If the beginning balance in OAA is $ 3,900, and the following transactions occur, what is the
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Depreciation recapture = $ 21,000
Payroll tax penalty =$ 4,200
Tax-exempt interest =$ 5,300
Nontaxable life insurance proceeds = $ 50,000
Insurance premiums paid (nondeductible) = $ 2,800
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Computation of the OAA Ending Balance Openin...View the full answer
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Related Book For 
South Western Federal Taxation 2018 Essentials Of Taxation Individuals And Business Entities
ISBN: 9781337386173
21st Edition
Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
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