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For more course tutorials visit www.tutorialoutlet.com 32) List the five types of filing status and briefly explain the requirements for the use of each one. 33) In which of the following cases may the taxpayer claim head of household filing status? a. The taxpayer is single and maintains a household which is the principal place of abode of her infant son. b. The taxpayer is single and maintains a household for herself and maintains a separate household which is the principal place of abode of her dependent widowed mother. c. The taxpayer is married from January to October and lived with his spouse from January to May. From June 1 to December 31, the taxpayer maintained a household that was the principal place of abode of his married son and daughter-in-law whom the taxpayer can claim as dependents. Same as (c) except the taxpayer lived with his ex-spouse until August and maintained the household for his married son and daughter-in-law from September 1 to the end of the year 38) Julio and Martina are engaged and are planning to travel to Las Vegas during the 2009 Christmas season and get married around the end of the year. In 2009, Julio expects to earn $45,000 and Martina expects to earn $15,000. Their employers have deducted the appropriate amount of withholding from their paychecks throughout the year. Neither Julio nor Martina has any itemized deductions. They are trying to decide whether they should get married on December 31, 2009 or on January 1, 2010. What do you recommend? Explain your answer (disregard the making work pay credit). Chapter 3: Problems 35, 36, & 42 35) Determine the amount of taxable income that should be reported by a cash-basis taxpayer in 2009 in each of the following independent cases. A taxpayer completes $500 of accounting services in December 2009 for a client who pays for the accounting work in January 2010. A taxpayer is in the business of renting computers on a short-term basis. On December 1, 2009, she rents a computer for a $200
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ACC 291 Entire Course (Uop) ACC 291 Entire Course (Uop) ACC 401 UOPCourseTutorial For more course tutorials visit www.tutorialoutlet.com
ACC 401 UOPCourseTutorial ACC 401 Week 1 Assignment Chapter 2 Problems 32, 33 & 38 For more course tutorials visit www.tutorialoutlet.com 32) List the five types of filing status and briefly explain the requirements for the use of each one.33) In which of the following cases may the taxpayer claim head of household filing status?a. The taxpayer is single and maintains a household which is the principal place of abode of her infant son.b. The taxpayer is single and maintains a household for herself and maintains a separate household which is the principal place of abode of her dependent widowed mother.
ACC 401 UOPCourseTutorial ACC 401 Week 1 Quiz For more course tutorials visit www.tutorialoutlet.com ACC 401 Week 1 Quiz
ACC 401 UOPCourseTutorial ACC 401 Week 2 Assignment Chapter 4 problem 53 and problem 55 For more course tutorials visit www.tutorialoutlet.com 53. Under the terms of a divorce decree executed May 1, 2008, Rob transferred a house worth $650,000 to his ex-wife, Linda, and was to make alimony payments of $3,000 per month. The property has a tax basis to Rob of $300,000.a. How much of this must be reported on Linda’s tax return?b. Of that amount, how much is taxable gain or loss that Linda must recognize related to the transfer of the house?
ACC 401 UOPCourseTutorial ACC 401 Week 2 Quiz For more course tutorials visit www.tutorialoutlet.com ACC 401 Week 2 Quiz
ACC 401 UOPCourseTutorial ACC 401 Week 3 Assignment Chapter 6 For more course tutorials visit www.tutorialoutlet.com 39. David is a college professor who does some consulting work on the side. He uses 25% of his home exclusively for the consulting practice. He is single and 63 years old. His AGI (without consideration of consulting income) is $45,000. Other information follows:Income from consulting business $4,000Consulting expenses other than home office 1,500Total costs relating to home: Interest and taxes 6,500Utilities 1,500
ACC 401 UOPCourseTutorial ACC 401 Week 3 Quiz For more course tutorials visit www.tutorialoutlet.com ACC 401 Week 3 Quiz
ACC 401 UOPCourseTutorial ACC 401 Week 4 Assignment Chapter 9, Problem 42 For more course tutorials visit www.tutorialoutlet.com 42. Tim and Martha paid $7,900 in qualified employment-related expenses for their three young children who live with them in their household. Martha received $1,800 of dependent care assistance from her employer, which was properly excluded from gross income. The couple had $57,000 of AGI earned equally by Tim and Martha. What amount of child and dependent care tax credit can they claim on their Form 1040? How would your answer differ (if at all) if the couple had AGI of $36,000 that was entirely earned by Tim?
ACC 401 UOPCourseTutorial ACC 401 Week 4 Quiz For more course tutorials visit www.tutorialoutlet.com ACC 401 Week 4 Quiz
ACC 401 UOPCourseTutorial ACC 401 Week 5 Final Paper Assignment For more course tutorials visit www.tutorialoutlet.com Q:Appendix APlease use this information for your Tax Return and Paper.*All people, businesses, and information are fictional. Any relation to an actual person or business is accidental.Harold PetersanSSN: 0XX-01-1XXXDate of Birth (DOB): 05/27/1975
