You have just graduated from college and are looking to buy your first car. money is tight right now, so you are concerned with initial cost as well as ongoing expenses. at the same time, you don't want to drive a slow, outdated car like your parents do. you have narrowed your choices down to two vehicles: a honda enigma and a bizzarrini booster. based on the numbers below, calculate the value index for each car. which car provides you with the greatest value?

Trey morgan is an employee who is paid monthly. for the month of january of the current year, he earned a total of $4,538. the fica tax for social security is 6.2% of the first $118,500 earned each calendar year, and the fica tax rate for medicare is 1.45% of all earnings for both the employee and the employer. the amount of federal income tax withheld from his earnings was $680.70. his net pay for the month is .

Which of the following is true concerning the 5/5 lapse rule? a) the 5/5 lapse rule deems that a taxable gift has been made where a power to withdraw in excess of $5,000 or five percent of the trust assets is lapsed by the powerholder. b) the 5/5 lapse rule only comes into play with a single beneficiary trust. c) amounts that lapse under the 5/5 lapse rule qualify for the annual exclusion. d) gifts over the 5/5 lapse rule do not have to be disclosed on a gift tax return.

Asap! the following information is given for tripp company which uses the indirect method.