ACC 401 Extraordinary Success |snaptutorial.com

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ACC 401 Extraordinary Success / snaptutorial.com
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ACC 401 Extraordinary Success / snaptutorial.com
ACC 401 Week 1 Assignment Chapter 2 Problems 32,
33 38 For more classes visit www.snaptutorial.co
m   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
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ACC 401 Extraordinary Success / snaptutorial.com
ACC 401 Week 1 Quiz For more classes
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ACC 401 Week 2 Assignment Chapter 4 problem 53
and problem 55 For more classes
visit www.snaptutorial.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 Lindas 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. Chapter 5, complete problem 54, problem 61,
and problem 62 54. Steve purchased a personal
residence from Adam. To sell the residence, Adam
agreed to pay 4,5
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ACC 401 Week 3 Assignment Chapter 6 For more
classes visit www.snaptutorial.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  
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ACC 401 Extraordinary Success / snaptutorial.com
ACC 401 Week 3 Quiz For more classes
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ACC 401 Week 4 Assignment Chapter 9, Problem 42
problem 49   For more classes visit www.snaptutori
al.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
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ACC 401 Extraordinary Success / snaptutorial.com
ACC 401 Week 4 Quiz For more classes
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ACC 401 Week 5 Final Paper Assignment For more
classes visit www.snaptutorial.com   QAppendix
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 Medicare Wages
50,403 State Wages 46,263 Taxes
withheld Federal 2896.06 Social Security
3124.99 Medicare 730.34 State 682.38
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ACC 401 Extraordinary Success / snaptutorial.com