This dorm hosted its last set of students before being torn down in 2020.
What is Lafollete?
201: All of the following are relevant factors for calculating depreciation except one. Options: Salvage Value, Market Value, Cost, Depreciation Method, and Useful Life
What is Market Value?
While Purdue University no longer offers an Accounting Ph.D. program, two Ball State Accounting Professors graduated with a Ph.D. when it was still in place. These professors are
Who are Dr. Stan/Stanfield and Dr. Angelo?
This NFL Quarterback is the all-time leader in passing yards
Who is Tom Brady?
John is married to a spouse that he has not lived with at any point in the year. They would like to file Married Filing Joint but are unsure if that is allowed since they didn’t live together. Because of this, they have hired you to complete their 2023 tax returns. Based on the following income and deductions, calculate the appropriate federal taxable income for John’s/their return depending on your conclusion of their tax filing status:
Wages (John is the only one employed): $50,000
Interest from savings account: $2,000
Qualified dividends: $1,000
Rent paid: $3,000
Student loan interest paid: $1,500
Standard deduction for taxpayers:
Single - $13,850
MFJ - $27,700
MFS - $13,850
Head of Household - $20,800
What is John's Federal Taxable Income for the year?
Correct Answer: $23,800
Though the Ball Family is known for their creation of Ball State, they are also known for creating this product.
What are Ball Mason Jars?
301: An asset measured at fair value is a _ gain/loss. Options: Realized or Unrealized
What is an unrealized gain/loss?
Dr. Brasel received her doctorate degree in accounting from this university.
What is the University of Alabama (Roll Tide!!!)?
This state that starts with the letter "M" has a duck on their individual tax return
What is Minnesota?
The Ball Family had this many brothers...
5 (Lucius, William, Edmund, Frank, and George)
410: There was a nickname for the tax credit that was a loophole in the Alternative Fuel Mixture Credit. This credit was exploited by some companies in the forest products industry beginning in 2005.
What is the Black Liquor Tax Credit?
Dr. Singh is known for going to this restaurant on most Thursdays.
What is Roots?
(DAILY DOUBLE!!!) This sea creature's sound was recorded to create the sound of velociraptors in Jurassic Park
What are lobsters?
While Ball State was founded in 1918, it became Ball State University in the year _.
What is 1965?
430: These funds are sometimes referred to as income-determination, business-like, or commercial-type funds of a state or local government. Examples are enterprise funds and internal service funds.
What are Proprietary Funds?
This professor is known for telling their students that the students aren't special.
Who is Dr. Stan/Stanfield?
While the moon is currently able to block the entire sun 2 days a year, known as total solar eclipses, this will not always be the case due to the moon's orbit slowly drifting away from Earth. In _ years, this absence of total solar eclipses take place (relatively close answers will be accepted).
What is 600 million years?
(DAILY DOUBLE!!!) The Beneficence statue was created by Daniel Chester French, who is also famously known for creating another statue. This statue is...
What is The Abraham Lincoln Statue at the Lincoln Memorial in Washington, D.C.?
451: AAER stands for
Accounting and Auditing Enforcement Release
This professor's significant other operates within the Real Estate business.
Who is Dr. Huang or Sharon?
The shortest war in history was the Anglo-Zanzibar War which began in 1896. This war lasted for __ (relatively close answers will be accepted).
What is 38 minutes?