Stephanie is a calendar year cash basis taxpayer. she owns a 50% profit and loss interest in a cash basis partnership with a september 30 year-end. the partnership’s operating income (after deducting guaranteed payments) was $120,000 ($10,000 per month) and $144,000 ($12,000 per month), respectively, for the partnership tax years ended september 30, 2011 and 2012. the partnership paid guaranteed payments to stephanie of $2,000 and $3,000 per month during the fiscal years ended september 30, 2011 and 2012. how much will stephanie’s adjusted gross income be increased by these partnership items for her tax year ended december 31, 2011?
it causes uncertainty and falling investment. firms respond to inflation for several reasons. first of all, inflation dampens consumer confidence and spending and reduces aggregate demand. secondly, inflation increases costs and reduces competitiveness, which can lead to falling demand.
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one of the major reasons to keep at least $100 in your checking account is to actually cover for unexpected expenses, and also to avoid bank charges or fees for either an overdraft or a returned unpaid transactions.
it could also come handy if you get stuck somewhere, or if you need to take a taxi after having dinner with your new date, and your debit/credit card is on $0.00, this could save you the ultimate embarrassment by just transfering money from checking to your savings account.
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