitations placed on the deductibility of Business
Gifts? What code section dictates this treatment? (5 pts)
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ACCT 553 Week 3 Homework ES (Quiz Set 2)
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