If the beginning balance in OAA is $ 3,900, and the following transactions occur, what is the

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If the beginning balance in OAA is $ 3,900, and the following transactions occur, what is the ending OAA balance?
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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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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