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ANSWER
As per the given question,
OPTION-C is correct
DEDUCTIBLE ATTORNEY FEES FOR ACTIONS INVOLVING CERTAIN UNLAWFUL DISCRIMINATION CLAIMS is a write -in-adjustment on form 1040, line 36
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which of the following is a right in adjustment on schedule
one line 36
Question 5...
1) Which of the following is NEVER deductible on Schedule A? A) Home mortgage interest paid...
1) Which of the following is NEVER deductible on Schedule A? A) Home mortgage interest paid on a second home. B) Interest paid on money borrowed to buy stock for an investment portfolio. C) "Points" paid in advance at the time of securing a mortgage for a taxpayer's main residence. D) Credit card interest paid on personal purchases 2) A self-employed taxpayer may be eligible to deduct amounts paid for medical insurance for themselves and for their families. To claim...
Question 63 of 75. Yolanda (41), a freelance photographer, reports a net profit of $50,000 on...
Question 63 of 75. Yolanda (41), a freelance photographer, reports a net profit of $50,000 on Schedule C, Profit or Loss from Business. This is her only income. How much is Yolanda's self-employment tax? $3,825 $7,065 $7,650 O $11,000 Question 65 of 75. A self-employed taxpayer may be eligible to deduct amounts paid for medical insurance for themselves and for their families. To claim this deduction, a qualifying taxpayer should: Claim a nonrefundable tax credit based on the cost of...
1. Sue is a self-employed. Her net profit from the self-employment in 2018 is $150,000. What’s...
1. Sue is a self-employed. Her net profit from the self-employment in 2018 is $150,000. What’s her deductible portion of SE tax on line 27 of Schedule 1? a) $11,475 b) $10,597 c) $ 9,969 d) $ 9,823 2. Young is single and self-employed. His net profit from the business is $100,000. His SE tax on Schedule SE is $14,130. He contributed $6,000 to his self-employed SEP IRA account. He also paid $7,800 self-employed health insurance premium in 2018. What...
help me with 15-20 and also the schedule 1 form with the blanks that have 10,...
help me with 15-20 and also the schedule 1 form with the blanks
that have 10, 21, 22, 31a, and 36
Note: This problem is for the 2018 tax year. Alfred E. Old and Beulah A. Crane, each age 42, married on September 7, 2016. Alfred and Beulah will file a joint return for 2018. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "old" as her married name. They live at 211 Brickstone...
Question 14 Which of the following items is not tax-deductible by the taxpayer in 2019 on...
Question 14 Which of the following items is not tax-deductible by the taxpayer in 2019 on Schedule A (total allowable itemized deductions) as an education-related expense that is part of the taxpayer's miscellaneous itemized deduction subject to the 2%-of-AGI floor) ? 1) Certain education-related transportation and travel costs 2) Tuition, books, supplies, lab fees, and similar items 3) Costs of research and typing when writing a paper as part of an educational program 4) All of the above are not...
federal income tax question Question 10 of 15. Hailee makes the following contributions in 2019 (all...
federal income tax question
Question 10 of 15. Hailee makes the following contributions in 2019 (all of which she can substantiate): Goodwill, clothing she bought for $950 with a FMV of $310. Salvation Army, automobile, FMV of $750, sold for $700. YWCA, 200 volunteer miles. Nonprofit cemetery, $500 for care of her grandfather's crypt, Qualified exchange student, $1,000 during four months for the well. being of the student. How much will she be able to deduct for contributions on Schedule...
Marc and Michelle are married and earned salaries this year of $74,000 and $15,750, respectively. In...
Marc and Michelle are married and earned salaries this year of
$74,000 and $15,750, respectively. In addition to their salaries,
they received interest of $350 from municipal bonds and $1,750 from
corporate bonds. Marc contributed $3,750 to an individual
retirement account, and Marc paid alimony to a prior spouse in the
amount of $2,750. Marc and Michelle have a 10-year-old son,
Matthew, who lived with them throughout the entire year. Thus, Marc
and Michelle are allowed to claim a $2,000...
complete a 1040 (2019) Donna Jones, an administrative assistant. resides at 123 Main Street, Lawrenceville, NJ...
complete a 1040 (2019)
Donna Jones, an administrative assistant. resides at 123 Main Street, Lawrenceville, NJ V0048. She is single and has no dependents. Her social security number is 123-44-5500. She received $26,159.00 in wages and had $2.200.00 of federal income tax withheld during 2019. Donna also had $390.00 in interest income from her bank account and made $150.00 of charitable contributions during the year. Prepare her 2019 1040. One box UTU Treasury Internal Revenue Service ) U.S. Individual Income...
22. Which one of the following is TRUE? Only you (not your employer) pay your Social...
22. Which one of the following is TRUE? Only you (not your employer) pay your Social Security tax. b. Both your earned and uneared income is taxed for Social Security c. There is a cap on the amount of your earned income that is taxed for Medicare. There is a cap on the amount of your earned income that is taxed for Social Security. e. None of the above are TRUE. 23. Which one of the following is TRUE about...
Required information [The following information applies to the questions displayed belowj John and Sandy Ferguson got...
Required information [The following information applies to the questions displayed belowj John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In 2018, John worked as a computer technician at a local university earning a salary of $153,500, and Sandy worked part-time as a receptionist for a law firm earning a salary of $30,500. John also does some Web design work on the side and reported revenues of $5,500 and associated expenses of $1,500. The...
Question 63 of 75. Yolanda (41), a freelance photographer, reports a net profit of $50,000 on Schedule C, Profit or Loss from Business. This is her only income. How much is Yolanda's self-employment tax? $3,825 $7,065 $7,650 O $11,000 Question 65 of 75. A self-employed taxpayer may be eligible to deduct amounts paid for medical insurance for themselves and for their families. To claim this deduction, a qualifying taxpayer should: Claim a nonrefundable tax credit based on the cost of...
help me with 15-20 and also the schedule 1 form with the blanks
that have 10, 21, 22, 31a, and 36
Note: This problem is for the 2018 tax year. Alfred E. Old and Beulah A. Crane, each age 42, married on September 7, 2016. Alfred and Beulah will file a joint return for 2018. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "old" as her married name. They live at 211 Brickstone...
federal income tax question
Question 10 of 15. Hailee makes the following contributions in 2019 (all of which she can substantiate): Goodwill, clothing she bought for $950 with a FMV of $310. Salvation Army, automobile, FMV of $750, sold for $700. YWCA, 200 volunteer miles. Nonprofit cemetery, $500 for care of her grandfather's crypt, Qualified exchange student, $1,000 during four months for the well. being of the student. How much will she be able to deduct for contributions on Schedule...
Marc and Michelle are married and earned salaries this year of
$74,000 and $15,750, respectively. In addition to their salaries,
they received interest of $350 from municipal bonds and $1,750 from
corporate bonds. Marc contributed $3,750 to an individual
retirement account, and Marc paid alimony to a prior spouse in the
amount of $2,750. Marc and Michelle have a 10-year-old son,
Matthew, who lived with them throughout the entire year. Thus, Marc
and Michelle are allowed to claim a $2,000...
complete a 1040 (2019)
Donna Jones, an administrative assistant. resides at 123 Main Street, Lawrenceville, NJ V0048. She is single and has no dependents. Her social security number is 123-44-5500. She received $26,159.00 in wages and had $2.200.00 of federal income tax withheld during 2019. Donna also had $390.00 in interest income from her bank account and made $150.00 of charitable contributions during the year. Prepare her 2019 1040. One box UTU Treasury Internal Revenue Service ) U.S. Individual Income...
22. Which one of the following is TRUE? Only you (not your employer) pay your Social Security tax. b. Both your earned and uneared income is taxed for Social Security c. There is a cap on the amount of your earned income that is taxed for Medicare. There is a cap on the amount of your earned income that is taxed for Social Security. e. None of the above are TRUE. 23. Which one of the following is TRUE about...
Required information [The following information applies to the questions displayed belowj John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In 2018, John worked as a computer technician at a local university earning a salary of $153,500, and Sandy worked part-time as a receptionist for a law firm earning a salary of $30,500. John also does some Web design work on the side and reported revenues of $5,500 and associated expenses of $1,500. The...
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