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What was the main reason given for removing Native Americans rather than assimilating them into American society?

What can be said to have triggered the Missouri crisis?

Which of the following tax entities are subject to the federal income tax at the entity level?

Riverside LLC purchased and placed in service the following assets in 2024: PIS Date Asset Cost 2/26/2024 Computers $1,000,000 6/12/2024 Gen. Manufacturing Equipment $2,500,000 Riverside LLC purchased no other assets during 2024, and its net income for the year is $50,000,000 before considering cost recovery deductions. What is the maximum tax depreciation deduction Riverside LLC may take in 2024, assuming the company elects §179 expense and bonus depreciation?  Link to class life and depreciation tables: Link Show all your work.  

Amy is single. During 2024, she determined her adjusted gross income was $12,000. During the year, Amy also contributed $1,500 to a Roth IRA. What is the maximum saver’s credit she may claim for the year?

In 2024, Sasha and Peter entered into a §1031 like-kind exchange. Sasha exchanged an apartment building in Washington for Peter’s apartment building in Oregon. Sasha’s apartment building had a fair market value of $650,000 and an adjusted basis of $400,000. Peter’s building has a fair market value of $500,000 and an adjusted basis of $200,000. Peter also paid Sasha $150,000 in cash as part of the exchange. Calculate Sasha’s realized gain or loss. Calculate Sasha’s recognized gain or loss. Calculate Sasha’s basis for the land received Show all your work. 

Rachel, 28 years old, is single and has no dependents. In 2024, Rachel had the following items of income and expense: Item Amount (in $) Salary 60,000 Qualified business income 15,000 Municipal bond interest income 300 Short-term capital loss (500) Long-term capital gain 1,500 Student loan interest (2,700) Traditional IRA Contribution (3,500) Total itemized deductions (12,000) The qualified business income is derived from an ownership interest in her family’s S-Corporation. The income is not subject to self-employment taxes.  Rachel’s employers withheld $6,000 in federal income taxes from her paychecks. What is Rachel’s tax due or tax refund? (Link to tax rate schedule Appendix C_2024.pdf).  Show all your work. 

In general, under which of the following scenarios would a contribution to Roth IRA yield a higher after-tax account balance in retirement compared to a traditional IRA?  

Beth’s business purchased only one asset during the current calendar year (a full 12-month tax year). On December 1 Beth placed in service the general manufacturing equipment asset (seven-year property) with an initial basis of $50,000. Calculate the maximum depreciation expense (ignoring §179 and bonus depreciation).  Link to class life and depreciation tables: Link

Why is microfilaria (MF) testing recommended in conjunction with antigen testing in dogs suspected of heartworm infection?