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[主观题]

Dunbar, a single taxpayer, purchased 300 shares of Sweetwater, Inc., stock on October

14, 2015, for $3,000.He sells the stock on August 22, 2018, for $4,000.Dunbar has no other capital asset transactions in 2018.I.If Dunbar's taxable income without considering the stock sale is $93,000, the sale of the stock will increase his income tax liability by $220.II.If Dunbar's taxable income without considering the stock sale is $13,000, the sale of the stock will not increase his income tax liability.()

A、Only statement I is correct

B、Only statement II is correct

C、Both statements are correct

D、Neither statement is correct.

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发布时间：2021-03-20

更多“Dunbar, a single taxpayer, purchased 300 shares of Sweetwater, Inc., stock on October”相关的问题

第1题

Actually the single home sales and the construction of new homes can have multiplier effec

t on the local, state and federal economies by means of providing more job opportunities and tax revenues.

A．Y

B．N

C．NG

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第2题

It is often difficult for a man to be quite sure how much tax he ought to pay to the gov

ernment because it depends on so many different things：whether the man is married;how many children he has;whether he supports any relations，how much interest he receives，how much he has spent on his house during the year，and so on. All this makes it difficult to decide exactly how much the tax is.There was an artist who was always very careful to pay the proper amount.

One year，after posting his check as usual，he began to wonder if he had paid enough，and after a lot of work，with a pencil and paper，he found that he had not. He thought that he owed the government something.

He was just writing another check to send it to the tax collector when the postman dropped a letter into the box at the front door. Opening it，the artist was surprised to find inside it a check for five pounds from the tax collector. The official explained that too much had been paid，and that therefore the difference was now returned to the taxpayer.

11. According to the passage，to decide the exact amount of tax to be paid is ____________.

A. simple

B. easy

C. difficult

D. interesting

12. It is mentioned in the passage that one has to pay tax according to ____________.

A. how much education one has received

B. whether one is single or married

C. how old one’s children are

D. where one lives

13. The word “proper” in the second paragraph means __________.

A. small

B. big

C. right

D. wrong

14. After a lot of work，the artist thought that he had paid the government ____________.

A. less tax than he should have

B. more tax than he should have

C. as much tax as usual

D. just enough tax

15. Why did the tax collector send a letter to the artist？

A. To send him a new tax form.

B. To return the money overpaid.

C. To remind him of paying the tax.

D. To explain the rules of tax paying.

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第3题

It is often difficult for a man to be quite sure what tax ought to be paid to the gove

rnment because it depends on so many different things: whether the man is married; how many children he has; whether he supports any relations; how much he earns; how much interest he receives; how much he has spent on his house during the year, and so on and so forth.All this makes it difficult to decide exactly how much the tax is.

There was a certain artist who was always very careful to pay the proper amount.

One year, after posting his check as usual, he began to wonder if he had paid enough, and after a lot of work, with a pencil and paper, he decided that he had not.He believed that he owed the government something.

He was just writing another check to send to the tax-collector when the postman dropped a letter into the box at the front door.Opening it, the artist was surprised to find inside it a check for five pounds from the tax-collector.The official explained that too much had been paid, and that therefore the difference was now returned to the taxpayer.

21.It is mentioned in the passage that one has to pay tax according to().

A.how much education one has received

B.whether one is single or married

C.how old one's children are

22.The underlined word "proper" in the second paragraph means().

A.small

B.big

C.right

23.After a lot of work, the artist thought that he had paid the government()

A.less tax than he should have

B.more tax than he should have

C.as much tax as usual

24.What did the artist receive()

A.A check from the bank clerk.

B.A check from the tax-collector.

C.A gift from the tax-collector.

25.Why did that tax-collector send a letter to the artist()

A.To send him a new tax form.

B.To return the money over-paid.

C.To remind him of paying the tax.

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第4题

听力原文：M: I'd like to check in, please.W: Awfully sorry, sir. There are no rooms availab

听力原文：M: I'd like to check in, please.

W: Awfully sorry, sir. There are no rooms available now.

M: But I reserved a room the day before yesterday.

W: Sorry. May I have your name？

M: Tom White.

W: Please wait a minute. Let me check... Excuse me, but I can't seem to find your name on our list. Are you sure you have a reservation for tonight？

M: Of course, I did it myself.

W: I'm terribly sorry. There must have been some mistake. Let me check again... Oh, yes. There is a name listed as Tom Right. It must be the fault of the clerk who registered your name. I apologize.

M: Don't worry about that.

W: According to the records, your reservation is for a single room with shower and air conditioner for two nights. The room rate will be ＄100 per night, including 10% tax and 5% service charge. Is that right？

M: Yes, that's right. I'd like to pay my bill by credit card.

W: May I take a print of your card？

M: Here you are.

W: OK. Now could you fill out this registration card？

M: All right.

W: Your room number is 707. Here is your key. The bellboy will help you to carry the suitcases to your mom. Have a nice evening.

(20)

A．In the office.

B．In a restaurant.

C．At a hotel.

D．In the bank.

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第5题

About Homeownership in AmericaIs there a housing（住房供给)crisis in America？ Or are we sim

About Homeownership in America

Is there a housing(住房供给)crisis in America？ Or are we simply in need of adjusting a system that already works？ The answers to these questions axe vital, especially for those in the real estate (房地产) industry, including homebuyers and sellers, real estate practitioners, home builders, multifamily property developers and community planners. After all, if there are not enough homes, and once American households can afford, where will people live？ How will local communities build their tax revenue (收入)？ If people stop buying homes because of lack of supply, what happens to the U.S. economy ？

The Importance of Homeownership

The housing sector is one of the largest and most important sectors of the U.S. economy. In addition to providing shelter, housing provides millions of Americans with jobs and generates hundreds of billions of dollars of economic output each year. The value of residential (住宅的) structures totals over $12 trillion, while the housing sector directly and indirectly accounts for about 15 to 20 percent of our nation' s Gross Domestic Product (GDP) (中民人均生产总值) every year. Moreover, most studies indicate that households spend about 30 to 40 percent of their disposable(可支配的)income on housing-related expenses. Those expenditures help to support other sectors of the economy. During the same period, the housing sector contributed more than half to the economic growth, with total singlefamily sales posting an all-time high of 6.2 million units.

Housing is also an important source of wealth for many households. In 2001, existing home prices appreciated (增值)at a rate of 6.3 percent, the strongest increase is over a decade. Recent studies suggest that a home buying spurs additional expenditures such as new furniture, new appliances and moving costs, all of which contribute to economic activity.

Rise in the value of home equity(资产净值)has a large impact on consumer spending decisions. The Federal Reserve estimates that for each one-dollar change in stock market equity, consumer spending increases by 3 to 7 cents. In another study, Case, Quigley, and Shiller (2001) argue that each extra dollar of housing wealth has five times the impact of an extra dollar of stock market wealth.

Healthy home price appreciation (增值), in combination with robust sales, provides a strong tax base for local governments. Almost 70 percent of all tax revenues raised by local governments in the United States comes from property taxes. Homeowners contribute about 43 percent of property taxes, while commercial property taxes account for the remaining 57 percent. Because home prices historically have outpaced the rate of inflation(通货膨胀) by a couple of percentage points, the local tax base and tax revenue also keep pace with, if not exceed, the rate of inflation.

One of the ways housing contributes to economic growth is via the se-called multiplier(增效器) effect. Price Waterhouse Coopers (PWC) estimates that the multiplier effects from a single home sale amounts to about 0.28 percent of GDP. That translates into $ 5,100 for each home sale. The National Association of Home Builders (NAHB) places the estimate at $ 7,800 to $ 8,900 in the first year of a move. The multiplier effect is particularly important to local economies. Home sales and the construction of new homes provide jobs and tax revenues for local, state and federal governments. The National Association of Home Builders estimates that the construction of 1,000 single-family homes generates 2,448 full-time jobs in construction and construction related industries, $ 79.4 million in wages.

Homeownership and Housing Opportunity

Throughout most, if not all of the past decade, employment and wage gains were strong and interest rates moved near historic lows, creating favorable conditions for all households. The result is record-level homeownership rates. The

A．Y

B．N

C．NG

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第6题

The following trial balance relates to Downing Co as at 31 March 2016:The following notes

The following trial balance relates to Downing Co as at 31 March 2016:

The following trial balance relates to Downing Co

The following notes are relevant:

(i) Revenue includes an amount of $16 million for a sale made on 1 April 2015. The sale relates to a single product and includes ongoing servicing from Downing Co for four years. The normal selling price of the product and the servicing would be $18 million and $500,000 per annum ($2 million in total) respectively.

(ii) The contract asset is comprised of contract costs incurred at 31 March 2016 of $15 million less a payment of $10 million from the customer. The agreed transaction price for the total contract is $30 million and the total expected costs are $24 million. Downing Co uses an input method based on costs incurred to date relative to the total expected costs to determine the progress towards completion of its contracts.

(iii) Downing Co issued 300,000 $100 5% convertible loan notes on 1 April 2015. The loan notes can be converted to equity shares on the basis of 25 shares for each $100 loan note on 31 March 2018 or redeemed at par for cash on the same date. An equivalent loan note without the conversion rights would have required an interest rate of 8%.

The present value of $1 receivable at the end of each year, based on discount rates of 5% and 8%, are:

The following trial balance relates to Downing Co

(iv) Non-current assets:

Due to rising property prices, Downing Co decided to revalue its land and buildings on 1 April 2015 to their market value. The values were confirmed at that date as land $16 million and buildings $52·2 million with the buildings having an estimated remaining life of 18 years at the date of revaluation. Downing Co intends to make a transfer from the revaluation surplus to retained earnings in respect of the annual realisation of the revaluation surplus. Ignore deferred tax on the revaluation.

Plant and equipment is depreciated at 15% per annum using the reducing balance method.

During the current year, the income from royalties relating to the patent had declined considerably and the directors are concerned that the value of the patent may be impaired. A study at the year end concluded that the present value of the future estimated net cash flows from the patent at 31 March 2016 is $3·25 million; however, Downing Co also has a confirmed offer of $3·4 million to sell the patent immediately at that date.

No depreciation/amortisation has yet been charged on any non-current asset for the year ended 31 March 2016. All depreciation/amortisation is charged to cost of sales.

There were no acquisitions or disposals of non-current assets during the year.

(v) The directors estimate a provision for income tax for the year ended 31 March 2016 of $11·4 million is required. The balance on current tax in the trial balance represents the under/over provision of the tax liability for the year ended 31 March 2015. At 31 March 2016, Downing Co had taxable temporary differences of $18·5 million requiring a provision for deferred tax. Any deferred tax movement should be reported in profit or loss. The income tax rate applicable to Downing Co is 20%.

Required:

(a) Prepare the statement of profit or loss and other comprehensive income for Downing Co for the year ended 31 March 2016.

(b) Prepare the statement of changes in equity for Downing Co for the year ended 31 March 2016.

Notes to the financial statements are not required. Work to the nearest $1,000.

The following mark allocation is provided as guidance for these requirements:

(a) 11 marks

(b) 4 marks

(d) The finance director of Downing Co has correctly calculated the company’s basic and diluted earnings per share (EPS) to be disclosed in the financial statements for the year ended 31 March 2016 at 148·2 cents and 119·4 cents respectively.

On seeing these figures, the chief executive officer (CEO) is concerned that the market will react badly knowing that the company’s EPS in the near future will be only 119·4 cents, a fall of over 19% on the current year’s basic EPS.

Required:

Explain why and what aspect of Downing Co’s capital structure is causing the basic EPS to be diluted and comment on the validity of the CEO’s concerns. (5 marks)

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第7题

Unlike the private enterprise model, which is the foundation of the U. S. health care syst

em, Canada has a health care system based on different principles: 1) Universality: everyone is covered. 2) Portability: people can move from province to province and from job to job, or be unemployed , and they will still be covered. 3) Comprehensiveness: the plan covers all medically necessary treatment. 4) Public administration; the system is publicly run and publicly accountable.

Since 1947 Canada has had a tax-supported health care system in which every Canadian is covered for the costs of all medically necessary services. Under this plan, each citizen is issued a health card by the government, which is presented when health care is received. Using tax money, the government pays back physicians and hospitals, based on a fee schedule determined by the government, not the market. The keys are that the health services are paid for by the government and all Canadians have equal access to the care they need. Canadians can select any doctor they like. The plan is a "single payer"plan, with the doctors billing the provincial insurance plans directly (the government of each Canadian province pays the medical bills of its citizens). For patients, there are no bills, claim forms, fees, and long waits for compensations from insurance carriers.

The key difference between the Canadian system and that in the United States is that "in Canada health care is considered a social right, while in the United States it is treated more like a commodity".

The usual arguments against such a plan are that it is inefficient and costly. In Canada's case, health care is administered more efficiently, at less cost, and with better results, than the health care system in the United States. The results, as measured by infant mortality and life expectancy, show that Canada is ahead of the United States. Administrative costs are less in Canada (about one-fourth of U. S. administrative expenses for physicians, hospitals, and insurance companies).

The Canadian health care system is not perfect. Canadians have less access than Americans to the latest technological innovations. There may be waits for those not needing immediate surgeries. But despite some small problems, most Canadians like their health care system. A Gallup Poll in 1991 revealed, for example, that 91 percent of Canadians rated their health care system better than that in the United States, compared to only 26 percent of Americans who felt their system was superior to that in Canada.

The Canadian health care system is

A．financially supported by private enterprises.

B．run according to different principles.

C．designed for the convenience of the public.

D．complicated by administration.

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第8题

Frontier Quay Disposal Tax

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第9题

When a tax on a good is enacted,A.sellers bear the full burden of the tax if the tax is

When a tax on a good is enacted,