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2009 (February-June). What is the amount of alimony from his
settlement that is includible in Stan's gross income for 2009?
7. To be deductible for tax purposes, a trade or business expenditure
must be:
8. Mr. Wilson is 66 years old and single. His income for 2009 consisted
of the following: Taxable pension $10,000 Taxable interest 9,000
Taxable dividends 5,000 Social security payments 5,000 He did not
have any adjustments to income. What amount of W's social security
benefits is taxable?
9. Explain the Assignment of Income Doctrine (AID) and the "fruit-
of-the-tree" doctrine.
10. Explain the Constructive Receipt Doctrine.
11. Explain the Economic Benefit Doctrine.
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ACCT 553 Week 3 Homework
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