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NEW QUESTION: 1
Tom and Joan Moore, both CPAs, filed a joint 1994 federal income tax return showing $70,000 in taxable
income. During 1994, Tom's daughter Laura, age 16, resided with Tom. Laura had no income of her own
and was Tom's dependent.
Determine the amount of income or loss, if any that should be included on page one of the Moores' 1994
Form 1040.
The Moores received a $500 security deposit on their rental property in 1994. They are required to return
the amount to the tenant.
A. $55,000
B. $10,000
C. $1,300
D. $1,500
E. $25,000
F. $900
G. $2,500
H. $3,000
I. $1,000
J. $2,000
K. $1,250
L. $0
M. $50,000
N. $75,000
O. $500
Answer: L
Explanation:
Explanation
"A" is correct. $0. The security deposit is not taxable income because the Moores are required to return it
when the tenant leaves. If the deposit is applied to damages in a later tax year, the portion the Moores
retain would be income to them in the year they retain the deposit, and the money they spend to repair the
damage would be a deduction to them.
NEW QUESTION: 2
What action does the jobs command perform?
A. Lists all scheduled cron jobs
B. Lists all print jobs in the print queue.
C. Lists all mail items in the mail queue
D. Lists the content of the shell's job control
Answer: D
NEW QUESTION: 3
How is high availability of the NSX Edge Gateway accomplished?
A. HA Application Monitoring on the Edge Gateway sends a heartbeat to the ESXi host.
B. The Edge appliance sends a heartbeat through an uplink interface.
C. VMware Tools on the Edge Gateway sends a heartbeat to the ESXi host.
D. The Edge appliance sends a heartbeat through an internal interface.
Answer: D
Explanation:
Explanation/Reference:
Reference: https://www.zettagrid.com/faqs/nsx-charging/
NEW QUESTION: 4
State whether the following costs are relevant or non-relevant in the context of short-term decision making scenarios.
Answer:
Explanation:
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