Dave is a plumber who uses the cash method of accounting. This year Dave requested that his clients make their checks payable to his son, Steve. This year Steve received checks in the amount of $72,750 for Dave's plumbing services. Which of the following is a true statement? a. Steve is taxed on $72.750 of plumbing income this year
b. None of the choices are correct.
c. Dave may deduct the $72,750 received by Steve.
d. Steve is taxed on $72,750 of income from gifts received this year
e. Dave is taxed on $72,750 of plumbing income this year.

You meet that special person and get married. amazingly your spouse has exactly the same income you do 47,810. if your tax status is now married filing jointly what is your tax liability

M. cotteleer electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. one of the components has an annual demand of 235 units, and this is constant throughout the year. carrying cost is estimated to be $1.25 per unit per year, and the ordering (setup) cost is $21 per order. a) to minimize cost, how many units should be ordered each time an order is placed? b) how many orders per year are needed with the optimal policy? c) what is the average inventory if costs are minimized? d) suppose that the ordering cost is not $21, and cotteleer has been ordering 125 units each time an order is placed. for this order policy (of q = 125) to be optimal, determine what the ordering cost would have to be.

Communication comes in various forms. which of the following is considered an old form of communication? a) e-mail b) letter c) skype d) texting