Mary filed her 2019 income tax return as a single individual. Her AGI was $70,000. She had $12,900 of itemized deductions including $6,000 for state income taxes. (She deducted no other taxes) In 2020 Mary received a state income tax refund of $500. The standard deduction for single individuals for 2019 was $12,200. How much if any of the $500 refund Mary received in 2020 is includible in her gross income

Lincoln company has an accounting policy for internal reporting purposes whereby the costs of any research and development projects that are over 70 percent likely to succeed are capitalized and then depreciated over a five-year period with a full year of depreciation in the year of capitalization. in the current year, $400,000 was spent on project one, and it was 55 percent likely to succeed, $600,000 was spent on project two, and it was 65 percent likely to succeed, and $900,000 was spent on project three, and it was 75 percent likely to succeed. in converting the internal financial statements to external financial statements, by how much will net income for the current year have to be reduced? a. $180,000b. $380,000c. $720,000d. $900,000

Afarmer is an example of what kind of producer?

Many years ago, sprint telecommunications aired an advertisement intended to demonstrate the clarity of reception sprint customers could expect. the ad showed a rancher, who had used a different company, complaining that he had ordered 100 oxen from his supplier and instead received 100 dachshunds. the mix-up was probably due to the presence of in the communication process.