Nicole has salary income of $175,000. She is not married and provides more than 50% support of her best friend. What is Nicole's tax liability? (rounded)
A. |
None of the other amounts |
|
B. |
$56,000 |
|
C. |
$33,104 |
|
D. |
$31,604 |
|
E. |
$39,024 |
Calculate Sam’s taxable income based on the following information: Sam earned $125,500 in salary, $650 of interest from a saving account, lost $2,000 on the sale of his car (personal use only) and $5,500 of municipal bond interest. Sam is single has no dependents and his itemized deductions totaled $9,500
A. |
$116,650 |
|
B. |
$113,750 |
|
C. |
117,250 |
|
D. |
$111,750 |
|
E. |
$115,250 |
Nicole has salary income of $175,000. She is not married and provides more than 50% support...
60 QUESTION 6 61 62 63 64 65 66 Calculate Sam's taxable income based on the following information: Sam earned $125,500 in salary, $650 of interest from a saving account, lost $2,000 on the sale of his car (personal use only) and $5,500 of municipal bond interest. Sam is single has no dependents and his itemized deductions totaled $9,500 67 68 69 O A. $111,750 . OB. $113,750 OC. $115,250 OD. 117.250 E. $116,650 PAI
QUESTION 5 Nicole has salary income of $175,000. She is not married and provides more than 50% support of her best friend. What is Nicole's tax liability? (rounded) A. $31,604 B. None of the other amounts O C. $33,104 ge OD. $56,000 TUI O E. $39,024 $2 b es
Problem 3-37 (LO. 1, 2, 3, 4, 5, 6, 8) Morgan (age 45) is single and provides more than 50% of the support of Rosalyn (a family friend, age 36), Flo (a niece, age 18), and Jerold (a nephew, age 18). Both Rosalyn and Flo live with Morgan, but Jerold (a citizen of France) lives in Canada. Morgan earns a $95,000 salary, contributes $5,000 to a traditional IRA, and receives sales proceeds of $15,000 for an RV that cost $60,000...
Comprehensive Income Tax Course: Module 1 4. Randy turned 16 last year and had his first summer job. Even though his parents are claiming him as a dependent he wants to file a return in order to get his refund. He receives his W-2 and decides he can do his own return using form 1040-EZ. Which of the following information is not found on a Form W-2? a) The taxpayer’s Social Security number b) The taxpayer’s wages, tips and other...