ACCT 553 STUDY Great Stories Here/acct553study.com ACCT 553 STUDY Great Stories Here/acct553study.com | Page 11

$1,000 per month, beginning in February, for 10 years or until Stan
dies. Of this amount, $300 is designated as child support. Anne
made five payments of $900 each in 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.
================================================
ACCT 553 Week 3 Homework
FOR MORE CLASSES VISIT
www.acct553study.com