The bookbinder company has made $150,000 before taxes during each of the last 15 years, and it expects to make $150,000 a year before taxes in the future. however, in 2015 the firm incurred a loss of $525,000. the firm will claim a tax credit at the time it files its 2015 income tax return, and it will receive a check from the u. s. treasury. show how it calculates this credit, and then indicate the firm's tax liability for each of the next 5 years. assume a 35% tax rate on all income to ease the calculations. enter your answers as positive values. if an amount is zero, enter "0".

In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a. no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative. b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child. c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative. d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.

Lee earns $1,482 of interest in 270 days after making a deposit of $15,200. find the interest rate.

The petty cash fund has a current balance of $ 350, which is the established fund balance. based on activity in the fund, it is determined that the balance needs to be changed to $ 450. which journal entry is needed to make this change?