Al files for bankruptcy. al has been making loan payments to his company's credit union through payroll deductions. after being notified of the bankruptcy, his employer continues to deduct the loan payments from his paychecks. al's employer: . is in violation of the bankruptcy code. b. is required to continue taking the deductions. c. can continue taking the deductions until the loan is repaid. d. can continue taking the deductions for 180 days.

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?

Omnidata uses the annualized income method to determine its quarterly federal income tax payments. it had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). what is omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?

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