Section 403(b) plan (tax-sheltered annuity plan or TSA) employer contributions I. must abide by the annual additions limit.
II. must not discriminate in favor of highly compensated employees.
III. are based on a maximum annual covered compensation of $230,000 in 2021.
IV. are subject to FICA (Social Security and Medicare) and FUTA (federal unemployment) payroll taxes.
A. I, II, and III
B. I and II
C. II, III, and IV
D. III and IV

Anderson, a computer engineer, and spouse, who is unemployed, provide more than half of the support for their child, age 23, who is a full-time student and who earns $7,000. they also provide more than half of the support for their older child, age 33, who earns $2,000 during the year. how many dependents may the andersons claim on their joint tax return?

Who has summer school : ( because i do : (

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of