Mr. Hot Dog, in charge of the Oscar Mayer division of Kraft…

Mr. Hot Dog, in charge of the Oscar Mayer division of Kraft Foods, received KHC incentive stock options (ISOs) two years ago with an exercise price of $30 a share, the value of the stock at the date of the grant.  Mr. Hot Dog exercised these options when KHC hit a 52 week high of $44/share on May 21st of this year.  KHC’s performance has since reverted and the stock is now trading at $36 per share.  Mr. Hot Dog is considering diversifying his risk against any future losses and wants to buy NATH, Nathan’s Famous, as this stock has outperformed.  Which of the following are true regarding Mr. Hot Dog’s stock options? If he sells his KHC options today, he will have a short term capital gain of $6 a share.  If he sells his KHC options 9 months from now at its current trading price, he will have long term capital gains of $6 a share. If he sells his KHC options 9 months from now at its current trading price, he will have a negative AMT adjustment of $14 a share next year. If he sells his KHC options today, Kraft Foods Inc will not have a deductible expense related to the ISOs.

Neil terminated employment with Mule’s Bar and Grill (MBG) a…

Neil terminated employment with Mule’s Bar and Grill (MBG) after completing 5 years of service. MBG sponsors a 401(k) profit sharing plan with a dollar for dollar match up to 6% of compensation. During his employment, Neil deferred 6% of his salary in order to take full advantage of the match. His account balance totaled $50,000, of which $20,000 was attributable to MBG profit sharing contributions and $30,000 was attributable to Neil’s deferral contributions and the employer match on those deferral contributions. At this time, considering Neil has terminated employment and that MBG’s 401(k) profit sharing plan is not top-heavy and follows the least generous graduated vesting schedule permitted under PPA 2006, which applies to all employer contributions. What is Neil’s vested account balance in the 401(k) profit sharing plan?

Which of the following people cannot make a deductible contr…

Which of the following people cannot make a deductible contribution to a traditional IRA for 2023?   Person AGI Active Participant of Qualified Plan Marital Status 1 Elizabeth $60,000 Yes Married 2 Robert $54,000 Yes Single 3 Angele $270,000 No Single 4 Brenda $88,500 Yes Single  

Write an S and O portion of the SOAP note on the following p…

Write an S and O portion of the SOAP note on the following patient:   Dx: R TKA with manipulation   PT Goals: 1.)  Increase knee flexion to 125° 2.)  Increase knee extension to -5° 3.)  Increase quad strength to MMT grade of 4+/5 4.)  I gait without AD   Pt:  I had my knee manipulated this morning.  My dog is not feeling well today either.  I am in a lot of pain right now.  I started using my walker again because my leg feels weak.  My parents are on their way to town.   Exercise: Seated knee ROM for flexion and extension QS with tactile cues for VMO contraction   Knee flexion 109° after seated knee ROM

The number of days that Medicare covers care in hospitals an…

The number of days that Medicare covers care in hospitals and skilled nursing facilities is measured in what is termed “benefit periods.” A benefit period begins on the first day a patient receives services in a hospital or skilled nursing facility and ends after _____ consecutive days without further in-hospital or skilled care.

Annabelle, age 57, was recently diagnosed with cancer.  Due…

Annabelle, age 57, was recently diagnosed with cancer.  Due to the diagnosis, she retired and is currently updating her retirement and estate plans. Her son, Zeus, age 30, is the beneficiary of her IRA, with a current account balance $900,000. Zeus is a successful attorney in the 37% tax bracket.  Which of the following actions by Annabelle is likely to result in the greatest amount of wealth transfer to Zeus?