Stevie recently received 1,010 shares of restricted stock from her employer, Nicks Corporation, when the share price was $10 per share. Stevie’s restricted shares vested three years later when the market price was $13. Stevie held the shares for a little more than three years and sold them when the market price was $14. Assuming Stevie made an 83(b) election, what is the amount of Stevie’s ordinary income with respect to the restricted stock?

Daschle LLC completed some research and development during June of the current year. The related costs were $74,400. If Daschle wants to capitalize and amortize the costs as quickly as possible, what is the total amortization amount Daschle may deduct during the current year?

Daniela retired at the age of 65. The current balance in her Roth IRA is $200,000. Daniela established the Roth IRA 10 years ago. Through a rollover and annual contributions, Daniela has contributed $83,000 to her account. If Daniela receives a $53,000 distribution from the Roth IRA, what amount of the distribution is taxable?

Maren received 11 NQOs (each option gives her the right to purchase 14 shares of stock for $10 per share) at the time she started working, when the stock price was $7 per share. When the share price was $16 per share, she exercised all of her options. Eighteen months later, she sold all of the shares for $21 per share. What is the amount of Maren’s bargain element?

Arlington LLC purchased an automobile for $61,600 on July 5, 2024. What is Arlington’s depreciation deduction for 2024 if its business-use percentage is 75 percent? (Ignore any possible bonus depreciation.) (Use MACRS Table 1 in Question 3 and Exhibit 10-10 from Question 6)

Butte sold a machine to a machine dealer for $50,100. Butte bought the machine for $54,900 several years ago and has claimed $12,450 of depreciation expense on the machine. What is the amount and character of Butte’s gain or loss?

5. Code range 70010 to 79999 reports anesthesia services.

5. Code range 70010 to 79999 reports anesthesia services.

5. Code range 70010 to 79999 reports anesthesia services.

Match each question with its correct answer: