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ACC 401 Empower Learning/ indigohelp

List the five types of filing status and briefly explain the requirements for the use of each one.<br> <br>33) In which of the following cases may the taxpayer claim head of household filing status?<br> <br>a. The taxpayer is single and maintains a household which is the principal place of abode of her infant son.<br>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.<br>

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ACC 401 Empower Learning/ indigohelp

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  1. ACC 401 Empower Learning/ indigohelp

  2. ACC 401 Empower Learning/ indigohelp ACC 401 Educational Tutor/ indigohelp ACC 401 Week 1 Assignment Chapter 2 Problems 32 33 38 ACC 401 Week 1 Quiz For more classes visit www.indigohelp.com ACC 401 Week 1 Quiz • For more classes visit • www.indigohelp.com • 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.

  3. ACC 401 Empower Learning/ indigohelp ACC 401 Educational Tutor/ indigohelp ACC 401 Week 2 Assignment Chapter 4 problem 53 and problem 55 ACC 401 Week 2 Quiz For more classes visit www.indigohelp.com ACC 401 Week 2 Quiz • For more classes visit • www.indigohelp.com • 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? • 55. Indicate whether each of the following items is considered a for AGI, (above-the line) deduction for the 2009 tax year.

  4. ACC 401 Empower Learning/ indigohelp ACC 401 Educational Tutor/ indigohelp ACC 401 Week 3 Assignment Chapter 6 ACC 401 Week 3 Quiz For more classes visit www.indigohelp.com ACC 401 Week 3 Quiz • For more classes visit • www.indigohelp.com • 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

  5. ACC 401 Empower Learning/ indigohelp ACC 401 Educational Tutor/ indigohelp ACC 401 Week 4 Assignment Chapter 9, Problem 42 problem 49 ACC 401 Week 4 Quiz For more classes visit www.indigohelp.com ACC 401 Week 4 Quiz • For more classes visit • www.indigohelp.com • 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

  6. ACC 401 Empower Learning/ indigohelp ACC 401 Educational Tutor/ indigohelp ACC 401 Week 5 Final Paper Assignment • For more classes visit • www.indigohelp.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

  7. ACC 401 Empower Learning/ indigohelp ACC 401 Educational Tutor/ indigohelp

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