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FOR MORE CLASSES VISIT<br>www.acc401tutor.com<br><br>ACC 401 Week 1 Assignment Chapter 2 Problems 32, 33 & 38<br>ACC 401 Week 2 Assignment Chapter 4 problem 53 and problem 55<br>ACC 401 Week 3 Assignment Chapter 6<br>ACC 401 Week 4 Assignment Chapter 9, Problem 42 problem 49<br>ACC 401 Week 5 Final Paper Assignment <br>ACC 401 Week 1 Quiz<br>ACC 401 Week 2 Quiz<br>ACC 401 Week 3 Quiz<br>ACC 401 Week 4 Quiz
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ACC 401 tutor Absolute Tutors ACC 401 Entire Course FOR MORE CLASSES VISIT www.acc401tutor.com ACC 401 Week 1 Assignment Chapter 2 Problems 32, 33 & 38 ACC 401 Week 2 Assignment Chapter 4 problem 53 and problem 55 ACC 401 Week 3 Assignment Chapter 6 ACC 401 Week 4 Assignment Chapter 9, Problem 42 problem 49 ACC 401 Week 5 Final Paper Assignment ACC 401 Week 1 Quiz ACC 401 Week 2 Quiz ACC 401 Week 3 Quiz ACC 401 Week 4 Quiz
ACC 401 tutor Absolute Tutors ACC 401 Week 1 Assignment Chapter 2 Problems 32, 33 & 38 (UOP) FOR MORE CLASSES VISIT www.acc401tutor.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.
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ACC 401 tutor Absolute Tutors ACC 401 Week 2 Assignment Chapter 4 problem 53 and problem 55 (UOP) FOR MORE CLASSES VISIT www.acc401tutor.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? 54. Under the alimony recapture rules, what amounts are designated for recapture reclassification, and what are the tax consequences?
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ACC 401 tutor Absolute Tutors ACC 401 Week 3 Assignment Chapter 6 (UOP) FOR MORE CLASSES VISIT www.acc401tutor.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 $4,000 Consulting expenses other than home office 1,500 Total costs relating to home: Interest and taxes 6,500 Utilities 1,500 Maintenance and repairs 450 Depreciation (business part only) 1,500
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ACC 401 tutor Absolute Tutors ACC 401 Week 4 Assignment Chapter 9, Problem 42 problem 49 (UOP) FOR MORE CLASSES VISIT www.acc401tutor.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?
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ACC 401 tutor Absolute Tutors ACC 401 Week 5 Final Paper Assignment (UOP) FOR MORE CLASSES VISIT www.acc401tutor.com Q:Appendix A Please 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 Petersan SSN: 0XX-01-1XXX Date of Birth (DOB): 05/27/1975 Gross Pay: $51,750 401(k) contributions: $4,140 Healthcare costs (payroll deductions): $1347 Reported wages: $46,263 Social Security Wages: $50,403