Prepare Form 1040 for 2017, Pages 1 and 2 Schedules A, B, C, and SE.
Be sure to provide the income tax calculation for line 44. Be sure to answer all questions and fill in all lines that are necessary.
HINT: AGI is 106,718. Taxable income is 67,418.
Homework Answers
Of the total taxable income qualified dividends (1,200) plus capital gain distribution (7,600) are taxed at 0%. and the balance 58,918 is taxable at regular rate schedule. on the tax table of 2017 for filing joint taxpayers tax applicable for 58,918 is 7,906
Add Answer to:
Prepare Form 1040 for 2017, Pages 1 and 2
Schedules A, B, C, and SE.
Be...
Federal taxation HELP please 1040 form and schedules for 2017 tax return Alice Johnson, Social Se...
federal taxation HELP please 1040 form and schedules for 2017 tax return Alice Johnson, Social Security number 222-23-3334, is a single taxpayer and is employed as a secretary by State University of Florida. She has the following items pertaining to her income tax return for the current year: Received a $30,000 salary from her employer, who withheld $4,200 federal income tax. . Received a gift of 1,000 shares of Ace Corporation stock with a $100,000 FMV from her mother. She...
need to prepare for 2019 form 1040, schedule b and schedule 1 please. my professor said...
need to prepare for 2019 form 1040, schedule b and schedule 1
please. my professor said to use $11277 for the federal tax
withheld
1:3-59 TAX FORM/RETURN PREPARATION PROBLEM Sally W. Emanual, a teacher, had the following dividends and interest during the year: Acorn Corporation bond interest S 700 City of Boston bonds interest 1,000 Camp Bank interest 1,250 Jet Corporation dividend (qualified) 1,300 North Mutual fund Capital gain distribution 100 Ordinary dividend (qualified) 150 Nontaxable distribution 200 450 Blue...
I need Form 1040 (2018), Schedule 1, Schedule B, and Schedule A check figure - Taxable...
I need Form 1040 (2018), Schedule 1, Schedule B, and Schedule
A
check figure - Taxable Income $36,012
you
can do only Form 1040 and Schedule 1 for year 2018
7-61 Alice Johnson, Social Security number 222-23-3334, is a single taxpayer and is employed as a secretary by State University of Florida. She has the following items pertaining to her income tax return for the current year: • Received a $30,000 salary from her employer, who withheld $4,200 federal income...
Use the information provided below to Prepare Schedule C and Form 4562 for tax year 2017....
Use the information provided below to Prepare Schedule C and
Form 4562 for tax year 2017.
Prepare Schedule C and Form 4562 for tax year 2017 using above
information and the forms below
See attached tax form links below:
https://www.irs.gov/pub/irs-pdf/f1040sc.pdf
https://www.irs.gov/pub/irs-pdf/f4562.pdf
Hints: total depreciation is $19,931 and net profit (line 31) is
$101,465. Do not worry if you are a few dollars off due to
rounding.
Also, calculate the self-employment tax on this income. The
taxpayer does not have any...
using the information fill out the 1040 tax form 1:9-72 George Large (SSN 000-11-1111) and his...
using the information fill out the 1040 tax form
1:9-72 George Large (SSN 000-11-1111) and his wife Marge Large (SSN 000-22-2222) live at 2000 Lakeview Drive, Cleveland, OH 49001 and want you to prepare their 2017 income tax return based on the information below: George Large worked as a salesman for Toyboat, Inc. He received a salary of $80,000 ($8,500 of federal income taxes withheld and $1,800 of state income taxes withheld) plus an expense reimbursement from Toyboat of $5,000...
Complete Form 1040, Schedule 1, Schedule C, Schedule D, Form 8949 Instructions Comprehensive Problem 3-1 Ken...
Complete Form 1040, Schedule 1, Schedule C, Schedule D,
Form 8949
Instructions Comprehensive Problem 3-1 Ken (birthdate July 1, 1988) and Amy (birthdate July 4, 1990) Booth have brought you the following information regarding their income, expenses, and withholding for the year. They are unsure which of these items must be used to calculate taxable income. Income: Ken's salary (salesman) $28,500 Amy's wages (part-time nurse) 17,500 Insurance reimbursement for repairs from an auto accident 500 Gift from Uncle George 2,000...
Please answer all the questions. Thanks. Based on Exhibit 4-2, Form 1040. Please see attached Forms1040...
Please answer all the questions.
Thanks.
Based on Exhibit 4-2, Form 1040. Please see attached Forms1040 for 2018 and 2017. Note three similarities and three differences between the 2017 tax form and the 2018 draft form 1040 Three differences: 2. 3. Three similarities: 2. 3. Comment 1040U, Individual Income Tax Retum21sr Home addressnuber and str you have a PO bex, see instrutions 1 Single Mamied fling jointly leven if only ane had income Check only one3Married fling separately. Enter spouse's...
Prepare Statements of Cash Flow for W&B for (1) 2017 forecast and (2) actual 2017 results...
Prepare Statements of Cash Flow for W&B for (1) 2017 forecast and (2) actual 2017 results (You can use the format provided and discussed in class. Pay attention to the footnotes.) Next to each item provide an explanation for deviation between actual and forecast. 1. Exhibit 1: Balance Sheets as of December 31 Forecast 2017 $40,000 228,000 300,000 $568,000 Actual 2017 $42,700 278,200 ASSETS Cash Receivables, net Inventory* Actual 2016 $83,700 198,100 265 300 $547,100 Current Assets 825,500 148,500 17,000...
23. What is the total net amount of capital gain reported on Form 1040? OA. $308...
23. What is the total net amount of capital gain reported on
Form 1040? OA. $308 OB. $2,411 C. $2,719 OD. $2,900
Advanced Scenario 7: Mark and Barbara Matthews Directions Using the tax software, complete the tax return, including Form 1040 and all appropri- ate forms, schedules, or worksheets. Answer the questions following the scenario. Note: When entering Social Security numbers (SSNs) or Employer Identification Numbers (EINS), replace the Xs as directed, or with any four digits of your choice....
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...
federal taxation HELP please 1040 form and schedules for 2017 tax return Alice Johnson, Social Security number 222-23-3334, is a single taxpayer and is employed as a secretary by State University of Florida. She has the following items pertaining to her income tax return for the current year: Received a $30,000 salary from her employer, who withheld $4,200 federal income tax. . Received a gift of 1,000 shares of Ace Corporation stock with a $100,000 FMV from her mother. She...
need to prepare for 2019 form 1040, schedule b and schedule 1
please. my professor said to use $11277 for the federal tax
withheld
1:3-59 TAX FORM/RETURN PREPARATION PROBLEM Sally W. Emanual, a teacher, had the following dividends and interest during the year: Acorn Corporation bond interest S 700 City of Boston bonds interest 1,000 Camp Bank interest 1,250 Jet Corporation dividend (qualified) 1,300 North Mutual fund Capital gain distribution 100 Ordinary dividend (qualified) 150 Nontaxable distribution 200 450 Blue...
I need Form 1040 (2018), Schedule 1, Schedule B, and Schedule
A
check figure - Taxable Income $36,012
you
can do only Form 1040 and Schedule 1 for year 2018
7-61 Alice Johnson, Social Security number 222-23-3334, is a single taxpayer and is employed as a secretary by State University of Florida. She has the following items pertaining to her income tax return for the current year: • Received a $30,000 salary from her employer, who withheld $4,200 federal income...
Use the information provided below to Prepare Schedule C and
Form 4562 for tax year 2017.
Prepare Schedule C and Form 4562 for tax year 2017 using above
information and the forms below
See attached tax form links below:
https://www.irs.gov/pub/irs-pdf/f1040sc.pdf
https://www.irs.gov/pub/irs-pdf/f4562.pdf
Hints: total depreciation is $19,931 and net profit (line 31) is
$101,465. Do not worry if you are a few dollars off due to
rounding.
Also, calculate the self-employment tax on this income. The
taxpayer does not have any...
using the information fill out the 1040 tax form
1:9-72 George Large (SSN 000-11-1111) and his wife Marge Large (SSN 000-22-2222) live at 2000 Lakeview Drive, Cleveland, OH 49001 and want you to prepare their 2017 income tax return based on the information below: George Large worked as a salesman for Toyboat, Inc. He received a salary of $80,000 ($8,500 of federal income taxes withheld and $1,800 of state income taxes withheld) plus an expense reimbursement from Toyboat of $5,000...
Complete Form 1040, Schedule 1, Schedule C, Schedule D,
Form 8949
Instructions Comprehensive Problem 3-1 Ken (birthdate July 1, 1988) and Amy (birthdate July 4, 1990) Booth have brought you the following information regarding their income, expenses, and withholding for the year. They are unsure which of these items must be used to calculate taxable income. Income: Ken's salary (salesman) $28,500 Amy's wages (part-time nurse) 17,500 Insurance reimbursement for repairs from an auto accident 500 Gift from Uncle George 2,000...
Please answer all the questions.
Thanks.
Based on Exhibit 4-2, Form 1040. Please see attached Forms1040 for 2018 and 2017. Note three similarities and three differences between the 2017 tax form and the 2018 draft form 1040 Three differences: 2. 3. Three similarities: 2. 3. Comment 1040U, Individual Income Tax Retum21sr Home addressnuber and str you have a PO bex, see instrutions 1 Single Mamied fling jointly leven if only ane had income Check only one3Married fling separately. Enter spouse's...
Prepare Statements of Cash Flow for W&B for (1) 2017 forecast and (2) actual 2017 results (You can use the format provided and discussed in class. Pay attention to the footnotes.) Next to each item provide an explanation for deviation between actual and forecast. 1. Exhibit 1: Balance Sheets as of December 31 Forecast 2017 $40,000 228,000 300,000 $568,000 Actual 2017 $42,700 278,200 ASSETS Cash Receivables, net Inventory* Actual 2016 $83,700 198,100 265 300 $547,100 Current Assets 825,500 148,500 17,000...
23. What is the total net amount of capital gain reported on
Form 1040? OA. $308 OB. $2,411 C. $2,719 OD. $2,900
Advanced Scenario 7: Mark and Barbara Matthews Directions Using the tax software, complete the tax return, including Form 1040 and all appropri- ate forms, schedules, or worksheets. Answer the questions following the scenario. Note: When entering Social Security numbers (SSNs) or Employer Identification Numbers (EINS), replace the Xs as directed, or with any four digits of your choice....
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...
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