Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 4 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 01 Aug 2017 My Price 6.00

insurance company

What amount, if any, must be included in gross income by the following taxpayers?

 

A. Anne received $2,000 from her insurance company when her automobile which cost $3,000 was stolen.

 

B. Barry received $3,000 from his brother. Barry at initiated a lawsuit against his brother in an effort to recover $3,000 he had previously loaned to him. The brother paid Barry back before the case was tried, and Barry dropped the lawsuit.

 

C. Carry, an accountant, sued a client in order to collect her fee for doing tax work. WouldCarry's accounting method make any difference?

 

D. Dave has incurred $6,000 of medical expenses so far this year. He paid $400 of the expenses himself. His insurance company paid $4,000 of the expenses. The hospital is suing Dave and the insurance company for the balance, $1,600.

Answers

Maurice Tutor
(5)
Status NEW Posted 01 Aug 2017 10:08 PM My Price 6.00

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