Jamie has an undergraduate degree in finance and is employed full-time by a bank. she is taking courses at a local university leading to an mba degree.

a. based on the reasons for the taking courses listed below, identify for jamie whether the associated costs are "deductible" or "nondeductible".

i. it is to maintain or improve existing skills required in her present job.
ii. it is to meet the minimum educational standards for qualification in her existing job.
iii. it is to qualify her for a new trade or business.
iv. it is to meet the express requirements of her employer or the requirements imposed by law to retain her employment status.
b. complete the statement below outlining the limitations imposed on the deduction.

i. assume that jamie is a single filer with an magi of $64,000.
ii. click here to view § 222 deduction amounts.
iii. deductible for agi and deducted from agi as an itemized deduction which subject to the 2%-of-agi limitation.

You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer

Acoase solution to a problem of externality ensures that a socially efficient outcome is to

Jallouk corporation has two different bonds currently outstanding. bond m has a face value of $50,000 and matures in 20 years. the bond makes no payments for the first six years, then pays $2,100 every six months over the subsequent eight years, and finally pays $2,400 every six months over the last six years. bond n also has a face value of $50,000 and a maturity of 20 years; it makes no coupon payments over the life of the bond. the required return on both these bonds is 10 percent compounded semiannually. what is the current price of bond m and bond n?