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ACC 307 FINAL EXAM PART 1 & PART 2

ACC 307 FINAL EXAM PART 1 & PART 2

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Author: Christine Farr
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Amy works as an auditor for a large major CPA firm. During the months of September through November of each year, she is permanently assigned to the team auditing Garnet Corporation. As a result, every day she drives from her home to Garnet and returns home after work. Mileage is as follows: 
 

Miles

Home to office

10

Home to Garnet

30

Office to Garnet

35

One of the tax advantages of being self-employed (rather than being an employee) is:

Under the actual cost method, which of the following expenses will not be allowed?

The § 222 deduction for tuition and related expenses is available:

Which of the following is subject to a cutback adjustment?


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