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Examen

ACTG 470 (Midterm 1-2) Exam Questions With Correct Answers 100% Verified.
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20

febrero 2025

2024/2025

A+
©THESTAR 2024/2025 ALL RIGHTS RESERVED 12:43 PM. 1 | P a g e ACTG 470 (Midterm 1-2) Exam Questions With Correct Answers 100% Verified. Business expenses for self-employed persons are _______________ for AGI - Answerdeductible where are business expenses for self-employed persons reported? - Answerreported on Schedule C of Form 1040 •Unreimbursed business expenses for employees are generally deductible from AGI as miscellaneous itemized deductions (dangerous audit area for IRS) -^su...
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Examen

Actg 470 Exam 1 Questions With Correct Answers 100% Verified.
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11

febrero 2025

2024/2025

A+
©THESTAR 2024/2025 ALL RIGHTS RESERVED 12:43 PM. 1 | P a g e Actg 470 Exam 1 Questions With Correct Answers 100% Verified. What is ethics? - Answerthe philosophical study of morality Morality - AnswerThe standards that a given society, group, or even an individual has in deciding what is good or bad, right or wrong Where do we get our morality - AnswerExternal and internal from ourselves external sources - AnswerPotential standards: parents taught us at a young age to protect us from h...
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Examen

Actg 470 Exam 2 Questions With Correct Answers 100% Verified.
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14

febrero 2025

2024/2025

A+
©THESTAR 2024/2025 ALL RIGHTS RESERVED 12:43 PM. 1 | P a g e Actg 470 Exam 2 Questions With Correct Answers 100% Verified. What is a corporation? - Answer-one of several different forms kf business structure -a legal entity, charactered by a U.S., state or federal government, and seperate and distinct frim the persons who own it, giving rise to a jurists remark that it has "neither a soul to damn nor a body to kick." Nonetheless, it is required by the courts as an artificial person...
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Examen

ACTG 470 Final Exam Questions With Correct Answers 100% Verified.
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7

febrero 2025

2024/2025

A+
©THESTAR 2024/2025 ALL RIGHTS RESERVED 12:43 PM. 1 | P a g e ACTG 470 Final Exam Questions With Correct Answers 100% Verified. What are deductions for AGI? - Answerdeductions taken from gross income without further limitation deductions for AGI - Answer1. ordinary and necessary business expenses 2. alimony payments (pre-2019 divorce agreements) 3. capital losses in excess of capital gains (limited to 3,000) 4. 1/2 of self-employment tax 5. interest on student loans (up to $2,500) 6. ...
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Examen

Actg 470 Final Exam Questions With Correct Answers 100% Verified.
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7

febrero 2025

2024/2025

A+
ore than 40% of the personal property purchases occur in the 4th quarter of the year, assets are grouped by the quarter of purchase and depreciated from the middle of the quarter to the end of the year real property is subject to which convention - Answermid-month convention ©THESTAR 2024/2025 ALL RIGHTS RESERVED 12:43 PM. 2 | P a g e real property - Answerland and anything attached to it tangible personal property - Answerpersonal property that can be seen, touched, and possessed. (fur...
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Examen

UO ACTG 470 Midterm 1 Exam Questions With Correct Answers 100% Verified.
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5

febrero 2025

2024/2025

A+
©THESTAR 2024/2025 ALL RIGHTS RESERVED 12:43 PM. 1 | P a g e UO ACTG 470 Midterm 1 Exam Questions With Correct Answers 100% Verified. Types of Taxes - AnswerTransaction, property, privileges/rights, & income Transaction taxes - Answertaxes on economic transactions such as the sale of goods and services which consumption tax (sales, use, and excise), wealth transfer tax (gift and estate), and employment tax (medicare and social security) Property Taxes - AnswerTaxes on property, especial...
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