Prime Supply Mine (LLC) purchased a silver deposit for $1.5 million. It estimated it would extract 500,000 ounces of silver from the deposit. Prime Supply mined the silver and sold it, reporting gross receipts of $1 million, $2.5 million, and $2 million for years 1-3 respectively. During years 1-3, Prime Supply reported net income (loss) from the silver deposit activity in the amount of $100,000, $300,000, and $1,000,000, respectively. The applicable percentage depletion for silver is 15%.  In years 1-3, Prime Supply actually extracted 300,000 ounces of silver as follows: What is Prime Supply’s depletion expense for year 2?

The nurse is caring for a client with chronic heart failure admitted with an acute exacerbation. Which finding should the nurse prioritize in determining the severity of the client’s heart failure?

A client is prescribed modafinil what instruction should the nurse provide to the client?

Triton Corp. (an S corp) had $450,000 of income. Brittany is 100% owner and her ordinary tax rate is 32% (assume all income on her return is taxed at 32%). What is the effective tax rate on Triton Corp.’s income? Make sure to incorporate the 20% QBI deduction in your analysis but ignore any self-employment tax.

A client is diagnosed with hypertension is being discharged on an oral antihypertensive medication. The nurse should include what teaching in the discharge instructions?

A client has chest tube placed following diagnosis of a tension pneumothorax. What would indicate an appropriately functioning chest tube?

Triton Corp. (a C corp) had $450,000 of income. All after-tax earnings are distributed to Brittany (who owns 100% of the company) as a dividend, who is taxed on those dividends at 23.8%. What is the effective tax rate on Triton Corp.’s income? Recall, effective tax rate is calculated by dividing total tax paid (from corporation and shareholder) by the corporation’s total income. 

Richard is a single individual who is employed full-time. This year, Richard has AGI of $19,000 and has incurred the following medical expenses:             Dentist Charges                      $500             Over the Counter drugs          $100             Cost of eyeglasses                   $550             Medical Insurance Premiums $950             Elective cosmetic surgery       $1,500 What amount of medical expenses (after any limitations) will be included in Richard’s itemized deductions?

A 65-year-old is recovering from Shingles. What discharge information should the nurse provide to this client?

Opal fell on the ice and injured her hip during 2024. As a result, she paid $3,000 for a visit to the hospital emergency room and $750 for follow-up visits with her doctor in 2024. While she recuperated, Opal incurred $600 for prescription medicine that she charged on her credit card on December 5, 2024. She paid the credit card bill on January 30, 2025. Opal also incurred $500 physical therapy in December of 2024. Opal received her bill for the physical therapy on December 20, 2024 and paid that bill with a check on January 10, 2025. On December 10, 2024, Opal’s insurance reimbursed her $1,200 out of the $3,000 for the hospital emergency room visit. What is the amount of Opal’s deductible medical expense before considering any AGI limitations for 2024?