23. LO.2 Charles generated a tentative general business credit of $42,000 for the current year. His net regular tax liability before the general business credit is $107,000, and his tentative minimum tax is $88,000. Compute Charles’s allowable general business credit for the year.
24. LO.2 Oak Corporation holds the following general business credit carryovers.
2009 $ 5,000
Total carryovers $45,000
If Oak’s general business credit generated by 2013 activities equals $36,000 and the total credit allowed during the current year is $60,000 (based on tax liability), what amounts of the current general business credit and carryovers are utilized against the 2013 income tax liability? What is the amount of unused credit carried forward to 2014?
25. LO.3, 7 Paul Chaing (4522 Fargo Street, Geneva, IL 60134) acquires a qualifying historic structure for $350,000 (excluding the cost of the land) and plans to substantially rehabilitate the structure. He is planning to spend either $320,000 or $380,000 on rehabilitation expenditures. Write a letter to Paul and a memo for the tax research files explaining the following for the two alternative expenditures.
a. The computation that determines the rehabilitation expenditures tax credit available.
b. The effect of the credit on Paul’s adjusted basis in the property.
c. The cash-flow differences as a result of the tax consequences related to his expenditure choice.
26. LO.3 Green Corporation hires six individuals on January 4, 2013, all of whom qualify for the work opportunity credit. Three of these individuals receive wages of $8,500 during 2013, and each individual works more than 400 hours during the year. The other three individuals each work 300 hours and receive wages of $5,000 during the year.
a. Calculate the amount of Green’s work opportunity credit for 2013.
b. If Green pays total wages of $140,000 to its employees during the year, how much of this amount is deductible in 2013, assuming that the work opportunity credit is taken?
27. LO.3 In March 2013, Sparrow Corporation hired three individuals--Austin, Adam, and
Angela--all of whom are certified as long-term family assistance recipients. Each of these individuals earned $11,000 during 2013. Only Adam continued to work for Sparrow in 2014, and he earned $13,500 then.
In March 2014, Sparrow hired Sam, who also is certified as a long-term family assistance recipient. During 2014, Sam earned $12,000.
a. Compute Sparrow’s work opportunity credit for 2013 and 2014.
b. If Sparrow pays total wages to its employees of $325,000 in 2013 and $342,000 in 2014, what is the entity’s wage deduction in 2013 and 2014?
28. LO.3, 7 Tom, a calendar year taxpayer, informs you that during the year, he incurs expenditures of $40,000 that qualify for the incremental research activities credit. In addition, Tom’s research-credit base amount for the year is $32,800.
a. Determine Tom’s incremental research activities credit for the year.
b. Tom is in the 25% tax bracket. Determine which approach to the research expenditures and the research activities credit (other than capitalization and subsequent amortization) would provide the greater tax benefit.
29. LO.3 Ahmed Zinna (16 Southside Drive, Charlotte, NC 28204), one of your clients, owns two retail establishments in downtown Charlotte and has come to you seeking advice concerning the tax consequences of complying with the Americans with Disabilities
Act. He understands that he needs to install various features at his stores (e.g., ramps, doorways, and restrooms that are handicap accessible) to make them more accessible to disabled individuals. He asks whether any tax credits are available to help offset the cost of the necessary changes. He estimates the cost of the planned changes to his facilities as follows.
Location Projected Cost
Calvin Street $22,000
Stowe Avenue 8,500
Ahmed reminds you that the Calvin Street store was constructed in 2004, and that the
Stowe Avenue store is in a building that was constructed in 1947. Ahmed operates his business as a sole proprietorship and has approximately eight employees at each location.
Write a letter to Ahmed in which you summarize your conclusions concerning the tax consequences of his proposed capital improvements.
30. LO.3 Jimmy Limited added elevators, access ramps, and several technological improvements to the 1923 building in which it operates a consulting business. Jimmy is an LLC with five full-time employees and about $3 million in gross receipts. The improvements were made to improve access to the building. Expenditures for the accessibility project totaled $7,500. Compute Jimmy’s disabled access credit for the tax year.
31. LO.3 Employees at the Hobby Hut requested that the company provide assistance in locating professional-quality child care services during business hours. The Hut, a C corporation, contracts with the local Kiddie Kare agency to provide Hut employees with information about child care providers’ location, pricing, customer ratings, and operating hours. This year, the Hut paid $15,000 under this contract, which includes a flat fee for a guaranteed number of employee contacts and a per-service charge after that. Compute the Hobby Hut’s credit for employer-provided child care for the tax year.
32. LO.4 Which of the following individuals qualify for the earned income credit?
a. Thomas is single, 21 years old, with no qualifying children. His income consists of $9,000 in wages.
b. Shannon, who is 27 years old, maintains a household for a dependent 11-year-old son and is eligible for head-of-household tax rates. Her income consists of $16,050 of salary and $50 of taxable interest (Shannon’s AGI is $16,100).
c. Keith and Susan, both age 30, are married and file a joint return. Keith and Susan have no dependents. Their combined income consists of $28,500 of salary and $100 of taxable interest (their AGI is $28,600).
d. Colin is a 26-year-old, self-supporting, single taxpayer. He has no qualifying children and generates earnings of $9,000.
33. LO.4, 7 Cooper National is incorporated in Alabama. It generated a $5 million profit on its overseas operations this year. Cooper paid the following to various other countries.
o $1 million in income taxes.
o $1.5 million in value added taxes.
What are Cooper’s alternatives as to the treatment of these tax payments on its U.S. Federal income tax returns?
34. LO.4 Jimenez Enterprises is incorporated in Arkansas. It generated a $5 million profit on its overseas operations this year. Jimenez paid $1 million in income taxes to various countries on these profits. Jimenez’s marginal Federal income tax rate is 35%. Compute the Jimenez foreign tax credit and carryovers for the year.
35. LO.4 Same as Problem 34, except that Jimenez paid $2 million in income taxes to other countries.
36. LO.4 Ann and Bill were on the list of a local adoption agency for several years seeking to adopt a child. Finally, in 2012, good news comes their way and an adoption seems imminent.
They pay qualified adoption expenses of $4,000 in 2012 and $11,000 in 2013.
The adoption becomes final in 2013. Ann and Bill always file a joint income tax return.
a. Determine the amount of the adoption expenses credit available to Ann and Bill if their combined annual income is $100,000. What year(s) will they benefit from the credit?
b. If Ann and Bill’s modified AGI in 2012 and 2013 is $200,000, calculate the amount of the adoption expenses credit.
37. LO.4 Durell and Earline are married, file a joint return, and claim dependency exemptions for their two children, ages 5 years and 6 months. They also claim Earline’s 18- year-old son from a previous marriage as a dependent. Durell and Earline’s combined
AGI is $68,000.
a. Compute Durell and Earline’s child tax credit.
b. Assume the same facts, except that Durell and Earline’s combined AGI is $122,000.
Compute their child tax credit.
38. LO.4 Paul and Karen are married, and both are employed (Paul earned $44,000 and
Karen earned $9,000). Paul and Karen have two dependent children, both under the age of 13. Paul and Karen pay $3,800 to various unrelated parties to care for their children while they are working. Assuming that Paul and Karen file a joint return, what, if any, is their tax credit for child and dependent care expenses?
39. LO.4 Jim and Mary Jean are married and have two dependent children under the age of 13. Both parents are gainfully employed and earn salaries as follows: $16,000 (Jim) and $5,200 (Mary Jean). To care for their children while they work, Jim and Mary Jean pay Eleanor (Jim’s mother) $5,600. Eleanor does not qualify as a dependent of Jim and
Mary Jean. Jim and Mary Jean file a joint Federal income tax return. Compute their credit for child and dependent care expenses.
40. LO.4, 7 Bernadette, a longtime client of yours, is an architect and the president of the local Rotary chapter. To keep up to date with the latest developments in her profession, she attends continuing education seminars offered by the architecture school at State
University. This year, Bernadette spends $2,000 on course tuition to attend such seminars.
She also spends another $400 on architecture books during the year. Bernadette’s son is a senior majoring in engineering at the University of the Midwest.
During the calendar year, Bernadette’s son incurs the following expenses: $8,200 for tuition ($4,100 per semester) and $750 for books and course materials. Bernadette’s son, whom she claims as a dependent, lives at home while attending school full-time. Bernadette is married, files a joint return, and has a combined AGI with her husband Morrie of $110,000.
a. Calculate Bernadette’s education tax credit.
b. In her capacity as president of the local Rotary chapter, Bernadette has asked you to present a 20- to 30-minute speech outlining the different ways the tax law helps defray (1) the cost of higher education and (2) the cost of continuing education once someone is in the workforce. Prepare an outline of possible topics for presentation.
A tentative title for your presentation is “How Can the Tax Law Help Pay for
College and Continuing Professional Education?”
41. LO.4 Kathleen and Glenn decide that this is the year to begin getting serious about saving for their retirement by participating in their employers’ § 401(k) plans. As a result, they each have $3,000 of their salary set aside in their qualified plans.
a. Calculate the credit for certain retirement plan contributions available to Kathleen and Glenn if the AGI on their joint return is $35,000.
b. Kathleen and Glenn persuade their dependent 15-year-old son, Joel, to put $500 of his part-time earnings into a Roth IRA during the year. What is the credit for certain retirement plan contributions available to Joel? His AGI is $7,000.A woman was dug out after being buried deep in the ruins for more than 200 hours. A．living B．lively C．alive D．live 题目和参考***——精英家教网——
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科目：高中英语
来源：山东省潍坊市2009届高三一模考试(英语)
第一节(共5小题；每小题1.5分，满分7.5分)
听下面5段对话。每段对话后有一个小题，从题中所给的A、B、C三个选项中选出最佳选项。听完每段对话后，你将有10秒钟的时间来回答有关小题和阅读下小题。每段对话仅读一遍。
1．What will the two speakers do first?
A．Search for the new tie．
B．Fix the shelf．
C．Paint the shelf
2．When does the conversation take place?
A．OnFriday．
B．On Saturday．
C．On Sunday．
3．What did the man say the book is about?
A．Elephant hunting．
B．A hunter's life．
C．Wild animals in Africa．
4．How do the cat and the dog get along?
A．In a friendly way．
B．They often fight against each other．
C．They don't seem to like each other．
5．What does the man think about the price of the car?
A．Reasonable；
B．Too high．
C．Unbelievable．
第二节(共15小题；每小题1.5分，满分22.5分)
听下面5段对话或独白。每段对话或独白后有几个小题，从题中所给的A、B、C三个选项中选出最佳选项。听每段对话或独白前，你将有时间阅读各个小题，每小题5秒钟；听完后，各小题将给出5秒钟的作答时间。每段对话或独白读两遍。
听下面一段材料，回答6至8题。
6．When did the man get his brother's letter?
A．Last Monday．
B．Last Wednesday．
C．Last Friday．
7．What did the man send to his brother inside the letter?
A．A photo．
B．Some money．
C．A postcard．
8．What's the relationship between the two speakers?
A．Husband and wife．
B．Neighbors．
C．Friends．
听下面一段材料，回答9至10题。
9．Who is the woman?
A．A manager．
B．A secretary．
C．A visitor to the company
10．Which phone numb6r should the man dial to get Mr．Smith?
听下面一段材料，回答11至13题。
11．What kind of table does the man want to have?
A．A table far away from noise．
B．A table near the window．
C．A table for three．
12．What kind ofsoup is recommended io the man?
A．Tender meat soup．
B．Fresh fish soup．
C．Just some vegetable soup．
13．What pie does the man ask for？
A．A pie with vegetable in the middle．
B．A pie with chicken in it．
C．A pie with ice cream on top．
听下面一段材料，回答14至16题。
14．Why wa sMr．Deen angry?
A．Mr．powell came．
B．He missed meeting Mr．Powell．
C．Mr．Powell was late．
15．What did the man think he had done before he left?
A．He had put the card in his wallet．
B．He had lost the card．
C．He had given the card to the woman．
16．Where did Mr．Deen come from?
A．A station．
B．A hospitaI．
C．A restaurant．
听下面一段材料，回答17至20题。
17．What is the speaker doing?
A．Reporting a football game．
B．Telling the story ofa football fan．
C．Giving a special report about a football player．
18．How did the team feel about the next day's game?
A．Worried．
B．Confident．
C．Excited．
19．What did Carlos say about the cup?
A．His team would try their best but there was little chance of winning．
B．His team would win the cup even if they lost the game．
C．He was not sure of winning me game．
20．whv dia Carlos keep the name of starting players a secret?
A．He wanted every player to be fully prepared for the game
B．'He wanted to giye the fans a surprise．
C．He hadn't made the final decision about it．
科目：高中英语
来源：河北省邢台一中学年高二下学期第四次月考英语试题
　　Two year s ago, Wendy Ha snip, 47，experienced a brain injury that left her speechle s s for two week s．When she finally recovered, she found her self talking with what seemed to be a French accent．“I phoned a friend the other day, and she spent the fir st ten minute s laughing, ” Ha snip said at the time, “while I have nothing again st the French．”
　　Ha snip suffered from foreign accent syndrome(外国口音综合症), a rare condition in which people find them selve s speaking their own language like someone from a foreign country．The condition u sually occur s in people who have experienced a head injury or a stroke-a sudden lo s s of con sciou sne s s, sen sation, or movement cau sed by a blocked or broken blood ve s selin the brain．
　　The condition wa s fir st identified during the Second World War in a Norwegian woman who se head wa s injured during an attack by the German military．The woman recovered but wa s left with a German-sounding accent, to the horror of fellow villager s who avoided her after that．
　　Re searcher s have di scovered that the combined effect of the damage to several part s of the brain make s victim s lengthen certain syllable, mi spronounce sound s, and change the normal pitch(音高)of their voice．Tho se change s in speech add up to what sound s like a foreign accent．
　　Another re searcher, a phonetician, say s victim s of the syndrome don't acquire a true foreign accent．Their strangely changed speech only re semble s the foreign accent with which it ha s a few sound s in common．
　　When an Engli sh woman named Annie recently developed foreign accent syndrome after a stroke, she spoke with what seemed to be a Scotti sh accent．However, Annie' s Scotti sh coworker s said she didn't sound at all like a Scot．
According to the pa s sage, people ________ may have foreign accent syndrome．
who se parent ha s experienced a head injury
who have lived in a foreign country for a long time
who have lo st their con sciou sne s s owing to a stroke
who have learned foreign language from their coworker s
If a per son suffer s foreign accent syndrome, ________．
hi s coworker s will be afraid of him and avoid contacting with him
he ha s more chance of suffering stroke again
he will speak a fluent foreign language like native speaker s
hi s speech only ha s a few sound s in common with the foreign accent
Writing thi s pa s sage, the writer' s main purpo se i s to ________．
introduce foreign accent syndrome and some related information
warn people not to be at the ri sk of experiencing a stroke
make it clear that foreign accent syndrome can be cured
tell a story of an injured woman during the Second World War
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