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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 2 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
32.   LO4 Reggie works during the summer for Dan the Screenman. Dan pays Reggie
$4,300 in salary, saves Reggie $200 on free screens for Reggie’s father’s house, and agrees to pay Reggie’s fall college tuition of $2,100. How much gross income does Reggie have from this arrangement?
33.   LO4 Aziza is the sole owner of Azi’s Fast Pizza. During the current year, Azi’s  re- places its fleet of delivery vehicles. Aziza’s son purchases one of the old  vehicles for $500, its tax basis to Azi’s. Similar vehicles are sold for $4,000. What tax problem is posed by this situation? Explain who, if anyone, should report income from the transaction.
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