90 likes | 106 Views
FOR MORE CLASSES VISIT <br>www.acc547master.com<br><br>1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of<br>2. On July 1, 2016, Vega made a transfer by gift in an amount sufficient to require the filing of a gift tax return.
E N D
ACC 547 MASTER Successful Learning / acc547master.com • ACC 547 Final Exam Guide • FOR MORE CLASSES VISIT • www.acc547master.com • 1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of • 2. On July 1, 2016, Vega made a transfer by gift in an amount sufficient to require the filing of a gift tax return. Vega was still alive in 2016. • If Vega did not request an extension of time for filing the 2016 gift tax return, the due date for filing was
ACC 547 MASTER Successful Learning / acc547master.com • ACC 547 Week 1 Tax Research Paper • FOR MORE CLASSES VISIT • www.acc547master.com • Review two sources that discuss the different types of tax authority (specifically primary and secondary sources). • Createa 700- to 1,050-word (at least meet the minimum words) document that addresses the following:
ACC 547 MASTER Successful Learning / acc547master.com • ACC 547 Week 2 Getting Personal • FOR MORE CLASSES VISIT • www.acc547master.com • Introduction • Gross Income • Above the Line Deductions • Itemize Deductions • Personal Exemptions • Taxable Income • Tax Credits • Conclusion
ACC 547 MASTER Successful Learning / acc547master.com ACC 547 Week 3 Comprehensive Problem Machines Inc FOR MORE CLASSES VISIT www.acc547master.com Comprehensive Problem for Chapters 7 and 8. Sam Johnson started a small machine shop, Machines, Inc., in his garage and incorporated it in March of 2013 as a calendar-year corporation. At that time, he began using his personal computer and tools solely for the business as part of his contribution to the corporation.
ACC 547 MASTER Successful Learning / acc547master.com • ACC 547 Week 4 Jordan and Diana Diego (Score 85%) • FOR MORE CLASSES VISIT • www.acc547master.com • Jordan (SSN 150-66-7788) and Diana (SSN 150-67-4321) Diego are a married couple who reside at 111 Coral Drive in Miami, FL 33156. They have one dependent daughter, Emily (SSN 155-88-4321), age 18, who lives at home.
ACC 547 MASTER Successful Learning / acc547master.com • ACC 547 Week 5 Sales and Use Tax • FOR MORE CLASSES VISIT • www.acc547master.com • Sales and Use Tax: What is the Solution? • Introduction • Sales and Use Tax Laws • Should There Be a Federal Sales and Use Tax System? • Conclusion
ACC 547 MASTER Successful Learning / acc547master.com • ACC 547 Week 6 Godfreys Assets • FOR MORE CLASSES VISIT • www.acc547master.com • When Godfrey died in 2016, his assets were valued as follows: • Asset Date of death valuation Valuation six months later • Stocks $2,220,000 $2,180,000 • Bonds 4,600,000 4,620,000