In 2012, the Clarkson Community Schools in Clarkson, Michigan paid its starting teachers $ with a bachelor's degree and $ with a master's degree. (For simplicity, assume that these salaries stay constant and do not increase with experience.) Suppose you know that you want to work for this school district and want to maximize your life-time earnings. To get a master's degree takes one extra year of schooling and costs $. Should you get the master's if you cannot work during that year? Should you get your master's degree if you can work while studying for your master's? You'll work for 40 years and then retire, but, for simplicity, in your calculations, assume that you'll work forever, with payments made at the end of each year forever, and consider interest rates of % and %. (Hint: You can get a reasonable approximation to the answer by assuming that you work forever.) First, assume the interest rate is %. If you can work while studying for your master's, then you get your master's degree, and if you cannot work while studying for your master's degree, then you should not should get your master's degree. Next, assume the interest rate is %. If you can work while studying for your master's, then you should not should get your master's degree, and if you cannot work while studying for your master's degree, then you should not should get your master's degree.

Which of the following statements is true? a job costing system will have a separate work in process account for each of the major processes. a process costing system will have a single work in process account. a process costing system will have a separate raw materials account for each of the major processes. a process costing system will have a separate work in process account for each of the major processes.

Bridgeport company began operations at the beginning of 2018. the following information pertains to this company. 1. pretax financial income for 2018 is $115,000. 2. the tax rate enacted for 2018 and future years is 40%. 3. differences between the 2018 income statement and tax return are listed below: (a) warranty expense accrued for financial reporting purposes amounts to $7,500. warranty deductions per the tax return amount to $2,200. (b) gross profit on construction contracts using the percentage-of-completion method per books amounts to $94,700. gross profit on construction contracts for tax purposes amounts to $67,100. (c) depreciation of property, plant, and equipment for financial reporting purposes amounts to $61,800. depreciation of these assets amounts to $75,700 for the tax return. (d) a $3,600 fine paid for violation of pollution laws was deducted in computing pretax financial income. (e) interest revenue recognized on an investment in tax-exempt municipal bonds amounts to $1,500. 4. taxable income is expected for the next few years. (assume (a) is short-term in nature; assume (b) and (c) are long-term in nature.) (a) prepare the reconciliation schedule for 2017 and future years. (b) prepare the journal entry to record income tax expense for 2017. (c) prepare the income tax expense section of the income statement beginning with “income before income taxes.” (d) determine how the deferred taxes will appear on the balance sheet at the end of 2017.

The relationship requirement for qualifying relative requires the potential qualifying relative to have a family relationship with the taxpayer. t or fwhich of the following is not a from agi deduction? a.standard deductionb.itemized deductionc.personal exemptiond.none of these. all of these are from agi deductions