Particulars | Amount |
Un employment compensation | $2,000 |
Salary | $55,000 |
Christmas Bonus cheque | $5,000 |
Gym Membership | $400 |
Corvette Cost | $50,000 |
Found Money | $8,000 |
Gambling winnings (27000+5000) | $32,000 |
Punitive damages lawsuit | $12,000 |
Dividends | $600 |
Savings account Interest | $300 |
Alimony | $3,000 |
Gross Total Income | $168,300 |
76. Consider the following letter and answer Shady's question. To my friendly student tax preparer: Hello,...
Shady Slim/Comprehensive Gross Income Problem To my friendly student tax preparer: Hello, my name is Shady Slim. I understand you are going to help me figure out my gross income for the year…whatever that means. It’s been a busy year and I’m a busy man, so let me give you the lowdown on my life and you can do your thing. I was unemployed at the beginning of the year and got $2,000 in unemployment compensation. I later got a...
To my friendly student tax preparer: Hello, my name is Shady Slim. I understand you are going to help me figure out my gross income for the year . . . whatever that means. It’s been a busy year and I’m a busy man, so let me give you the lowdown on my life and you can do your thing. I was unemployed at the beginning of the year and got $2,000 in unemployment compensation. I later got a job...
To my friendly student tax preparer: Hello, my name is Shady Slim. I understand you are going to help me figure out my gross income for the year . . . whatever that means. It’s been a busy year and I’m a busy man, so let me give you the lowdown on my life and you can do your thing. I was unemployed at the beginning of the year and got $2,000 in unemployment compensation. I later got a job...
Hello, my name is Shady Slim. I understand you are going to help me figure out my gross income for the year... whatever that means. It's been a busy year and I'm a busy man, so let me give you the lowdown on my life and you can do your thing I was unemployed at the beginning of the year and got $2,000 in unemployment compensation. I later got a job as a manager for Roca Cola. I earned $56,500...
Hello, my name is Iron Man. Thanks for volunteering to help me with my taxes for this year. My business manager says we should start with my Gross Income – whatever that means. I have had a pretty good year so I am excited to see what my tax return looks like. I got a promotion to manager for Thanos Infinity Chips Inc. in January. I earned $78,000 in base salary this year. I get a lot of fringe benefits...
QUESTION 2 (15 Points) Hello, my name is Iron Man. Thanks for volunteering to help me with my fans for this year. My business manager says we should start with my Gross Income -- whatever that means. I have had a pretty good year so I am excited to see what my tax return looks like I got a promotion to manager for Thanos Infinity Chips Ine. in January. I earned $78,000 in base salary this year. I get a...
Read the following letter and help Shady Slim with his tax situation. Please assume that his gross income is $172,900 (which consists only of salary) for purposes of this problem. December 31, 2019 To the friendly student tax preparer: Hi, it’s Shady Slim again. I just got back from my 55th birthday party, and I’m told that you need some more information from me in order to complete my tax return. I’m an open book! I’ll tell you whatever I...
Read the following letter and help Shady Slim with his tax situation. Please assume that his gross income is $172,900 (which consists only of salary) for purposes of this problem. December 31, 2019 To the friendly student tax preparer: Hi, it’s Shady Slim again. I just got back from my 55th birthday party, and I’m told that you need some more information from me in order to complete my tax return. I’m an open book! I’ll tell you whatever I...
Read the following letter and help Shady Slim with hls tax situation. Please assume that his gross Income Is $173,520 (which consists only of salary) for purposes of this problem. December 31, 2018 To the frlendly student tax preparer: HI·it's Shady Slim again. I just got back from my 55th birthday party, and I'm told that you need some more information from me In order to complete my tax return. I'm an open book! I'll tell you whatever think you...
Read the following letter and help Shady Slim with his tax situation. Please assume that his gross income is $172,900 (which consists only of salary) for purposes of this problem. December 31, 2015 To the friendly student tax preparer: Hi, it’s Shady Slim again. I just got back from my 55th birthday party, and I’m told that you need some more information from me in order to complete my tax return. I’m an open book! I’ll tell you whatever I...