Enter Title

Agency

100

An employer is liable for torts of its employees under...

doctrine of respondeat superior

200

This legal relationship requires that the principal have capacity and consent to the agreement, does not require a writing or consideration, and can exist even if the agent is a minor or mentally incompetent.

Agency Relationship

300

The Agent owes what implied duties to the principal

LORA

Duty of Loyalty, Duty of obedience, duty of reasonable care, and duty to account

400

Principals Remedies

Recovery of secret profits (constructive trust) and withhold compensation 

500

Situation when principal does not have the power or right to terminate the agency 

Agency coupled with an interest

nonrefundable Credit amounts

100

child and dependent care credit (max amount) 

3,000 one qual person, 6,000 two or more qual people

200

American opportunity tax credit 

$2,500

300

Lifetime learning credit 

2,000 (20% of qualified expenses up to 10,000)

400

foreign tax credit

no limit, lesser of foreign taxes paid or (TI foreign/total TI)*U.S tax rate

500

Retirement savings contributions credit (max amount)

2,000 per taxpayer 

refundable credits

100

child tax credit 

2,000 per qual child

200

refundable credit that helps eligible individuals and families with low income afford health insurance purchased through a health insurance marketplace

premium tax credit 

300

Estimated Taxes % withholdings 

- 90% of current

-100% of prior

exception: AGI over 150,000 withhold 110% of prior

400

Net investment income tax: 3.8% is imposed on the lessor of:

- net investment income

-excess AGI over the threshold amount

500

Employee who had excess SS tax withheld can claim credit if excess resulted from 

two or more employers

Blaw

100

the sharing of liabillity on a pro-rata basis among co-sureties

contribution

200

Act that will always result in total release of a compensated surety

the principal debtors performance is tendered

300

an agreement between a debtor and at least two creditors that the creditors will take less than full payment to discharge the debts owed 

composition of creditors

400

order by the court to a sheriff to seize a persons property

writ of attachment

500

right a surety has by which they succeeds to the creditors rights against the principle when surety pays the principals obligations

subrogation

Forms

100

individual 

1040

200

Partnership form 

1065

300

S Corp 

1120 S

400

rental income 

schedule E

500

for partners proportion of stuff

K-1