86 Answered Questions for the topic Tax Accounting

Tax Accounting Business Business business

03/04/19

Business calculations

Christina has recently been hired as an account assistant. Which form will Christina’s employer require her to complete in order to have the appropriate amount of federal taxes withheld from her... more
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Tax Accounting Tax Preparation

11/19/18

Filing status exemptions and eitc?
Karla is 25, unmarried and was a full-time student from January through June. Karla worked part time but did not provide more than 50% support for herself or her son Sam, who is 1. Karla and Sam... more
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Tax Accounting Tax Preparation

09/17/18

Tax preparation
Elise worked for 30 years for her employer. She has decided to retire. Elise is 60 years old. She contributed $15,000 pre-tax to her qualified employee pension plan. Elise will receive from the... more
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Tax Accounting

01/17/18

Form _______ reports the total amount received during the tax year from a pension, annuity, retirement or profit sharing plan, IRA or insurance contract.
a. 1099R b. 1099B c. W-2 d. 1098B
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Tax Accounting

06/13/17

How to calculate net income after withholding tax subtracted and GST added.
Example: (A) 90 hours @ $55 p/hr = $4950 (B) less 20% withholding tax = (A * 0.2) = $990 (C) plus 15% GST = (A * 0.15) = $742.50 TOTAL incl GST (A-B+C) = $4702.5   Is there a formula to work... more
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Tax Accounting

05/05/17

Word Problem
Mary pays Metropolis an annual tax of $80 plus 1.7% of her annual income. If Mary paid $1,015 in tax, what was Mary's income?
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Tax Accounting Accounting

11/11/15

Please show how you solved
In 2013 and 2014 Andy, who is single owned a vacation home that generated both income and related expenses as listed below. Andy’s only other income is W2 wages of $276,000YEAR  INCOME   Ad Valorem... more
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Tax Accounting Accounting

11/11/15

Please show each step of solving the problem! I need to understand this before tomorrow.
Janie and Steve purchased an apartment building. They are active with respect to this rental. They have losses of $60,000 from the building this year. They have other income as follows:Salaries... more
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Tax Accounting

11/11/15

Accounting
Filing Status Deduction* Basic Standard Deduction** Additional Standard     Social Security Base AmountsMarried Joint                          $12,400                      $1,200                  ... more
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Tax Accounting Business Law Tax Preparation

01/18/14

What can I file for?
I have been currently unemployed for the whole 2013 year, and tax season is coming up here soon and I was wondering what I could file for? During the year I purchased a 2013 TDI Jetta, can I get... more
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Tax Accounting

11/10/12

15 year recovery property costing $4,000,000 was placed in service in oct 2012.
there was no disposition of the property.taxpayer had taxable income of $1,175,000 before cost recovery deduction.whats the maximum cost recovery deduction for year 3?
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