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Business, 05.12.2019 21:31, aprilkenedy12
For the year ended december 31, 2017, kell corp.'s book income, before income taxes, was $70,000. included in the computation of this $70,000 was $10,000 of proceeds of a life insurance policy, representing a lump-sum payment in full as a result of the death of kell's controller. kell was the owner and beneficiary of this policy since 2005. in its income tax return for 2017, kell should report taxable life insurance proceeds of oa. s8.000 ob. $5,000 oc. $10,000 od. s0 the federal social security act oa. o b. oc. 0 d. provides that bonuses and commissions paid as compensation are included as wages in the calculation of employer-employee contributions does not apply to self-employed persons excludes professionals such as accountants, lawyers, and doctors provides for a deduction for social security taxes paid by the employee that is available against his or her federal income tax. a corporation files a shelf registration with the sec. the corporation violates federal securities laws and regulations if it issues covered securities oa. o b. oc. 0 d. 2 years after the shelf registration without preparing a new prospectus 3 years after the shelf registration without observing a 20-day waiting period 4 years after the shelf registration without filing a new registration statement. 1 year after the shelf registration if it is a well-known seasoned issuer
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For the year ended december 31, 2017, kell corp.'s book income, before income taxes, was $70,000. in...
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