Jillian runs a small printing business. she spends $2000 / month on ink, $30,000 a year on rent for the building, and $60,000 a year on her two employees. jillian makes $120,000 a year in revenue. if she wasn’t in printing, elsie could also work as a consultant and make $80,000. year. she could also earn $200,000 by taking advantage of her jd and be in corporate law. what is jillian’s annual economic profit on the printing business.

Herman is covered by a cafeteria plan by his employer. his adjusted gross income (agi) is $100,000. he paid unreimbursed medical premiums in the amount of $10,500 and he itemizes deductions. what amount will herman be able to deduct for his medical insurance premium expenses?

Which of the following statements is true regarding the definition of a fund? a fund is a fiscal entity which is designed to provide reporting that demonstrates conformance with finance-related legal and contractual provisions separately from gaap reporting. a fund exists to assist in carrying on activities and attaining objectives where there are no specific rules or restrictions. a fund is an accounting entity which is designed to enable reporting in conformity with gaap without being restricted by legal or contractual provisions. a fund is a mechanism developed to provide accounting for revenues and expenditures that are subject to certain restrictions separate from revenues and expenditures that are not subject to restrictions.

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