Ch. 4/Study Guide - Assignment Problems ( An 580.000 bonus is includin t will be paid Jay 18, next year (8) Included in the cost of goods sold is $50.000 incurred for the purpose of earning exempt income (h) On January 1 of the current year. Duncan d paid $100.000 to one of its tenants to cancela rental le areement because al these for its own bus Operations The amount has been included in the rent expense figure. The lease of property commenced on January 1 and had five years remaining at that time. Mr. Duncan has asked you to calculate the company's income from a business for tax purposes for the year ended June 30. Ch. 4/Study Guide - Assignment Problems ( An 580.000 bonus is includin t will be paid Jay 18, next year (8) Included in the cost of goods sold is $50.000 incurred for the purpose of earning exempt income (h) On January 1 of the current year. Duncan d paid $100.000 to one of its tenants to cancela rental le areement because al these for its own bus Operations The amount has been included in the rent expense figure. The lease of property commenced on January 1 and had five years remaining at that time. Mr. Duncan has asked you to calculate the company's income from a business for tax purposes for the year ended June 30