Business Law

Each year, Tom and Cindy Bates report itemized deductions of $10,000, including a $4,000 pledge payment to their church. Upon […]

Linda and Don are married and file a joint return. In 2015, they received $12,000 in Social Security benefits and

Cecil C. Seymour is a 64-year-old widower. He had income for 2015 as follows: Pension from former employer………………………………………………… $39,850 Interest

Daniel B. Butler and Freida C. Butler, husband and wife, file a joint return. The Butlers live at 625 Oak

Pam retires after 28 years of service with her employer. She is 66 years old and has contributed $42,000 to

George is a U.S. citizen who is employed by Hawk Enterprises, a global company. Beginning on June 1, 2015, George

Determine the gross income of the beneficiaries in the following cases: a. Justin’s employer was downsizing and offered employees an

Donald was killed in an accident while he was on the job in 2015. Darlene, Donald’s wife, received several payments

Rex, age 55, is an officer of Blue Company, which provides him with the following nondiscriminatory fringe benefits in 2015:

What is the taxpayer’s gross income in each of the following situations? a. Darrin received a salary of $50,000 in