During 2017, Cassandra Albright, who is single, worked part-time at a doctor’s office and received a W-2. She also had a cash-basis consulting practice that had the following income and expenses:
Revenue $ 48,000 Laptop computer purchased 4/23/17 (§ 179 elected) 2,300 Travel 2,500 miles for business, 13,000 personal Supplies 500 Cell phone charge 540
Cassandra (SSN 412-34-5670) resides at 1400 Medical Street, Apt. 3A, Lowland, CA 92273. Professional code 622000.
Her W-2 shows the following: Wages $ 45,300 Federal withholding 4,983 Social security wages 45,300 Social security withholding 2,809 Medicare withholding 657 State withholding 2,265
Other income: 1099-INT Old Bank 2,300 1099-DIV Bake Co., Inc.—Ordinary dividends 3,100 Qualified dividends 3,100 Cassandra had the following itemized deductions: State income tax withholding $ 2,265 State income tax paid with the 2016 return 350 Real estate tax 3,450 Mortgage interest 12,300 Cassandra made two federal estimated payments of $7,000 each on April 15 and June 15. She had qualifying health care coverage at all times during the tax year.
Prepare Form 1040 for Cassandra for 2017, including Schedule A, Schedule B, Schedule C, Schedule SE and Form 4562. Use the appropriate Tax Tables (2017 Tax Table).
(Input all the values as positive numbers. Use Rounded values for tax computation. Do not round other intermediate computations. Round your final answers to nearest whole dollar and percentage values to two decimal places.)
Following are the answer.....
During 2017, Cassandra Albright, who is single, worked part-time at a doctor’s office and received a...
During 2021, Cassandra Albright, who is single, worked part-time at a doctor’s office and received a W-2. She also had a cash-basis consulting practice that had the following income and expenses:Revenue$ 53,000Laptop computer purchased 4/23/21 (§ 179 elected)3,300Travel: 2,500 miles for business, 13,000 personalSupplies500Cell phone charge960Cassandra (SSN 412-34-5670) resides at 1400 Medical Street, Apartment 3A, Lowland, CA 92273.Her W-2 shows the following:Wages$ 49,000Federal withholding5,200Social security wages49,000Social security withholding3,038Medicare withholding711State withholding2,265Other income:1099-INT Old Bank2,2001099-DIV Bake Company, Incorporated—Ordinary dividends3,500Qualified dividends3,500Cassandra had the...
Tax return problem
Tax Return Problem 2 In 2017, John and Shannon O'Banion, who live at 3222 Pinon Drive, Mesa, CO 81643, file as married filing jointly. John's social security number is 412-34-5670 (date of birth 5/12/1979), and Shannon's is 412- 34-5671 (date of birth 11/3/1981). John and Shannon had qualifying health care coverage at all times during the tax year John's W-2 contained the following information: Wages (box 1)$66,346.74 Federal W/H (box 2) S 6,583.85 Social security wages (box...
Tax Return Problem (please write steps) Jin Xiang is single and lives at 2468 North Lake Road in Lakeland, MN 56444. Her SSN is 412-34-5670. She worked the entire year for Lakeland Automotive. The Form W-2 from Lakeland contained information in the following boxes: Wages (box 1) = $ 42,851.89 Federal W/H (box 2) = $ 4,583.91 Social security wages (box 3) = $ 42,851.89 Social security W/H (box 4) = $ 2,656.82 Medicare wages (box 5) = $ 42,851.89...
If the print is too small I have provided
them here as well;
Jose and Maria Suarez are married and live at 9876 Main Street,
Denver, CO 80205. Jose’s SSN is 412-34-5670 and Maria’s SSN is
412-34-5671.
For the first five months of the year, Jose was employed by
Mountain Mortgage Company. The Form W-2 from Mountain Mortgage
contained information in the following boxes:
Wages (box 1)
=
$
35,028.52
Federal W/H (box 2)
=
$
3,746.89
Social security wages...
please help me with this question!!! I need all the schedule
fill it out and I don’t know how to do it; please help me !
Help Save& Exit Submit Check my work During 2018, Jason and Vicki Hurting, who are married with two children and fling jointly, had the following tak information Jason landscaping business, and Vicki works as a sales executive for a manufacturing business Jason (SSN 412-34-5670) and Vicki (SSN 412-34-5671) reside at 123 Bate Street, Bright,...
In 2016, John and Shannon O'Banion, who live at 3222 Pinon Drive, Mesa, CO 81643, file as married filing jointly. John's social security number is 412-34-5670 (date of birth 5/12/1978), and Shannon’s is 412-34-5671 (date of birth 11/3/1980). John and Shannon had qualifying health care coverage at all times during the tax year. John’s W-2 contained the following information: Wages (box 1) = $ 66,346.74 Federal W/H (box 2) = $ 6,583.85 Social security wages (box 3) = $ 66,346.74...
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Tax Return Problem 1 Elise Dubois is single, has no dependents, and lives at 55855 Ridge Drive in Lafayette, LA 70593. His social security number is 412-34-5670 (date of birth 3/15/1976). Elise had qualifying health care coverage at all times during the tax year. Her W-2 contained the following information: Wages (box 1)$48,965.25 Federal W/H (box 2) $ 5,043.40 Social security wages (box 3) $48,965.25 Social security W/H (box 4)$ 3,035.85 Medicare wages (box 5)$48,965.25 Medicare W/H...
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Problem 10-1A On January 1, 2017, the ledger of Ivanhoe Company contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $42,900 6,800 19,400 During January, the following selected transactions occurred. Jan. 1 5 12 14 20 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. Sold merchandise for cash totaling $7,420, which includes 6% sales taxes. Performed services for customers who had made advance payments of $10,200. (Credit Service Revenue.) Paid state treasurer's...
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Tax Return Problem 3 Keisha Sanders, a divorced single taxpayer and practicing attorney, lives at 9551 Oak Lane in Menifee, CA 92584. Her social security number is 412- 34-5670 (date of birth 2/27/1973). Keisha had qualifying health care coverage at all times during the tax year. Her W-2 contained the following information: 390 Wages (box 1)$84,601.55 Federal W/H (box 2) $9,898.38 Social security wages (box 3) $84,601.55 Social security W/H (box 4)S 5,245.30 Medicare wages (box 5)$84,601.55...