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Question 22 (3.1 points) Saved Using the MACRS half-year convention depreciation table, calculate the...

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Question 22 (3.1 points) Saved Using the MACRS half-year convention depreciation table, calculate the second year of depreciation on machinery with a 7-year life, placed into service in your trade or business, on 1/1/2018 at a cost of $117,000 $28,653 $0 $117.000 $16,719 Question 23 (3.1 points) Saved Which of the following depreciation conventions are required when a business purchases greater than forty percent of its depreciable assets in the fourth quarter of its tax year? Mid-quarter convention Fourth-quarter convention Half-year convention None of the above. There is not such convention Question 24 (3.1 points) Saved Married Filing Joint (MFJ) taxpayers who combine to earn greater than $250,000 in compensation from working, pay an additional Medicare tax. The percentage is .9% 3.8% 92.35% 15.3%

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