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a. Charlie uses the cash method and calendar year for tax purposes. Calculate Charlie's gross income for the current year. b. Suppose that Ajax agrees

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a. Charlie uses the cash method and calendar year for tax purposes. Calculate Charlie's gross income for the current year. b. Suppose that Ajax agrees to pay Charlie an additional $163,000 once Charlie completes five years of employment. Will this agreement alter Charlie's gross income this year relative to your part (a) answer? c. Suppose that in exchange for his promise to remain with the firm for the next four years, Ajax paid Charlie four years of director's fees in advance. Will this arrangement alter Charlie's gross income this year relative to your part (a) answer? d. Assume that in lieu of a year-end bonus Ajax transferred 1,340 shares of Bell stock to Charlie as compensation. Further assume that the stock was listed at $67 per share and Charlie would sell the shares by year-end, at which time he expected the price to be $70 per share. What would be the value of compensation and gain on sale which would be included in Chartle's gross income? c. Suppose that in exchange for his promise to remain with the firm for the next four years, Ajax paid Charlie four years of director's fees in advance. Will this arrangement alter Charlie's gross income this year relative to your part (a) answer? d. Assume that in lieu of a year-end bonus Ajax transferred 1,340 shares of Bell stock to Charlie as compensation. Further assume that the stock was listed at $67 per share and Charlie would sell the shares by year-end, at which time he expected the price to be $70 per share. What would be the value of compensation and gain on sale which would be included in Charlie's gross income? e. Suppose that in lieu of a year-end bonus Ajax made Charlie's house payments (a total of $29,300 ). What would be the value house payments which would be included in Charlie's gross income? Complete this question by entering your answers in the tabs below. Charlle uses the cash method and calendar year for tax purposes. Calculate Charlie's gross income for the current year

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