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ACC 401 Educational Tutor/ indigohelp ACC 401 Week 1 Assignment Chapter 2 Problems 32 33 38 ACC 401 Week 1 Quiz ACC 401 Week 1 Quiz • 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.
ACC 401 Educational Tutor/ indigohelp ACC 401 Week 2 Assignment Chapter 4 problem 53 and problem 55 ACC 401 Week 2 Quiz ACC 401 Week 2 Quiz • 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?
ACC 401 Educational Tutor/ indigohelp ACC 401 Week 3 Assignment Chapter 6 ACC 401 Week 3 Quiz ACC 401 Week 3 Quiz • 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:
ACC 401 Educational Tutor/ indigohelp ACC 401 Week 4 Assignment Chapter 9, Problem 42 problem 49 ACC 401 Week 4 Quiz ACC 401 Week 4 Quiz • 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.
ACC 401 Educational Tutor/ indigohelp ACC 401 Week 5 Final Paper Assignment • 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