On March 3, 1995 Dr. Vernon Robertshaw leased a Fluoroscan imaging machine from Fluoroscan Imaging Systems Inc. of Northbrook, Illinois. Dr. Vernon Robertshaw paid a deposit of $1,579.52 U.S and was to pay monthly rental of $686.75 U.S for 60 months. The said machine was unique and it was designed to produce continuous images. Unfortunately machine did not work and plaintiff returned it to defendant for repair three times during the first year. Defendant was unable to correct the defects of that machine and he assigned the lease to Trans Leasing International that company bought out by General Electrical Capital Corporation.
Law and Analysis The taxpayer relief act of 1997 exempted from taxation the profits on the sale of a personal residence of up to $500,000 for married couples filing jointly and $250,000 for singles. This exemption applies to residences the taxpayer(s) lived in for at least two years over the last five. Taxpayers can only claim the exemption once every two years Under § 1.121-1 Exclusion of gain from sale of principle residence of the Internal Revenue Code, the sale of the home of Mr. Junkiewicz and his wife in 2013 is not a taxable transaction as
As illustrated in Out of this Furnace, proper operation of the blast furnaces was an impending life or death matter. Unfortunately, for the characters of Kracha’s best friend, Dubik, and Mike, their livelihood depended on the factory and the factory ultimately ended their life as well. “Dubik died two days after a blast furnace explosion blind and unconscious,” (pg.53). The explosion was later deemed an “accident”; however, Kracha explained, “In a larger sense, it was the result of greed, and part of the education of the American steel industry” (pg. 54).
Ten years on from the tragedy, Holly’s family have spoken out vowing to “make it out the other side”. Inadequate arrangements Insufficient attention was given to how residents would escape from the home in the event of a fire. The sheriff said an adequate fire plan would have revealed the problems which eventually led to the deaths, such as the staffs was not properly trained in fire safety and the presence of an electrical distribution board in a cupboard which opened to a "critical escape route" alongside flammable materials. He also highlighted "inadequate arrangements" for calling the fire brigade, a lack of fire dampeners and too many people being housed in one corridor in order to evacuate more effectively. The inquiry also concluded that the lives of four of
was a care home registered to Castlebeck Care Ltd a report by CQC had found that they had failed to ensure that people living at Winterbourne View were adequately protected from risk, including the risks of unsafe practices by its own staff. The report shows in several areas where the system failed these were •The managers did not ensure that major incidents were reported to the Care Quality Commission as required. • Planning and delivery of care did not meet people's individual needs. • They did not have robust systems to assess and monitor the quality of services. • They did not identify, and manage, risks relating to the health, welfare and safety of patients.
ACCT 311 Final Exam Solution https://hwguiders.com/downloads/acct-311-final-exam-solution/ ACCT 311 Final Exam Solution 1. XYZ Company sells appliance service contracts agreeing to repair appliances for a two-year period. XYZ’s past experience is that, of the total dollars spent for repairs on service contracts, 40% is incurred evenly during the first contract year and 60% evenly during the second contract year. Receipts from service contract sales for the two years ended December 31, year 2, are as follows: Year 1 | $500,000 | Year 2 | $600,000 | Receipts from contracts are credited to unearned service contract revenue. Assume that all contract sales are made evenly during the year.
Facts: Client suffered serious injuries at work when she fell thirty feet off a conveyor designed to carry employees from one work level to another. She was injured when the conveyor malfunctioned and failed to stop when she reached the top of the lift. The conveyor had been in use for twenty-five years, and her employer replaced it the day after the accident. The employer dismantled the conveyor and disposed of many of the important parts. It appears that the employer intentionally disposed of the parts.
ACCT 323 Week 4 Homework Solutions https://hwguiders.com/downloads/acct-323-week-4-homework-solutions/ ACCT 323 Week 4 Homework Solutions 1) In the current tax year, Gunther earned $125,000 from his job as a civil engineer. In addition, he received $30,000 of income from Activity A, and lost $40,000, and 20,000 from Activities B and C respectively. Activities A, B, and C are passive activities that Gunther acquired in the current year. What amount of loss may Gunther deduct on his current year taxes with respect to each activity? What amount of loss, if any, must be carried over to the subsequent year for each activity?
He is now becoming a completely different person from the beginning. He went from “Let’s buy another wall TV, it’s only $2,000.” Which at the time was about a third of the annual income, to this sympathetic reading lover that wants to make a difference in society. Montag is not quite agreed with. He is forced to burn his house, as the whole community takes a second look at
Brittany Canaday Ivy Tech Community College Legal Case Study January 25,2015 PG&E worker wins $1 million in Santa Cruz wrongful termination lawsuitThis case is about a power line worker who was wrongful terminated from his job after making safety complaints against the company that he worked for and was awarded $1million in the lawsuit case. He worked with the company for 8 years. His supervisor asked him and his crew to repair a broken electrical pole and that it could be done without shutting the power off to that pole. When the power lines broke as they were working on it, it came close to touching one another which would of caused a explosion and possibly injuring him or his crew. The employer said “they just want to keep peoples