Soong, single and age 32, had the following items for the tax year 2019: salary of $30,000. interest income from u. s. government bonds of $2,000. dividends from a foreign corporation of $500. sale of small business § 1244 stock on october 20, 2019, for $20,000. the stock had been acquired two years earlier for $65,000. business bad debt of $4,000. nonbusiness bad debt of $5,000. sale of small business § 1244 stock on november 12, 2019, for $4,000. the stock had been acquired on june 5, 2019, for $800. sale of preferred stock on december 4, 2019, for $40,000. the stock was acquired four years ago for $18,000. total itemized deductions of $25,000 (no casualty or theft). determine soong’s nol for 2019.

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Ben collins plans to buy a house for $166,000. if the real estate in his area is expected to increase in value by 2 percent each year, what will its approximate value be five years from now?

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.