In june of this year, dr. and mrs. bret spencer traveled to denver to attend a three-day conference sponsored by the american society of implant dentistry. bret, a self-employed practicing oral surgeon, participated in scheduled technical sessions dealing with the latest developments in surgical procedures. on two days, mrs. spencer attended group meetings where various aspects of family tax planning were discussed. on the other day, she went sightseeing. mrs. spencer does not work for her husband, but she does their tax returns and handles the family investments. expenses incurred in connection with the conference are summarized below. airfare (two tickets) $2,000 lodging (single and double occupancy are the same rate—$250 each day) 750 meals ($200 x 3 days)* 600 conference registration fee (includes $120 for family tax planning sessions) 620 car rental 300 *split equally between dr. and mrs. spencer. if an amount is zero, enter "0". how much, if any, of these expenses can the spencers deduct? mrs. spencer's activities constitute a trade or business. therefore, she can deduct $ of her expenses.

Vulcan company is a monthly depositor whose tax liability for march 2019 is $2,510. 1. what is the due date for the deposit of these taxes? march 17 2. assume that no deposit was made until april 29. compute the following penalties. assume a 365-day year in your computations. round your answers to the nearest cent. a. penalty for failure to make timely deposits. $ b. penalty for failure to fully pay employment taxes $ c. interest on late payment (assume a 5% interest rate). $ d. total penalty imposed $

Fanning company is considering the addition of a new product to its cosmetics line. the company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. relevant information and budgeted annual income statements for each of the products follow. skin cream bath oil color gel budgeted sales in units (a) 110,000 190,000 70,000 expected sales price (b) $8 $4 $11 variable costs per unit (c) $2 $2 $7 income statements sales revenue (a × b) $880,000 $760,000 $770,000 variable costs (a × c) (220,000) (380,000) (490,000) contribution margin 660,000 380,000 280,000 fixed costs (432,000) (240,000) (76,000) net income $228,000 $140,000 $204,000 required: (a) determine the margin of safety as a percentage for each product. (b) prepare revised income statements for each product, assuming a 20 percent increase in the budgeted sales volume. (c) for each product, determine the percentage change in net income that results from the 20 percent increase in sales. (d) assuming that management is pessimistic and risk averse, which product should the company add to its cosmetics line? (e) assuming that management is optimistic and risk aggressive, which product should the company add to its cosmetics line?

Explain how can you avoid conflict by adjusting