Amos is a self-employed tax attorney. He and Monica, his employee, attend a conference in Dallas sponsored by the American Institute of CPAs. The following expenses are incurred during the trip:

Amos Monica
Conference registration $900 $900
Airfare 1,200 700
Taxi fares 100 0
Lodging in Dallas $750 $300
Amos pays for all of these expenses.

a. What is the tax effect of these expenses for Amos? ( Multiple Choice )

The expenses are ( deductible for AGI - deductible from AGI - not deductible )

b. Calculate the total amount of deductible expenses (for both Amos and Monica).

Conference registration $
Airline tickets
Taxi fares
Lodging
Total $
c. If the American Bar Association had sponsored the conference, calculate the total amount of deductible expenses (for both Amos and Monica).

( $ )

Rate of return, standard deviation, coefficient of variation personal finance problem mike is searching for a stock to include in his current stock portfolio. he is interested in hi-tech inc.; he has been impressed with the company's computer products and believes hi-tech is an innovative market player. however, mike realizes that any time you consider a technology stock, risk is a major concern. the rule he follows is to include only securities with a coefficient of variation of returns below 1.07. mike has obtained the following price information for the period 2015 through 2018:hi-tech stock, being growth-oriented, did not pay any dividends during these 4 years. a. calculate the rate of return for each year, 2015 through 2018, for hi-tech stock. b. assume that each year's return is equally probable and calculate the average return over this time period. c. calculate the standard deviation of returns over the past 4 years. (hint: treat this data as a sample.) d. based on b and c determine the coefficient of variation of returns for the security. e. given the calculation in d what should be mike's decision regarding the inclusion of hi-tech stock in his portfolio?