83 Answered Questions for the topic Tax Accounting

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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