Melissa and Melinda, both calendar-year taxpayers, each own a 20% interest in Partnership tnt techron inc, whose fiscal years ends on June 30th 2019, owns a 60% interest in partnership TNT. Partnership TNT has not establish a business purpose for using a different tax year, nor has it made a fiscal year tax-year election. On what date does a partnership TNT's required tax year-end?

Assume that a local bank sells two services, checking accounts and atm card services. the bank’s only two customers are mr. donethat and ms. beenthere. mr. donethat is willing to pay $8 a month for the bank to service his checking account and $2 a month for unlimited use of his atm card. ms. beenthere is willing to pay only $5 for a checking account, but is willing to pay $9 for unlimited use of her atm card. assume that the bank can provide each of these services at zero marginal cost. refer to scenario 17-5. if the bank is unable to use tying, what is the profit-maximizing price to charge for a checking account