Problem 2 Chapter 9 Moving expensesInstructionsAt the request of he.pdf
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Problem 2: Chapter 9: Moving expensesInstructions:At the request of her employer, Mrs. Sheila Sanders moves from Vancouver to Ottawa so she can work at the Ottawa head office instead of the Vancouver office. She moves into her residence on July 1, 2019 with her family of 5 (Sheila, her spouse, and 3 children). She earned $200,000 of employment income this year, $100,000 of which related to her work at the Ottawa head office. She incurred a variety of moving expenses related to the move. She will use the simplified method for calculating all mileage and meal costs. Assume that the relevant flat rate for vehicle expenses is $0.58/km for all provinces, and the flat rate for meals is $51 per day per person. The expenses include:1. They drove from Vancouver to Ottawa during their move. They spent $1,100 on fuel costs during the 4500 km drive, and also required a $40 oil chage. They also switched over to their summer tires, which cost $100. 2. They spent 6 days driving during the course of their move. During these 6 travel days, they spent $600 on take out meals total for the 5 family members. 3. They also spent $1500 on hotels total during the 6 moving days/nights as they drove from Vancouver to Ottawa. 4. They paid a moving company $4800 to transport their furniture and belongings in a moving truck across the country. Sheila's employer agreed to directly reimburse her for $1850 of these moving truck costs. 5. Their belongings needed to be stored for several days before it could all be moved in because of a difference between the old residence closing date and the earliest move-in date of the new residence. The storage costs amounted to $750. 6. Three weeks before their move, Sheila took a plane to Ottawa to check out potential houses to buy. The travel costs for this house hunting trip included a $2400 plane ride, $350 in lodging cost, and $200 in meals. 7. Sheila sanders sold her old residence of $250,000. The closing date was May 20, 2019. Sheila paid $2000 in legal fees during the sale of the old residence. Additionally, she paid $27500 in real estate commissions and $2100 in unpaid property taxes to the date of sale. She also paid $500 to clean and make minor repairs to her old residence prior to sale. 8. While Sheila will continue to work in Vancouver until June 1, the closing on the old residence was May 20. During the period from May 20 to June 1 (12 days), Sheila and her family resides in a Vancouver hotel. The temporary living costs associated with this 12 day period include:a. Hotel in Vancouver (12 nights at $165 per night) $1980b. Food in Vancouver (12 days- total for all five family members) $1,0009. Sheila and her family departs from Vancouver on June 1 and arrives 6 days later in Ottawa. Their new house is not available until July 1, 2019, so the family spends 24 nights in a hotel in Ottawa. The temporary living costs associated with this 24 day period include:a. Hotel in Ottawa (24 nights at $185 per night) $4440b. Food in Ottawa .
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At the request of her employer, Mrs. Sheila Sanders moves from Vancou.pdf
At the request of her employer, Mrs. Sheila Sanders moves from Vancouver to Ottawa so she
can work at the Ottawa head office instead of the Vancouver office. She moves into her
residence on July 1, 2019 with her family of 5 (Sheila, her spouse, and 3 children). She earned
$200,000 of employment income this year, $100,000 of which related to her work at the Ottawa
head office. She incurred a variety of moving expenses related to the move. She will use the
simplified method for calculating all mileage and meal costs. Assume that the relevant flat rate
for vehicle expenses is $0.58/km for all provinces, and trg flat rate for meals is $51 per day per
person. HNAME? 2. They spent 6 days driving during the course of their move. During these 6
travel days, they spent $600 on take out meals total for the 5 family members. 3. They also spent
$1900 on hotels total during the 6 moving days/nights as they drove from Vancouver to Ottawa.
4. They paid a moving company $4200 to transport their furniture and belongings in a moving
truck across the country. Sheila's employer agreed to directly reimburse her for $1500 of these
moving truck costs. 5. Their belongings needed to be stored for several days before it could all
be moved in because of a difference between the old residence closing date and the earliest
move-in date of the new residence. The storage costs amounted to $750.
6. Three weeks before their move, Sheila took a plane to Ottawa to check out potential houses to
buy. The travel costs for this house hunting trip included a $2600 plane ride, $350 in lodging
cost, and $200 in meals. \#NAME? 8. While Sheila will continue to work in Vancouver until
June 1 , the closing on the old residence was May 20. During the period from May 20 to June 1
(12 days), Sheila and heof $ mily resides in a Vancouver hotel. The temporary living costs
associated with this 12 day period includer a. Hotel in Vancouver (12 nights at $165 per night)
$1980 b. Food in Vancouver (12 days-total for all five family members) $1,000 9. Sheila and her
family departs from Vancouver on June 1 and arrives 6 days later in Ottawa. Their new house is
not avaifable until July 1, 2019, so the family spends 24 nights in a hotel in Ottawa. The
temporary living costs associated with this 24 day period include: a. Hotel in Ottawa (24 nights
at $199 per night) $4776 b. Food in Ottawa (24 days-total for all five family members) $2,000
10. Since the family was moving to a new address in a new province, they needed to replace their
drivers: licenses and other legal documents, which cost $250 total.
Show any additional.
Acc 307 Success Begins / snaptutorial.com
1. Amy works as an auditor for a large major CPA firm. During the months of September through November of each year, she is permanently assigned to the team auditing Garnet Corporation. As a result, every day she drives from her home to Garnet and returns home after work. Mileage is as follows:
Acc 307 Technology levels--snaptutorial.com
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1. Amy works as an auditor for a large major CPA firm. During the months of September through November of each year, she is permanently assigned to the team auditing Garnet Corporation. As a result, every day she drives from her home to Garnet and returns home after work. Mileage is as follows:
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1. Amy works as an auditor for a large major CPA firm. During the months of September through November of each year, she is permanently assigned to the team auditing Garnet Corporation. As a result, every day she drives from her home to Garnet and returns home after work. Mileage is as follows:
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www.snaptutorial.com
1. Amy works as an auditor for a large major CPA firm. During the months of September through November of each year, she is permanently assigned to the team auditing Garnet Corporation. As a result, every day she drives from her home to Garnet and returns home after work. Mileage is as follows:
W and H, wife and husband, are citizens of Canada. They do not have.docx
W and H, wife and husband, are citizens of Canada. They do not have U.S. citizenship nor do they hold a U.S. green card. They maintain homes in both Quebec and Florida. W and the couple’s minor children spend about nine months each year at the Florida home, and the children attend school in Florida public schools. W and the children spend the summer months (80 days) in Quebec. H, who owns a construction company in Quebec, spends most of the year in Quebec, but makes several trips to Florida each year, aggregating 70 days annually. H’s income comes from the construction business. W owns several farms in Quebec which are rented to tenants and produce a significant amount of rental income. H & W do not file a joint return in the U.S.
Question1: How are H and W taxed by the U.S.?
Question2: How does the analysis of H’s situation change if he stays in the U.S. a total of 125 days annually.
...
In 2010, Bill and Joyce Schnappauf live in Wakefield, R.I. Bil.docx
In 2010, Bill and Joyce Schnappauf live in Wakefield, R.I. Bill is 50, and Joyce is 48. Bill is
a district sales manager for USC Equipment Corporation, a Rhode Island firm that manufactures
and distributes gaming equipment. Joyce is a self-employed author of children’s
books. The Schnappaufs have three children, Will, 21, Dan, 19, and Tom, 16. In February
2011, the Schnappaufs provide the following basic information for preparing their 2010
federal income tax return:
1. The Schnappaufs use the cash method of accounting and file their return on a
calendar-year basis.
2. Unless otherwise stated, assume that the Schnappaufs want to minimize the current
year’s tax liability. That is, they would like to defer income when possible and take
the largest deductions possible, a practice they have followed in the past.
3. Joyce’s Social Security number is XXXXX
4. Bill’s Social Security number is XXXXX
5. Will’s Social Security number is XXXXX
6. Dan’s Social Security number is XXXXX
7. Tom’s Social Security number is XXXXX
8. The Schnappaufs do not have any foreign bank accounts or foreign trusts.
9. Their address isXXXXX Wakefield, R.I. (02879).
10. The Schnappaufs do not wish to contribute to the presidential election campaign.
The first phase of the tax return problem is designed to introduce you to some of the
tax forms and the supporting documentation (Forms W-2, 1099-INT, etc.) needed to
complete a basic tax return. The first four chapters focus on the income aspects of individual
taxation. Accordingly, this phase of the tax return focuses on the basic income concepts.
1. Bill’s W-2 is provided (Exhibit A–1). The 2010 W-2 includes his salary ($81,000),
bonus ($32,000), and income from group-term life insurance coverage in excess of
$50,000 ($85.56), and is reduced by his contribution ($4,000) to USC’s qualified
pension plan. The company contributes 7 percent of Bill’s salary ($5,670) to the plan.
2. The Schnappaufs receive two 1099-INTs for interest (Exhibits A–2 and A–3), two
1099-DIVs for dividends (Exhibits A–4 and A–5), and a combined interest and dividend
statement (Exhibit A–6).
3. Joyce and her brother, Bob, are co-owners of, and active participants in, a furniture restoration
business. Joyce owns 30 percent, and Bob owns 70 percent of the
business. The business was formed as an S corporation in 2001. During 2010, the
company pays $3,500 in dividends. The basis of Joyce’s stock is $20,000.
4. The Schnappaufs receive a 2009 federal income tax refund of $380 on May 12,
2010. On May 15, 2010, they receive their income tax refund from the state of Rhode
Island. In January 2011, the state mails the Schnappaufs a Form 1099-G (Exhibit
A–7). Their total itemized deductions in 2009 were $16,471.
http://www.justanswer.com/business-finance-homework/6n2lm-2010-bill-joyce-schnappauf-live-wakefield-r-i.html
5. During 2010, Joyce is the lucky ninety-third caller to a .
LAW5230 AssignmentWord Limit Approximately 3 00.docx
LAW5230 Assignment
Word Limit: Approximately 3 000 words (excluding calculations)
This assignment consists of three (3) case studies. You must complete all the case studies and all parts of each case study.
Case Study One
The Holly Family
Heath is a consulting engineer from Canada who has been offered an 18 month contract with an Australian construction company, Apartment World Pty Ltd. His wife, Hayley will accompany him to Australia for the whole 18 months and plans to find casual work as an accountant once she arrives. She will leave her business in Canada in the hands of her business partners for the time she is away and will receive no income from the business during her absence. Heath and Hayley have no children. The Holly’s envisage returning to their home in Montreal once Heath’s contract finishes. They rent out their home in Montreal for the period of their absence. Apartment World Pty Ltd will provide a furnished house for the Holly’s to live in for the duration of the contract. Heath and Holly also had a number of other relevant transactions during the year ended 30 June 2015:
Heath works at his usual job in Montreal until November 2014 and the couple travel to Australia on 1 December 2014. In Australia Heath earns salary of
$80,000 for his work with Apartment World Pty Ltd to 30 June 2015.
Hayley earns $23,000 during her time in Australia for accounting contract work she undertakes. In addition, Hayley was due to receive $3,000 in wages during the week ended 30 June 2015. Hayley directed the pay officer to instead pay the amount directly onto her credit card as it was over the limit. The amount was paid onto her credit card on 29 June 2015.
Heath and Hayley have a number of investments in companies listed on the Canadian Stock Exchange. They received dividends of $15,000AUD in October 2014 and $5,000AUD in March 2015. Once in Australia, they also acquire some Australian shares which earn them dividends of $3,000AUD in
2015. The dividends were declared by the Australian company on 15 June
2015 and Heath received the credit in his bank account on 10 July 2015.
Through Hayley’s accounting connections, Heath and Hayley purchased a parcel of land in QLD on 1 February 2015 for $200,000. They had good advice it would be the perfect location for a motel given substantial passing traffic travelling to mines in Western QLD. They spent some time and $8,000 gaining relevant development approvals and having plans drawn up. However, in May 2015 they were advised by the local council that the plans would only be approved on the condition that the motel was built at least 50m away from the highway. This condition would substantially reduce the number of units
able to be built and thus Heath and Hayley decided to abandon the project. They signed a contract to sell the land for $230,000 on 25 June 2015. The contract settled on 1 August 2015.
Hayley also purchased a commercial property located in Aust ...
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At the request of her employer, Mrs. Sheila Sanders moves from Vancou.pdf
At the request of her employer, Mrs. Sheila Sanders moves from Vancouver to Ottawa so she
can work at the Ottawa head office instead of the Vancouver office. She moves into her
residence on July 1, 2019 with her family of 5 (Sheila, her spouse, and 3 children). She earned
$200,000 of employment income this year, $100,000 of which related to her work at the Ottawa
head office. She incurred a variety of moving expenses related to the move. She will use the
simplified method for calculating all mileage and meal costs. Assume that the relevant flat rate
for vehicle expenses is $0.58/km for all provinces, and trg flat rate for meals is $51 per day per
person. HNAME? 2. They spent 6 days driving during the course of their move. During these 6
travel days, they spent $600 on take out meals total for the 5 family members. 3. They also spent
$1900 on hotels total during the 6 moving days/nights as they drove from Vancouver to Ottawa.
4. They paid a moving company $4200 to transport their furniture and belongings in a moving
truck across the country. Sheila's employer agreed to directly reimburse her for $1500 of these
moving truck costs. 5. Their belongings needed to be stored for several days before it could all
be moved in because of a difference between the old residence closing date and the earliest
move-in date of the new residence. The storage costs amounted to $750.
6. Three weeks before their move, Sheila took a plane to Ottawa to check out potential houses to
buy. The travel costs for this house hunting trip included a $2600 plane ride, $350 in lodging
cost, and $200 in meals. \#NAME? 8. While Sheila will continue to work in Vancouver until
June 1 , the closing on the old residence was May 20. During the period from May 20 to June 1
(12 days), Sheila and heof $ mily resides in a Vancouver hotel. The temporary living costs
associated with this 12 day period includer a. Hotel in Vancouver (12 nights at $165 per night)
$1980 b. Food in Vancouver (12 days-total for all five family members) $1,000 9. Sheila and her
family departs from Vancouver on June 1 and arrives 6 days later in Ottawa. Their new house is
not avaifable until July 1, 2019, so the family spends 24 nights in a hotel in Ottawa. The
temporary living costs associated with this 24 day period include: a. Hotel in Ottawa (24 nights
at $199 per night) $4776 b. Food in Ottawa (24 days-total for all five family members) $2,000
10. Since the family was moving to a new address in a new province, they needed to replace their
drivers: licenses and other legal documents, which cost $250 total.
Show any additional.
Acc 307 Success Begins / snaptutorial.com
1. Amy works as an auditor for a large major CPA firm. During the months of September through November of each year, she is permanently assigned to the team auditing Garnet Corporation. As a result, every day she drives from her home to Garnet and returns home after work. Mileage is as follows:
Acc 307 Technology levels--snaptutorial.com
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www.snaptutorial.com
1. Amy works as an auditor for a large major CPA firm. During the months of September through November of each year, she is permanently assigned to the team auditing Garnet Corporation. As a result, every day she drives from her home to Garnet and returns home after work. Mileage is as follows:
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1. Amy works as an auditor for a large major CPA firm. During the months of September through November of each year, she is permanently assigned to the team auditing Garnet Corporation. As a result, every day she drives from her home to Garnet and returns home after work. Mileage is as follows:
ACC 307 Massive Success / snaptutorial.com
For more classes visit
www.snaptutorial.com
1. Amy works as an auditor for a large major CPA firm. During the months of September through November of each year, she is permanently assigned to the team auditing Garnet Corporation. As a result, every day she drives from her home to Garnet and returns home after work. Mileage is as follows:
W and H, wife and husband, are citizens of Canada. They do not have.docx
W and H, wife and husband, are citizens of Canada. They do not have U.S. citizenship nor do they hold a U.S. green card. They maintain homes in both Quebec and Florida. W and the couple’s minor children spend about nine months each year at the Florida home, and the children attend school in Florida public schools. W and the children spend the summer months (80 days) in Quebec. H, who owns a construction company in Quebec, spends most of the year in Quebec, but makes several trips to Florida each year, aggregating 70 days annually. H’s income comes from the construction business. W owns several farms in Quebec which are rented to tenants and produce a significant amount of rental income. H & W do not file a joint return in the U.S.
Question1: How are H and W taxed by the U.S.?
Question2: How does the analysis of H’s situation change if he stays in the U.S. a total of 125 days annually.
...
In 2010, Bill and Joyce Schnappauf live in Wakefield, R.I. Bil.docx
In 2010, Bill and Joyce Schnappauf live in Wakefield, R.I. Bill is 50, and Joyce is 48. Bill is
a district sales manager for USC Equipment Corporation, a Rhode Island firm that manufactures
and distributes gaming equipment. Joyce is a self-employed author of children’s
books. The Schnappaufs have three children, Will, 21, Dan, 19, and Tom, 16. In February
2011, the Schnappaufs provide the following basic information for preparing their 2010
federal income tax return:
1. The Schnappaufs use the cash method of accounting and file their return on a
calendar-year basis.
2. Unless otherwise stated, assume that the Schnappaufs want to minimize the current
year’s tax liability. That is, they would like to defer income when possible and take
the largest deductions possible, a practice they have followed in the past.
3. Joyce’s Social Security number is XXXXX
4. Bill’s Social Security number is XXXXX
5. Will’s Social Security number is XXXXX
6. Dan’s Social Security number is XXXXX
7. Tom’s Social Security number is XXXXX
8. The Schnappaufs do not have any foreign bank accounts or foreign trusts.
9. Their address isXXXXX Wakefield, R.I. (02879).
10. The Schnappaufs do not wish to contribute to the presidential election campaign.
The first phase of the tax return problem is designed to introduce you to some of the
tax forms and the supporting documentation (Forms W-2, 1099-INT, etc.) needed to
complete a basic tax return. The first four chapters focus on the income aspects of individual
taxation. Accordingly, this phase of the tax return focuses on the basic income concepts.
1. Bill’s W-2 is provided (Exhibit A–1). The 2010 W-2 includes his salary ($81,000),
bonus ($32,000), and income from group-term life insurance coverage in excess of
$50,000 ($85.56), and is reduced by his contribution ($4,000) to USC’s qualified
pension plan. The company contributes 7 percent of Bill’s salary ($5,670) to the plan.
2. The Schnappaufs receive two 1099-INTs for interest (Exhibits A–2 and A–3), two
1099-DIVs for dividends (Exhibits A–4 and A–5), and a combined interest and dividend
statement (Exhibit A–6).
3. Joyce and her brother, Bob, are co-owners of, and active participants in, a furniture restoration
business. Joyce owns 30 percent, and Bob owns 70 percent of the
business. The business was formed as an S corporation in 2001. During 2010, the
company pays $3,500 in dividends. The basis of Joyce’s stock is $20,000.
4. The Schnappaufs receive a 2009 federal income tax refund of $380 on May 12,
2010. On May 15, 2010, they receive their income tax refund from the state of Rhode
Island. In January 2011, the state mails the Schnappaufs a Form 1099-G (Exhibit
A–7). Their total itemized deductions in 2009 were $16,471.
http://www.justanswer.com/business-finance-homework/6n2lm-2010-bill-joyce-schnappauf-live-wakefield-r-i.html
5. During 2010, Joyce is the lucky ninety-third caller to a .
LAW5230 AssignmentWord Limit Approximately 3 00.docx
LAW5230 Assignment
Word Limit: Approximately 3 000 words (excluding calculations)
This assignment consists of three (3) case studies. You must complete all the case studies and all parts of each case study.
Case Study One
The Holly Family
Heath is a consulting engineer from Canada who has been offered an 18 month contract with an Australian construction company, Apartment World Pty Ltd. His wife, Hayley will accompany him to Australia for the whole 18 months and plans to find casual work as an accountant once she arrives. She will leave her business in Canada in the hands of her business partners for the time she is away and will receive no income from the business during her absence. Heath and Hayley have no children. The Holly’s envisage returning to their home in Montreal once Heath’s contract finishes. They rent out their home in Montreal for the period of their absence. Apartment World Pty Ltd will provide a furnished house for the Holly’s to live in for the duration of the contract. Heath and Holly also had a number of other relevant transactions during the year ended 30 June 2015:
Heath works at his usual job in Montreal until November 2014 and the couple travel to Australia on 1 December 2014. In Australia Heath earns salary of
$80,000 for his work with Apartment World Pty Ltd to 30 June 2015.
Hayley earns $23,000 during her time in Australia for accounting contract work she undertakes. In addition, Hayley was due to receive $3,000 in wages during the week ended 30 June 2015. Hayley directed the pay officer to instead pay the amount directly onto her credit card as it was over the limit. The amount was paid onto her credit card on 29 June 2015.
Heath and Hayley have a number of investments in companies listed on the Canadian Stock Exchange. They received dividends of $15,000AUD in October 2014 and $5,000AUD in March 2015. Once in Australia, they also acquire some Australian shares which earn them dividends of $3,000AUD in
2015. The dividends were declared by the Australian company on 15 June
2015 and Heath received the credit in his bank account on 10 July 2015.
Through Hayley’s accounting connections, Heath and Hayley purchased a parcel of land in QLD on 1 February 2015 for $200,000. They had good advice it would be the perfect location for a motel given substantial passing traffic travelling to mines in Western QLD. They spent some time and $8,000 gaining relevant development approvals and having plans drawn up. However, in May 2015 they were advised by the local council that the plans would only be approved on the condition that the motel was built at least 50m away from the highway. This condition would substantially reduce the number of units
able to be built and thus Heath and Hayley decided to abandon the project. They signed a contract to sell the land for $230,000 on 25 June 2015. The contract settled on 1 August 2015.
Hayley also purchased a commercial property located in Aust ...
Tax Return Problem Cases ACCT 440 Spring 2016 Inst.docx
Tax Return Problem Cases
ACCT 440
Spring 2016
Instructions: Use the relevant tax forms for your computations. You must download the relevant forms
from the IRS website. Do not use tax software to prepare the returns. You need not complete the state
tax returns. Make sure to include all the relevant supporting schedules for your federal return.
There are a total of five returns assignments. All five returns must be turned in no later than Monday,
May 2 at 5:00 p.m. Please turn in the returns in one envelope to room JH 1111.
This is an individual assignment. You are not allowed to discuss or share the answers with any other
student, friend, tax professional, colleague or a professor.
Tax Return 1:
Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501. Lance works
for the convention bureau of the local chamber of commerce, while Wanda is employed part-time as a
paralegal for a law firm.
a. During 2014, the deans had the following receipts:
Salaries ($60,000 for Lance, $41,000 for Wanda)
Interest income -- $101,000
City of Albuquerque general purpose bonds $1,000
Ford Motor Company bonds 1,100
Ally Bank certificate of deposit 400 2,500
Child support payment from John Allen 7,200
Annual gift from parents 26,000
Settlement from Roadrunner Touring Company 90,000
Lottery winnings 600
Federal income tax refund (for tax year 2013) 400
Wanda was previously married to John Allen. When they divorced several years ago, Wanda was
awarded custody of their two children, Penny and Kyle. (Note: Wanda was never issued a form 8332
wavier.) under the divorce decree, John was obligated to pay alimony and child support--the alimony
payments were to terminate if Wanda remarried.
In July, while going to lunch in downtown Santa Fe, Wanda was injured by a tour bus. As the
driver was clearly at fault, the owner of the bus, Roadrunner Touring Company, paid for her medical
expenses (including one-week stay in a hospital). To avoid a lawsuit, Roadrunner also transferred
$90,000 to her in settlement of the personal injuries she sustained.
The Deans has the following expenditures for 2014:
Medical expenses (not covered by insurance) $7,200
Taxes-
Property taxes on personal residence $3,600
State of new Mexico income tax (includes amount
withheld from wages during 2014) 4,200 7,800
Interest on home mortgage 6,000
Paid church pledge 3,600
Life insurance premiums (policy on Lance’s life) 1,200
Contributions to traditional IRA (on Wanda’s behalf) 5,000
Traffic fines 300
Contributions to the reelection campaign fund of the
major of Santa Fe 500
F ...
Problem Please complete the comprehensive problem providing .docx
Problem: Please complete the comprehensive problem providing detailed computations with labels. The problem is
worth 40% of your grade.
Mike and Laura Weiss are married and file a joint return. Mike is a self-employed orthodontist, and Laura is a college
professor. Mike and Laura have three children. The oldest is Matt, 23, who lives at home and is a Medical student at the
University of Cincinnati. He worked part-time this year and earned $2,500 that he used to pay his own support. Matt and
Laura provided $9,500 toward Matt’s support not including $12,000 they paid for medical school tuition. They also
provided over half the support of their daughter Diane, who is a full-time student at Kenyon College. Diane worked part-
time as a waitress this year, earning $4,500 but received $20,000 for tuition from her parents during 2015. Diane lived at
home until she was married in December 2015 and then moved in with her husband, Patrick. She filed a joint return with
Patrick who made $25,000 during the year. Alice is the youngest and lived in the Weiss’ home for the entire year. She is
14 and attends the local middle school. She made $900 this year in babysitting revenue.
Laura is a math professor at Xavier University in Cincinnati, where she earned $35,000. The university withheld federal
income tax of $3,575, state income tax of $850, Cincinnati city income tax of $350, $1,920 of social security and $485 of
medicare tax. She also worked part-time for the Cincinnati Bengals. The NFL franchise paid her $12,000 in salary and
withheld $1,205 of federal income tax, $350 of state income tax, $155 of Cincinnati city income tax, $590 for social
security and $145 for medicare tax.
Laura is required by the university to visit several high schools in the area to evaluate students who are completing their
student teaching. However, she is not reimbursed for the expenses she incurs in doing this. During the spring and fall
semesters of 2015 she drove her personal automobile 6,350 miles in fulfilling this obligation. She has always used the
standard mileage method for computing this deduction.
The Weiss’s received $1100 of interest from State Savings Bank on a joint account. They also received interest of $1,050
on City of Cincinnati School District Bonds. They own stock in Charter Corporation and Delhi Company which they
received a total of $1,405 in qualified dividends during the year. Mike felt the market was going to crash during 2015 so
he decided to liquidate some stocks and invest the money in his business. They sold the following stock in the beginning
of the year:
Company Date Purch. Date Sold Sales Price Original Cost
Rose Company 500 shares 8/10/2001 1/2/2015 $29,000 $37,000
Big Sky Industries 200 shares 9/12/2015 12/2/2015 $12,000 $15,000
Blue Hat Inc. 150 shares 9/23/2000 1/2/2015 $13,000 $5,500
Laura also sold a painting from her grandmother. Her grandmother died this year and.
Tax Return Assignment REQUIREMENTSPrepare an income tax re.docx
Tax Return Assignment
REQUIREMENTS
Prepare an income tax return by hand in blue pen (no tax software) with provided schedules that were obtained from the IRS website (irs.gov) for the Martinez’s for 2015. In doing this, use the following guidelines:
· You may complete assignment individually or in groups up to 5 people. Place all participating student names on cover sheet.
· Make necessary assumptions for information not given in the problem but needed to complete the return. Be aware of the possible application of certain tax credits.
· The taxpayers have the necessary substantiation (e.g., records, receipts) to support the transactions involved.
· If a refund results, the taxpayers want it sent to them.
· The Martinez’s do not wish to contribute to the Presidential Election Campaign fund.
· In the past several years, the Martinez’s have itemized their deductions from AGI (have not claimed the standard deduction option). In 2014 they claimed $19,600 in itemized expenses.
Facts:
Francisco E. and Eva A. Martinez are married and live at 46 Milano Street, Raleigh, NC 27513. They file a joint return and are calendar year, cash basis taxpayers.
1. Francisco is a self-employed accountant (professional activity code is 541213). He maintains an office at 65 Oreo Way, Suite 105, Raleigh, NC 27514. Francisco’s work-related expenses for 2015 are as follows:
Office rent (prepaid 12 months on 6/1/2015) $18,000
Utilities 2,400
Office expenses (supplies, , etc.) 4,800
Fines issued by Raleigh zoning department related to business 300
Tolls (business related) 550
Parking expense (business related) 250
State and local license fees 600
Renter’s insurance (prepaid 18 months on 6/1/2015) 1,800
Replacement of reception room furnishings (10/5/2015) 3,000
Purchased Apple iMac (business related) 2,500
Meals 1,400
Entertainment (Carolina Panthers tickets with clients) 3,000
Travel 1,800
As is the case with all of Francisco’s business transactions, the meals and entertainment expenses are properly documented and supported by receipts. The meals and entertainment expense relates to taking clients out to eat and discussing business during the meals. Francisco would then take the client/clients across the street to see home Carolina Panthers football games. No business was discussed during or after the games. Francisco uses MACRS and bonus depreciation for expensing computer and furniture. Francisco traveled to Orlando for a 2 day accounting convention and stayed an extra 3 days for sightseeing. Travel expense is composed of the following ($40 ...
Acc 5170 tax return project
ACC 5170 Tax Return Project – 2016
http://homeworktimes.com/downloads/acc-5170-tax-return-project-2016/
David and Ariel Olson are married taxpayers, ages 44 and 42 , respect.pdf
David and Ariel Olson are married taxpayers, ages 44 and 42 , respectively, who file a joint
return for 201. David is an assistant manager at Martinsville Motor Inn, and Ariel is a teacher at
Martinsville Elementary School. They present you with W-2 forms that reflect the following
information: Ariel is the custodial parent of two children from a previous marriage who reside
with the Olsons throughout the school year. The children, Thomas and Tara Parker, reside with
their father, Bob, during the summer. Ariel and Bob divorced 12 years ago. Relevant information
for the children follows: Under the divorce decree, Bob pays child support of $150 per month per
child during the nine months the children live with the Olsons. Bob says that he spends $200 per
month per child during the three summer months they reside with him. Ariel and David can
document that they provide $2,000 support per child per year. In August, David and Ariel added
a suite to their home to provide more comfortable accommodations for Doris, Ariel's mother,
who had moved in with them in February 20x0 after the death of Ariel's father. Not wanting to
borrow money for this addition, David sold 210 shares of Fillmore Corporation stock on May 3,
20x1, and used the proceeds of $22,000 to cover construction costs. The Olsons had purchased
the stock six months ago for $50 per share. They received dividends of $750 on the jointly
owned stock a month before the sale. The Olsons also have a ($4,000) long term capital loss
carryforward from year 20x0. Doris, who is 66 years old, received $7,500 in Social Security
benefits during the year, of which she gave the Olsons $2,000 to use toward household expenses
and deposited the remainder in her personal savings account. The Olsons determine that they
have spent $2,500 of their own money for food, clothing, entertainment, and other items for
Doris. They do not know what the rental value of Doris's suite would be, but they estimate it
would be at least $300 per month. Doris does not file her own tax return. Interest paid by the
Olsons during the year included the following: Home mortgage interest (paid to Martinsville
Federal Savings \& Loan) \$7,890 Interest on an automobile loan (paid to Martinsville National
Bank) 1,660
In July, David hit a submerged rock while boating. Fortunately, he was uninjured after being
thrown from the boat and landing in deep water. However, the boat, which was uninsured, was
destroyed. David had paid $25,000 for the boat in June 20x0, and its value was appraised at
$18,000 on the date of the accident. In December, David contributed $3,000 into his traditional
IRA, and Ariel contributed $1,000 into her traditional IRA. The Olsons paid doctor and hospital
bills of $8,200 and were reimbursed $2,000 by their insurance company. They have filed
additional claims of $1,200 with their insurance company and have been told they should expect
to receive payment for that amount in January 202. They spent $640 for prescription .
Carrie A. Morgan, age 45, is single and lives with her dependent m.docx
Carrie A. Morgan, age 45, is single and lives with her dependent mother at 426 Grouse Avenue, Allentown, PA 18105. Her social security number is 111-11-1111.
1. Carrie is a licensed hairstylist and operates her own business. Located at 480 Laurel Street, Allentown, PA 18105, the business is conducted under the name of “Carrie's Coiffures.” Carrie's business activity code is 812112. In addition to 10 workstations (i.e., stylist chairs) and a small reception area, the shop has display and storage areas for the
products Carrie sells (see item 2 below). During the year, Carrie leased nine of the stations to other hairstylists. As is common practice in similar businesses in the area, the other stylists are considered to be self-employed. In fact, the IRS sanctioned the self-employment classification for the stylists in an audit of one of Carrie's prior tax returns. Each stylist pays Carrie a fixed rent for the use of a workstation, resulting in
$68,000 of rents received during 2012. From her own station, Carrie earned $44,000
(including tips of $12,000) for the styling services she provided to her own clients.
2. Carrie's Coiffures is the local distributor for several beauty products (e.g., conditioners,
shampoos) that cannot be purchased anywhere else. Carrie buys these items from the
manufacturers and sells them to regular patrons, walk-in customers, and other
beauticians (including those who lease chairs from her). Carrie's Coiffures is also
known for the selection and quality of its hairpieces (i.e., wigs, toupees). Through the
shop, Carrie made the following sales during the year:
Hairpieces and wigs $69,000
Beauty products 48,000
3. Although Carrie operates her business on a cash basis, she maintains inventory
accounts for the items she sells as required by law. Relevant information about the
inventories (based on lower of cost or market) is summarized below.
4.
12/31/11 12/31/12
Hairpieces and wigs $10,700 $12,600
Beauty products 11,400 9,900
5. Carrie's purchases for 2012 were $30,500 of hairpieces and wigs and $26,100 of beauty
products.
6. Carrie's Coiffures had the following operating expenses for 2012:
Utilities (i.e., gas, electric, telephone) $12,900
Ad valorem property taxes:
On realty (e.g., shop building and land) $4,200
On personalty (e.g., equipment, inventory) 1,800 6,000
Styling supplies (e.g., rinses, dyes, gels, hair spray) 5,700
Fire and casualty insurance 4,100
Liability insurance 4,000
Accounting services 3,800
Janitorial services 2,400
Sewer service, garbage pickup $ 2,300
Water 2,200
Occupation licenses (city and state) 1,500
Waiting room supplies (e.g., magazines, coffee) 1,300
7. As Carrie prefers to avoid employer-employee arrangements and the payroll tax
complexities, she retains outside agencies to handle her accounting and janitorial
needs.
8. In early 2012, Carrie decided to renovate the waiting room. On May 10, she spent
$10,400 for new chairs, a sofa, various lamps ...
Uop acc 547 week 4 jordan and diana diego
uop acc 547 week 4 jordan and diana diego new,uop acc 547 week 4,acc 547 week 4,uop acc 547 week 4 tutorial,uop acc 547 week 4 assignment,uop acc 547 week 4 help
Uop acc 547 week 4 jordan and diana diego
Jordan and Diana Diego are a married couple filing jointly with one dependent daughter. Jordan works as a manager and earned $68,000 in wages. Diana worked part of the year and earned $40,000 in wages. They paid mortgage interest, property taxes, and made charitable donations. Diana started her own consulting business late in the year earning $8,000 with expenses. They will file a Form 1040, Schedules A, C, E, and SE to report their income and expenses for the tax year.
·You have been engaged to prepare the 2015 federal income tax re.docx
·
You have been engaged to prepare the 2015 federal income tax return for Bob and Melissa Grant.
·
Your tax form submission should include: Form 1040, Schedules A, B, D, E, and Forms 4684 and 8949 as applicable. You will come across many items on the tax return we have not talked about in class; if we have not covered it in class, and it is not included in the information below, you do
not
need to address it on this assignment.
·
Your solution should contain a detailed workpaper that calculates the tax due or refunded with the return and calculated in the form of the tax formula (see Ch. 4 lecture slides). The calculation should be well labeled and EASY to follow. This presentation will be factored into your grade. Do NOT include any references or citations on your workpaper.
·
You may complete the return by hand (
neatly
) or typed using 2015 forms found on Blackboard or the IRS website. You may complete the form using software, one version of which is available in the ACELAB.
o
Note – ACELAB software is for the 2014 tax year; if you choose to use this method, you do not need to override the automatically calculated 2014 information, but your workpaper must detail each line item that will differ between the 2014 form generated and the 2015 forms).
·
Use the following assumptions in preparing the return:
o
The general method of accounting used by the Grants is the cash method.
o
Use all opportunities under law to minimize the 2015 federal income tax.
o
Use whole dollars when preparing the tax return.
o
Do not prepare a state income tax return.
o
Ignore the Line 45 calculation for alternative minimum tax.
o
If required information is missing, use reasonable assumptions to fill in the gaps.
Client memo (5 points)
·
Complete a letter to the client regarding tax planning advice. Identify and explain two reasonable tax planning items the family could use to minimize their tax liability and/or maximize their wealth. All items would be implemented in future years and do not impact the current tax return.
BOB AND MELISSA GRANT
INDIVIDUAL FEDERAL INCOME TAX RETURN
Bob (age 43, SSN #987-45-1234) and Melissa Grant (age 43, SSN #494-37-4893) are married and live in Lexington, Kentucky. The Grants would like to file a joint tax return for the year. The Grants’ mailing address is 95 Hickory Road, Lexington, Kentucky 40502.
The Grants have two children Jared (SSN #412-32-5690), age 18, and Alese (SSN #412-32-6940), age 12. Jared is still in high school and works part time as a waiter and earns about $2,000 a year. The Grant’s also provide financial support to Bob’s aged (85 years) grandfather, Michael Sr., who is widowed and lives alone. Michael Sr.’s Social Security number is 982-21-5543. He has no income and the Grant’s provide 100 percent of his support.
Bob Grant’s Forms W-2 provided the following wages and withholding for the year:
Employer
Gross Wages
Federal Income Tax Withholding
State Income Tax Withholding
National Sto.
ACC 456 Education Specialist / snaptutorial.com
For more classes visit
www.snaptutorial.com
Resource: This week's Lynda.com videos.
Write a 350- to 700-word paper describing the key points in the videos.
Explain why these key points are important.
Acc 4010 Entire Course NEW
Check this A+ tutorial guideline at
http://www.uopassignments.com/acc-4010
For more classes visit
http://www.uopassignments.com/
1- Jacob and Chloe are married and together have AGI of $30-000- They.docx
1. Jacob and Chloe are married and together have AGI of $30,000. They have two dependents and file a joint return. Each pays $1,200 for hospitalization insurance. During the year, they paid the following amounts for medical care: $7,000 in doctor and dentist bills and hospital expenses, and $1,700 for prescribed medicine and drugs. In December, they received an insurance reimbursement of $2,700 for hospitalization. Determine the deduction allowable for medical expenses paid during the year.
a. $11,100.
b. $9,150.
c. $8,850.
d. $6,150.
e. None of the above.
2. Samuel and Lopita, married taxpayers, took out a mortgage on their home for $150,000 in 2004. In May of 2010, when the home had a fair market value of $175,000 and they owed $100,000 on the mortgage, they took out a home equity loan for $120,000. They used the funds to purchase a single engine airplane to be used for recreational travel purposes. What is the maximum amount of debt on which they can deduct home equity interest?
a. $75,000.
b. $100,000.
c. $120,000.
d. $175,000.
e. None of the above.
Solution
1)
b. $9,150.
2)
c. $120,000.
.
Question 11. John and Mane are married and live in your state..docx
Question 1
1. John and Mane are married and live in your state. The deed conveying their property states, “to John A. Kowalski and Mae F. Kowalski, husband and wife, as joint tenants in common.” (a) Would this conveyance create a tenancy by the entirely in your state? (b) Cite our state statute, if any. …… (my state is California)
2. What five unities are necessary for the establishment of a tenancy by the entirety? Explain each one.
3. Which unity exists in tenancy by the entirety but not in joint tenancy?
4. Select a state that recognizes tenancy by the entirety (possibly your own state) and identify the type of tenancy created by the following conveyance according to the courts of that state. Each conveyance is to husband and wife with wording as indicated.
Joint Tenancy
Tenancy by the entirety
Tenancy in Common
“as tenants by the entirety”
“as tenants by the entirety with the right of survivorship”
“with the right of survivorship”
“as joint tenants”
“as tenants in common’
“ no other words, just to “husband and wife”
Question 2
After reviewing freehold estates. Answer the following questions.
Amy conveys by deed her lake cottage to ”Clare for life, then to Maxine for 20 years, then to Elizabeth and her heirs.
1. What of kind of estate does Clare have?
2. Who receives the property when Clare dies?
3. If Maxine dies before Clare, who receives the property on Clare Deaths?
4. Does Amy have a reversionary interest in the property? Explain
5. What interest does Elizabeth hold?
6. Two remaindermen are involved in the conveyance. Who are they and why are they so classified?
7. Do Elizabeth’s heirs have any interest in the property by this conveyance ?
Problem
This is the first of three tax returns that you will be preparing in this course. This first return will assess your ability to properly handle taxable transfers using the 2513 election to split the gifts. If tax software came with your text purchase, or if you have alternate tax software, you may use it to complete this assignment. If not, a fill-in 2013 709 PDF form can be found in Doc Sharing. Remember, you will be submitting (2) 709 forms, one for James A. Polk and one for Ella R. Polk. If you use the fill-in form in Doc Sharing, two forms are already included.
All submissions for this assignment MUST be in PDF format. If you choose to use tax software, do not submit the tax software file. Save the tax return in PDF format, with your last name in the filename, and submit the PDF file.
#1.
James A. And Ella. R. Polk ages 70 and 65 are retired physicians who live at 13319 Taylorcrest street, Houston, Texas 77079. Their three adult children (Benjamin Polk, Michael Polk, and Olivia Turner) are mature and responsible persons. The Polks have heard that the Obama administration has proposed lowering the Federal gift tax exclusion from $5.25 million to $3 million. Although this change may not occur, the Polks feel they should take advantage of the more generous exclus ...
The following financial statements were prepared at the end of the m.pdf
The following financial statements were prepared at the end of the month of May:
TOPS IN TOPIARY - INCOME STATEMENT FOR the month of May
TOPS IN TOPIARY - STATEMENT OF OWNER'S EQUITY FOR the month of MAY
TOPS IN TOPIARY - BALANCE SHEET AS OF MAY 31
During June the following transactions occurred:
1) Paid the helper the $200 owed from works done in May (the amount owed is in Accounts
Payable).
2) Completed the job for which the customer paid $200 in May. Tops in Topiary collected
$1,000 in cash once finished.
3) Paid $500 for the rent of July.
4) At the end of June notices that there are no supplies left. Makes a note to buy some in July.
5) At the end of June notices that there are few flyers left (used for advertising) worth $100 and
decides to order some for July. Before ordering, the printer (supplier of flyers) asks to be paid
$500 of the amount owed for the flyers done in May. Tops in Topiary pays $500.
6) In June collected in cash $3,000 for 3 jobs are done for a total of $4,200, the rest is owed in
account by the customers.
7) In June decided to start depreciating the equipment bought for $360 that is expected to last for
3 years.
8) In June 23rd Edward Scissorhands withdrew some cash for personal reasons ($3,000).
Prepare "T" Accounts in ACCRUAL Basis for the period ended on June 30th and then answer
the question.
At the end of the accounting period (June 30th, T account after AJE), what is the total of Current
Liabilities?Revenue$2,540Expenses:Rent Expense$500Advertising Expense$500Wages
Expense$200$1,200Net Income$1,340.
SDW is a large international construction company. The company is i.pdf
SDW is a large international construction company. The company is involved in many small
pro-jects both in the United States and around the world. One of these is a sewer line installation
project in a Midwest city. The contract is what is called a cost plus contract, meaning that the
city will pay for all direct costs, including materials and labor, of the project plus an additional
fee to SDW. Roberta Bernhart is the human resources (HR) manager for the project and is
responsible for over-seeing all aspects of employee compensation and HR issues.
SDW is required to produce a variety of reports to the city council on an annual basis. Recently,
the council asked SDW to prepare a report showing the current hourly rates for the non- salaried
work crew on the project. Specifically, the council is interested in any proposed pay increases to
the work crew that will ultimately be passed along to the city. In response to the citys request,
Roberta put together a data file for all 19 non-salaried work crew members, called SDW,
which shows their current hourly pay rate and the proposed increase to take place the first of
next month.
The city council expects the report to contain both graphic and numerical descriptive analyses.
Roberta has outlined the following tasks and has asked you to help her.
Required Tasks:
1. Develop and interpret histograms showing the distributions of current hourly rates and
proposed new hourly rates for the crew members.
2. Compute and interpret key measures of central tendency and variation for the current and new
hourly rates. Determine the coefficient of variation for each. Interpret.
3. Compute a new variable called Pay Increase that reflects the difference between the proposed
new pay rate and the current rate. Develop a histogram for this variable, and then compute key
measures of the center and variation for the new variable.
4. Compute a new variable that is the percentage increase in hourly pay rate. Prepare a graphical
and numerical description of this new variable.
5. Develop joint frequency and joint relative frequency distribution for Pay Increase based on
gender.
6. Develop a box and whisker plot that compares the percentage increase in hourly pay rate by
gender.
7. Prepare a report to the city council that contains the results from tasks 16..
Question 10 Manila Water, the provider of the water and sewe.pdf
Question 10
Manila Water, the provider of the water and sewerage services in the capital of the Philippines
has
purchased the government owned water and sewerage system for the entire country. It promises
to
make the nation's water and sewerage system run as efficiently and profitably as the one it
operates in
Manila. To achieve this goal, Manila Water's top management will first need to engage in _____
planning
to determine what resources are needed to achieve this goal.
O tactical
O operational
O supervisory
O strategic
O functional
Question 9
Medical diagnostic equipment specialist Georgiana Rutland was asked to attend a medical
conference in which the attendees discussed new uses for laser technology in diagnosing certain
types of cancer. Rutland exerted considerable influence over the decisions to adopt the laser
technology because of her ___ power.
O expert
O legitimate
O referent
O controlling
O coercive
Question 8
Steve Miller, group managing director of the Royal Dutch/Shell Group of Companies, uses what
has been labeled as "grassroots leadership" He devotes more then 50 percent of his work time to
getting input from the company's front-line employees. By listening to their suggestions, the
company has increased its productivity and placed an emphasis on quality. His leadership style
is:
O autocratic
O multi-dimensional
O reactive
O participative
O defensive.
Question 3 of 10 View Policies Current Attempt in Progress Bridgep.pdf
Question 3 of 10 View Policies Current Attempt in Progress < Bridgeport Inc. issues 4,150
shares of $100 par value preferred stock for cash at $135 per share. Journalize the issuance of the
preferred stock. (List all debit entries before credit entries. Credit account titles are automatically
indented when amount is entered. Do not indent manually.) Account Titles and Explanation
eTextbook and Media List of Accounts > Save for Later Debit -/2 Credit Attempts: 0 of 3 used
Submit Answer Bridgeport Inc. issues 4,150 shares of $100 par value preferred stock for cash at
$135 per share. Journalize the issuance of the preferred stock. (List all debit entries before credit
entries. Credit occount tities are automotically indented when amount is entered. Do not indent
manually.) eTextbook and Media List of Accounts Attempts: 0 of 3 used.
Q1- On January 1, 2021, P Company acquired 100 of the outstanding sto.pdf
Q1- On January 1, 2021, P Company acquired 100% of the outstanding stock shares of S
Company for a cash payment of 8,000 . Balance Sheets P Company and S Company Jan 01,
2021 P Company S Company Cash 120,000 2,000 Other Current Assets 150,000 5,000
Equipment (net) 100,000 4,000 Land 30,000 2,000 Total Assets 400,000 13,000 Liabilities
60,000 5,000 Common Stock 10 Par Value 200,000 5,000 Other Contributed Capital 40,000
1,000 Retained Earnings 100,000 2.000 Total Liabilities and Equity 400,000 13,000 Instructions:
a)- Record journal entry for investment. b)- Record Eliminating Entries c)- Record the
Computation and Allocation of Difference (Between Implied and Book Values) Schedule. d)-
Record the Consolidated Balance Sheet.
PROMPTHarriet Knox, Ralph Patton, and Marcia Diamond work for a fa.pdf
PROMPT
Harriet Knox, Ralph Patton, and Marcia Diamond work for a family physician, Dr. Gwen
Conrad, who is in private practice. Dr. Conrad is knowledgeable about office management
practices and has segregated the cash receipt duties as follows. Knox opens the mail and
prepares a triplicate list of money received. She sends one copy of the list to Patton, the cashier,
who deposits the receipts daily in the bank. Diamond, the recordkeeper, receives a copy of the
list and posts payments to patients accounts. About once a month the office clerks have an
expensive lunch they pay for as follows. First, Patton endorses a patients check in Dr. Conrads
name and cashes it at the bank. Knox then destroys the remittance advice accompanying the
check. Finally, Diamond posts payment to the customers account as a miscellaneous credit. The
three justify their actions by their relatively low pay and knowledge that Dr. Conrad will likely
never miss the money.
REQUIREMENTS
Please address the following:.
The stockholders equity accounts of Ivanhoe Corporation on January .pdf
The stockholders' equity accounts of Ivanhoe Corporation on January 1, 2027, were as follows.
Preferred Stock (7%, $100 par noncumulative, 4,400 shares authorized) Common Stock ($4
stated value, 294,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock
Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock
(4,400 common shares) Feb. 1 Mar. 20 Oct. 1 Nov. Dec. During 2027, the corporation had the
following transactions and events pertaining to its stockholders' equity. 1 1 $264,000 Dec. 31
940,800 13,200 470,400 699,500 35,200 Issued 4,400 shares of common stock for $30,800.
Purchased 1,400 additional shares of common treasury stock at $8 per share. Declared a 7% cash
dividend on preferred stock, payable November 1. Paid the dividend declared on October 1.
Declared a $0.70 per share cash dividend to common stockholders of record on December 15,
payable December 31, 2027. Paid the dividend declared on December 1. The stockholders equity
accounts of Ivanhoe Corporation on January 1, 2027, were as follows. During 2027, the
corporation had the following transactions and events pertaining to its stockholders' equity. Feb.
1 Issued 4,400 shares of common stock for $30,800. Mar. 20 Purchased 1,400 additional shares
of common treasury stock at $8 per share. Oct. 1 Declareda 7% cash dividend on preferred stock,
payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec 1 Deciared a $0.70
per share cash dividend to common stockholders of record on December 15, payable December
31. 2027. Dec. 31 Paid the dividend declared on December 1.
(a) Prepare a tabular summary that includes the January 1, 2027, balances. Do not include the
beginning balance in Retained (b) Record the 2027 transactions in the tabular summary. Include
margin explanations for the changes in revenues and expenses. (Round answers to 0 decimal
ploces, eg. 5,275.) - Decreases in assets, liabilities, or stockholders' equity require a negative sign
or parentheses. - Increases in expenses require a negative sign or parentheses. - Increases in
Discount on Bonds Poyable require a negotive sign or parentheses. - Increases in Treasury Stock
require a negative sign or parentheses.
(a) BaL. (b) Feb, 1 Mar.20 Oct. 1 Nov. 1 Dec 1 Dec. 31 $$$$ 30,800 .
Stockholders' Equity Retained Earnings Treasury Stock Revenue Expense Dividend ; $$ 5 I.
Retained Earnings Expense $ Dividend $ Commonstock Dividends Interest expense Paid-in-
capital in excess of common stock Paid in-capital in excess of preferred stock Preferred stock.
DRUGS AND ITS classification slide share
Any substance (other than food) that is used to prevent, diagnose, treat, or relieve symptoms of a
disease or abnormal condition
clinical examination of hip joint (1).pdf
described clinical examination all orthopeadic conditions .
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Tax Return Problem Cases ACCT 440 Spring 2016 Inst.docx
Tax Return Problem Cases
ACCT 440
Spring 2016
Instructions: Use the relevant tax forms for your computations. You must download the relevant forms
from the IRS website. Do not use tax software to prepare the returns. You need not complete the state
tax returns. Make sure to include all the relevant supporting schedules for your federal return.
There are a total of five returns assignments. All five returns must be turned in no later than Monday,
May 2 at 5:00 p.m. Please turn in the returns in one envelope to room JH 1111.
This is an individual assignment. You are not allowed to discuss or share the answers with any other
student, friend, tax professional, colleague or a professor.
Tax Return 1:
Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501. Lance works
for the convention bureau of the local chamber of commerce, while Wanda is employed part-time as a
paralegal for a law firm.
a. During 2014, the deans had the following receipts:
Salaries ($60,000 for Lance, $41,000 for Wanda)
Interest income -- $101,000
City of Albuquerque general purpose bonds $1,000
Ford Motor Company bonds 1,100
Ally Bank certificate of deposit 400 2,500
Child support payment from John Allen 7,200
Annual gift from parents 26,000
Settlement from Roadrunner Touring Company 90,000
Lottery winnings 600
Federal income tax refund (for tax year 2013) 400
Wanda was previously married to John Allen. When they divorced several years ago, Wanda was
awarded custody of their two children, Penny and Kyle. (Note: Wanda was never issued a form 8332
wavier.) under the divorce decree, John was obligated to pay alimony and child support--the alimony
payments were to terminate if Wanda remarried.
In July, while going to lunch in downtown Santa Fe, Wanda was injured by a tour bus. As the
driver was clearly at fault, the owner of the bus, Roadrunner Touring Company, paid for her medical
expenses (including one-week stay in a hospital). To avoid a lawsuit, Roadrunner also transferred
$90,000 to her in settlement of the personal injuries she sustained.
The Deans has the following expenditures for 2014:
Medical expenses (not covered by insurance) $7,200
Taxes-
Property taxes on personal residence $3,600
State of new Mexico income tax (includes amount
withheld from wages during 2014) 4,200 7,800
Interest on home mortgage 6,000
Paid church pledge 3,600
Life insurance premiums (policy on Lance’s life) 1,200
Contributions to traditional IRA (on Wanda’s behalf) 5,000
Traffic fines 300
Contributions to the reelection campaign fund of the
major of Santa Fe 500
F ...
Problem Please complete the comprehensive problem providing .docx
Problem: Please complete the comprehensive problem providing detailed computations with labels. The problem is
worth 40% of your grade.
Mike and Laura Weiss are married and file a joint return. Mike is a self-employed orthodontist, and Laura is a college
professor. Mike and Laura have three children. The oldest is Matt, 23, who lives at home and is a Medical student at the
University of Cincinnati. He worked part-time this year and earned $2,500 that he used to pay his own support. Matt and
Laura provided $9,500 toward Matt’s support not including $12,000 they paid for medical school tuition. They also
provided over half the support of their daughter Diane, who is a full-time student at Kenyon College. Diane worked part-
time as a waitress this year, earning $4,500 but received $20,000 for tuition from her parents during 2015. Diane lived at
home until she was married in December 2015 and then moved in with her husband, Patrick. She filed a joint return with
Patrick who made $25,000 during the year. Alice is the youngest and lived in the Weiss’ home for the entire year. She is
14 and attends the local middle school. She made $900 this year in babysitting revenue.
Laura is a math professor at Xavier University in Cincinnati, where she earned $35,000. The university withheld federal
income tax of $3,575, state income tax of $850, Cincinnati city income tax of $350, $1,920 of social security and $485 of
medicare tax. She also worked part-time for the Cincinnati Bengals. The NFL franchise paid her $12,000 in salary and
withheld $1,205 of federal income tax, $350 of state income tax, $155 of Cincinnati city income tax, $590 for social
security and $145 for medicare tax.
Laura is required by the university to visit several high schools in the area to evaluate students who are completing their
student teaching. However, she is not reimbursed for the expenses she incurs in doing this. During the spring and fall
semesters of 2015 she drove her personal automobile 6,350 miles in fulfilling this obligation. She has always used the
standard mileage method for computing this deduction.
The Weiss’s received $1100 of interest from State Savings Bank on a joint account. They also received interest of $1,050
on City of Cincinnati School District Bonds. They own stock in Charter Corporation and Delhi Company which they
received a total of $1,405 in qualified dividends during the year. Mike felt the market was going to crash during 2015 so
he decided to liquidate some stocks and invest the money in his business. They sold the following stock in the beginning
of the year:
Company Date Purch. Date Sold Sales Price Original Cost
Rose Company 500 shares 8/10/2001 1/2/2015 $29,000 $37,000
Big Sky Industries 200 shares 9/12/2015 12/2/2015 $12,000 $15,000
Blue Hat Inc. 150 shares 9/23/2000 1/2/2015 $13,000 $5,500
Laura also sold a painting from her grandmother. Her grandmother died this year and.
Tax Return Assignment REQUIREMENTSPrepare an income tax re.docx
Tax Return Assignment
REQUIREMENTS
Prepare an income tax return by hand in blue pen (no tax software) with provided schedules that were obtained from the IRS website (irs.gov) for the Martinez’s for 2015. In doing this, use the following guidelines:
· You may complete assignment individually or in groups up to 5 people. Place all participating student names on cover sheet.
· Make necessary assumptions for information not given in the problem but needed to complete the return. Be aware of the possible application of certain tax credits.
· The taxpayers have the necessary substantiation (e.g., records, receipts) to support the transactions involved.
· If a refund results, the taxpayers want it sent to them.
· The Martinez’s do not wish to contribute to the Presidential Election Campaign fund.
· In the past several years, the Martinez’s have itemized their deductions from AGI (have not claimed the standard deduction option). In 2014 they claimed $19,600 in itemized expenses.
Facts:
Francisco E. and Eva A. Martinez are married and live at 46 Milano Street, Raleigh, NC 27513. They file a joint return and are calendar year, cash basis taxpayers.
1. Francisco is a self-employed accountant (professional activity code is 541213). He maintains an office at 65 Oreo Way, Suite 105, Raleigh, NC 27514. Francisco’s work-related expenses for 2015 are as follows:
Office rent (prepaid 12 months on 6/1/2015) $18,000
Utilities 2,400
Office expenses (supplies, , etc.) 4,800
Fines issued by Raleigh zoning department related to business 300
Tolls (business related) 550
Parking expense (business related) 250
State and local license fees 600
Renter’s insurance (prepaid 18 months on 6/1/2015) 1,800
Replacement of reception room furnishings (10/5/2015) 3,000
Purchased Apple iMac (business related) 2,500
Meals 1,400
Entertainment (Carolina Panthers tickets with clients) 3,000
Travel 1,800
As is the case with all of Francisco’s business transactions, the meals and entertainment expenses are properly documented and supported by receipts. The meals and entertainment expense relates to taking clients out to eat and discussing business during the meals. Francisco would then take the client/clients across the street to see home Carolina Panthers football games. No business was discussed during or after the games. Francisco uses MACRS and bonus depreciation for expensing computer and furniture. Francisco traveled to Orlando for a 2 day accounting convention and stayed an extra 3 days for sightseeing. Travel expense is composed of the following ($40 ...
Acc 5170 tax return project
ACC 5170 Tax Return Project – 2016
http://homeworktimes.com/downloads/acc-5170-tax-return-project-2016/
David and Ariel Olson are married taxpayers, ages 44 and 42 , respect.pdf
David and Ariel Olson are married taxpayers, ages 44 and 42 , respectively, who file a joint
return for 201. David is an assistant manager at Martinsville Motor Inn, and Ariel is a teacher at
Martinsville Elementary School. They present you with W-2 forms that reflect the following
information: Ariel is the custodial parent of two children from a previous marriage who reside
with the Olsons throughout the school year. The children, Thomas and Tara Parker, reside with
their father, Bob, during the summer. Ariel and Bob divorced 12 years ago. Relevant information
for the children follows: Under the divorce decree, Bob pays child support of $150 per month per
child during the nine months the children live with the Olsons. Bob says that he spends $200 per
month per child during the three summer months they reside with him. Ariel and David can
document that they provide $2,000 support per child per year. In August, David and Ariel added
a suite to their home to provide more comfortable accommodations for Doris, Ariel's mother,
who had moved in with them in February 20x0 after the death of Ariel's father. Not wanting to
borrow money for this addition, David sold 210 shares of Fillmore Corporation stock on May 3,
20x1, and used the proceeds of $22,000 to cover construction costs. The Olsons had purchased
the stock six months ago for $50 per share. They received dividends of $750 on the jointly
owned stock a month before the sale. The Olsons also have a ($4,000) long term capital loss
carryforward from year 20x0. Doris, who is 66 years old, received $7,500 in Social Security
benefits during the year, of which she gave the Olsons $2,000 to use toward household expenses
and deposited the remainder in her personal savings account. The Olsons determine that they
have spent $2,500 of their own money for food, clothing, entertainment, and other items for
Doris. They do not know what the rental value of Doris's suite would be, but they estimate it
would be at least $300 per month. Doris does not file her own tax return. Interest paid by the
Olsons during the year included the following: Home mortgage interest (paid to Martinsville
Federal Savings \& Loan) \$7,890 Interest on an automobile loan (paid to Martinsville National
Bank) 1,660
In July, David hit a submerged rock while boating. Fortunately, he was uninjured after being
thrown from the boat and landing in deep water. However, the boat, which was uninsured, was
destroyed. David had paid $25,000 for the boat in June 20x0, and its value was appraised at
$18,000 on the date of the accident. In December, David contributed $3,000 into his traditional
IRA, and Ariel contributed $1,000 into her traditional IRA. The Olsons paid doctor and hospital
bills of $8,200 and were reimbursed $2,000 by their insurance company. They have filed
additional claims of $1,200 with their insurance company and have been told they should expect
to receive payment for that amount in January 202. They spent $640 for prescription .
Carrie A. Morgan, age 45, is single and lives with her dependent m.docx
Carrie A. Morgan, age 45, is single and lives with her dependent mother at 426 Grouse Avenue, Allentown, PA 18105. Her social security number is 111-11-1111.
1. Carrie is a licensed hairstylist and operates her own business. Located at 480 Laurel Street, Allentown, PA 18105, the business is conducted under the name of “Carrie's Coiffures.” Carrie's business activity code is 812112. In addition to 10 workstations (i.e., stylist chairs) and a small reception area, the shop has display and storage areas for the
products Carrie sells (see item 2 below). During the year, Carrie leased nine of the stations to other hairstylists. As is common practice in similar businesses in the area, the other stylists are considered to be self-employed. In fact, the IRS sanctioned the self-employment classification for the stylists in an audit of one of Carrie's prior tax returns. Each stylist pays Carrie a fixed rent for the use of a workstation, resulting in
$68,000 of rents received during 2012. From her own station, Carrie earned $44,000
(including tips of $12,000) for the styling services she provided to her own clients.
2. Carrie's Coiffures is the local distributor for several beauty products (e.g., conditioners,
shampoos) that cannot be purchased anywhere else. Carrie buys these items from the
manufacturers and sells them to regular patrons, walk-in customers, and other
beauticians (including those who lease chairs from her). Carrie's Coiffures is also
known for the selection and quality of its hairpieces (i.e., wigs, toupees). Through the
shop, Carrie made the following sales during the year:
Hairpieces and wigs $69,000
Beauty products 48,000
3. Although Carrie operates her business on a cash basis, she maintains inventory
accounts for the items she sells as required by law. Relevant information about the
inventories (based on lower of cost or market) is summarized below.
4.
12/31/11 12/31/12
Hairpieces and wigs $10,700 $12,600
Beauty products 11,400 9,900
5. Carrie's purchases for 2012 were $30,500 of hairpieces and wigs and $26,100 of beauty
products.
6. Carrie's Coiffures had the following operating expenses for 2012:
Utilities (i.e., gas, electric, telephone) $12,900
Ad valorem property taxes:
On realty (e.g., shop building and land) $4,200
On personalty (e.g., equipment, inventory) 1,800 6,000
Styling supplies (e.g., rinses, dyes, gels, hair spray) 5,700
Fire and casualty insurance 4,100
Liability insurance 4,000
Accounting services 3,800
Janitorial services 2,400
Sewer service, garbage pickup $ 2,300
Water 2,200
Occupation licenses (city and state) 1,500
Waiting room supplies (e.g., magazines, coffee) 1,300
7. As Carrie prefers to avoid employer-employee arrangements and the payroll tax
complexities, she retains outside agencies to handle her accounting and janitorial
needs.
8. In early 2012, Carrie decided to renovate the waiting room. On May 10, she spent
$10,400 for new chairs, a sofa, various lamps ...
Uop acc 547 week 4 jordan and diana diego
uop acc 547 week 4 jordan and diana diego new,uop acc 547 week 4,acc 547 week 4,uop acc 547 week 4 tutorial,uop acc 547 week 4 assignment,uop acc 547 week 4 help
Uop acc 547 week 4 jordan and diana diego
Jordan and Diana Diego are a married couple filing jointly with one dependent daughter. Jordan works as a manager and earned $68,000 in wages. Diana worked part of the year and earned $40,000 in wages. They paid mortgage interest, property taxes, and made charitable donations. Diana started her own consulting business late in the year earning $8,000 with expenses. They will file a Form 1040, Schedules A, C, E, and SE to report their income and expenses for the tax year.
·You have been engaged to prepare the 2015 federal income tax re.docx
·
You have been engaged to prepare the 2015 federal income tax return for Bob and Melissa Grant.
·
Your tax form submission should include: Form 1040, Schedules A, B, D, E, and Forms 4684 and 8949 as applicable. You will come across many items on the tax return we have not talked about in class; if we have not covered it in class, and it is not included in the information below, you do
not
need to address it on this assignment.
·
Your solution should contain a detailed workpaper that calculates the tax due or refunded with the return and calculated in the form of the tax formula (see Ch. 4 lecture slides). The calculation should be well labeled and EASY to follow. This presentation will be factored into your grade. Do NOT include any references or citations on your workpaper.
·
You may complete the return by hand (
neatly
) or typed using 2015 forms found on Blackboard or the IRS website. You may complete the form using software, one version of which is available in the ACELAB.
o
Note – ACELAB software is for the 2014 tax year; if you choose to use this method, you do not need to override the automatically calculated 2014 information, but your workpaper must detail each line item that will differ between the 2014 form generated and the 2015 forms).
·
Use the following assumptions in preparing the return:
o
The general method of accounting used by the Grants is the cash method.
o
Use all opportunities under law to minimize the 2015 federal income tax.
o
Use whole dollars when preparing the tax return.
o
Do not prepare a state income tax return.
o
Ignore the Line 45 calculation for alternative minimum tax.
o
If required information is missing, use reasonable assumptions to fill in the gaps.
Client memo (5 points)
·
Complete a letter to the client regarding tax planning advice. Identify and explain two reasonable tax planning items the family could use to minimize their tax liability and/or maximize their wealth. All items would be implemented in future years and do not impact the current tax return.
BOB AND MELISSA GRANT
INDIVIDUAL FEDERAL INCOME TAX RETURN
Bob (age 43, SSN #987-45-1234) and Melissa Grant (age 43, SSN #494-37-4893) are married and live in Lexington, Kentucky. The Grants would like to file a joint tax return for the year. The Grants’ mailing address is 95 Hickory Road, Lexington, Kentucky 40502.
The Grants have two children Jared (SSN #412-32-5690), age 18, and Alese (SSN #412-32-6940), age 12. Jared is still in high school and works part time as a waiter and earns about $2,000 a year. The Grant’s also provide financial support to Bob’s aged (85 years) grandfather, Michael Sr., who is widowed and lives alone. Michael Sr.’s Social Security number is 982-21-5543. He has no income and the Grant’s provide 100 percent of his support.
Bob Grant’s Forms W-2 provided the following wages and withholding for the year:
Employer
Gross Wages
Federal Income Tax Withholding
State Income Tax Withholding
National Sto.
ACC 456 Education Specialist / snaptutorial.com
For more classes visit
www.snaptutorial.com
Resource: This week's Lynda.com videos.
Write a 350- to 700-word paper describing the key points in the videos.
Explain why these key points are important.
Acc 4010 Entire Course NEW
Check this A+ tutorial guideline at
http://www.uopassignments.com/acc-4010
For more classes visit
http://www.uopassignments.com/
1- Jacob and Chloe are married and together have AGI of $30-000- They.docx
1. Jacob and Chloe are married and together have AGI of $30,000. They have two dependents and file a joint return. Each pays $1,200 for hospitalization insurance. During the year, they paid the following amounts for medical care: $7,000 in doctor and dentist bills and hospital expenses, and $1,700 for prescribed medicine and drugs. In December, they received an insurance reimbursement of $2,700 for hospitalization. Determine the deduction allowable for medical expenses paid during the year.
a. $11,100.
b. $9,150.
c. $8,850.
d. $6,150.
e. None of the above.
2. Samuel and Lopita, married taxpayers, took out a mortgage on their home for $150,000 in 2004. In May of 2010, when the home had a fair market value of $175,000 and they owed $100,000 on the mortgage, they took out a home equity loan for $120,000. They used the funds to purchase a single engine airplane to be used for recreational travel purposes. What is the maximum amount of debt on which they can deduct home equity interest?
a. $75,000.
b. $100,000.
c. $120,000.
d. $175,000.
e. None of the above.
Solution
1)
b. $9,150.
2)
c. $120,000.
.
Question 11. John and Mane are married and live in your state..docx
Question 1
1. John and Mane are married and live in your state. The deed conveying their property states, “to John A. Kowalski and Mae F. Kowalski, husband and wife, as joint tenants in common.” (a) Would this conveyance create a tenancy by the entirely in your state? (b) Cite our state statute, if any. …… (my state is California)
2. What five unities are necessary for the establishment of a tenancy by the entirety? Explain each one.
3. Which unity exists in tenancy by the entirety but not in joint tenancy?
4. Select a state that recognizes tenancy by the entirety (possibly your own state) and identify the type of tenancy created by the following conveyance according to the courts of that state. Each conveyance is to husband and wife with wording as indicated.
Joint Tenancy
Tenancy by the entirety
Tenancy in Common
“as tenants by the entirety”
“as tenants by the entirety with the right of survivorship”
“with the right of survivorship”
“as joint tenants”
“as tenants in common’
“ no other words, just to “husband and wife”
Question 2
After reviewing freehold estates. Answer the following questions.
Amy conveys by deed her lake cottage to ”Clare for life, then to Maxine for 20 years, then to Elizabeth and her heirs.
1. What of kind of estate does Clare have?
2. Who receives the property when Clare dies?
3. If Maxine dies before Clare, who receives the property on Clare Deaths?
4. Does Amy have a reversionary interest in the property? Explain
5. What interest does Elizabeth hold?
6. Two remaindermen are involved in the conveyance. Who are they and why are they so classified?
7. Do Elizabeth’s heirs have any interest in the property by this conveyance ?
Problem
This is the first of three tax returns that you will be preparing in this course. This first return will assess your ability to properly handle taxable transfers using the 2513 election to split the gifts. If tax software came with your text purchase, or if you have alternate tax software, you may use it to complete this assignment. If not, a fill-in 2013 709 PDF form can be found in Doc Sharing. Remember, you will be submitting (2) 709 forms, one for James A. Polk and one for Ella R. Polk. If you use the fill-in form in Doc Sharing, two forms are already included.
All submissions for this assignment MUST be in PDF format. If you choose to use tax software, do not submit the tax software file. Save the tax return in PDF format, with your last name in the filename, and submit the PDF file.
#1.
James A. And Ella. R. Polk ages 70 and 65 are retired physicians who live at 13319 Taylorcrest street, Houston, Texas 77079. Their three adult children (Benjamin Polk, Michael Polk, and Olivia Turner) are mature and responsible persons. The Polks have heard that the Obama administration has proposed lowering the Federal gift tax exclusion from $5.25 million to $3 million. Although this change may not occur, the Polks feel they should take advantage of the more generous exclus ...
Similar to Problem 2 Chapter 9 Moving expensesInstructionsAt the request of he.pdf (13)
Tax Return Problem Cases ACCT 440 Spring 2016 Inst.docx
Tax Return Problem Cases ACCT 440 Spring 2016 Inst.docx
Problem Please complete the comprehensive problem providing .docx
Problem Please complete the comprehensive problem providing .docx
Tax Return Assignment REQUIREMENTSPrepare an income tax re.docx
Tax Return Assignment REQUIREMENTSPrepare an income tax re.docx
David and Ariel Olson are married taxpayers, ages 44 and 42 , respect.pdf
David and Ariel Olson are married taxpayers, ages 44 and 42 , respect.pdf
Carrie A. Morgan, age 45, is single and lives with her dependent m.docx
Carrie A. Morgan, age 45, is single and lives with her dependent m.docx
·You have been engaged to prepare the 2015 federal income tax re.docx
·You have been engaged to prepare the 2015 federal income tax re.docx
1- Jacob and Chloe are married and together have AGI of $30-000- They.docx
1- Jacob and Chloe are married and together have AGI of $30-000- They.docx
Question 11. John and Mane are married and live in your state..docx
Question 11. John and Mane are married and live in your state..docx
More from Clothcafejpr
The following financial statements were prepared at the end of the m.pdf
The following financial statements were prepared at the end of the month of May:
TOPS IN TOPIARY - INCOME STATEMENT FOR the month of May
TOPS IN TOPIARY - STATEMENT OF OWNER'S EQUITY FOR the month of MAY
TOPS IN TOPIARY - BALANCE SHEET AS OF MAY 31
During June the following transactions occurred:
1) Paid the helper the $200 owed from works done in May (the amount owed is in Accounts
Payable).
2) Completed the job for which the customer paid $200 in May. Tops in Topiary collected
$1,000 in cash once finished.
3) Paid $500 for the rent of July.
4) At the end of June notices that there are no supplies left. Makes a note to buy some in July.
5) At the end of June notices that there are few flyers left (used for advertising) worth $100 and
decides to order some for July. Before ordering, the printer (supplier of flyers) asks to be paid
$500 of the amount owed for the flyers done in May. Tops in Topiary pays $500.
6) In June collected in cash $3,000 for 3 jobs are done for a total of $4,200, the rest is owed in
account by the customers.
7) In June decided to start depreciating the equipment bought for $360 that is expected to last for
3 years.
8) In June 23rd Edward Scissorhands withdrew some cash for personal reasons ($3,000).
Prepare "T" Accounts in ACCRUAL Basis for the period ended on June 30th and then answer
the question.
At the end of the accounting period (June 30th, T account after AJE), what is the total of Current
Liabilities?Revenue$2,540Expenses:Rent Expense$500Advertising Expense$500Wages
Expense$200$1,200Net Income$1,340.
SDW is a large international construction company. The company is i.pdf
SDW is a large international construction company. The company is involved in many small
pro-jects both in the United States and around the world. One of these is a sewer line installation
project in a Midwest city. The contract is what is called a cost plus contract, meaning that the
city will pay for all direct costs, including materials and labor, of the project plus an additional
fee to SDW. Roberta Bernhart is the human resources (HR) manager for the project and is
responsible for over-seeing all aspects of employee compensation and HR issues.
SDW is required to produce a variety of reports to the city council on an annual basis. Recently,
the council asked SDW to prepare a report showing the current hourly rates for the non- salaried
work crew on the project. Specifically, the council is interested in any proposed pay increases to
the work crew that will ultimately be passed along to the city. In response to the citys request,
Roberta put together a data file for all 19 non-salaried work crew members, called SDW,
which shows their current hourly pay rate and the proposed increase to take place the first of
next month.
The city council expects the report to contain both graphic and numerical descriptive analyses.
Roberta has outlined the following tasks and has asked you to help her.
Required Tasks:
1. Develop and interpret histograms showing the distributions of current hourly rates and
proposed new hourly rates for the crew members.
2. Compute and interpret key measures of central tendency and variation for the current and new
hourly rates. Determine the coefficient of variation for each. Interpret.
3. Compute a new variable called Pay Increase that reflects the difference between the proposed
new pay rate and the current rate. Develop a histogram for this variable, and then compute key
measures of the center and variation for the new variable.
4. Compute a new variable that is the percentage increase in hourly pay rate. Prepare a graphical
and numerical description of this new variable.
5. Develop joint frequency and joint relative frequency distribution for Pay Increase based on
gender.
6. Develop a box and whisker plot that compares the percentage increase in hourly pay rate by
gender.
7. Prepare a report to the city council that contains the results from tasks 16..
Question 10 Manila Water, the provider of the water and sewe.pdf
Question 10
Manila Water, the provider of the water and sewerage services in the capital of the Philippines
has
purchased the government owned water and sewerage system for the entire country. It promises
to
make the nation's water and sewerage system run as efficiently and profitably as the one it
operates in
Manila. To achieve this goal, Manila Water's top management will first need to engage in _____
planning
to determine what resources are needed to achieve this goal.
O tactical
O operational
O supervisory
O strategic
O functional
Question 9
Medical diagnostic equipment specialist Georgiana Rutland was asked to attend a medical
conference in which the attendees discussed new uses for laser technology in diagnosing certain
types of cancer. Rutland exerted considerable influence over the decisions to adopt the laser
technology because of her ___ power.
O expert
O legitimate
O referent
O controlling
O coercive
Question 8
Steve Miller, group managing director of the Royal Dutch/Shell Group of Companies, uses what
has been labeled as "grassroots leadership" He devotes more then 50 percent of his work time to
getting input from the company's front-line employees. By listening to their suggestions, the
company has increased its productivity and placed an emphasis on quality. His leadership style
is:
O autocratic
O multi-dimensional
O reactive
O participative
O defensive.
Question 3 of 10 View Policies Current Attempt in Progress Bridgep.pdf
Question 3 of 10 View Policies Current Attempt in Progress < Bridgeport Inc. issues 4,150
shares of $100 par value preferred stock for cash at $135 per share. Journalize the issuance of the
preferred stock. (List all debit entries before credit entries. Credit account titles are automatically
indented when amount is entered. Do not indent manually.) Account Titles and Explanation
eTextbook and Media List of Accounts > Save for Later Debit -/2 Credit Attempts: 0 of 3 used
Submit Answer Bridgeport Inc. issues 4,150 shares of $100 par value preferred stock for cash at
$135 per share. Journalize the issuance of the preferred stock. (List all debit entries before credit
entries. Credit occount tities are automotically indented when amount is entered. Do not indent
manually.) eTextbook and Media List of Accounts Attempts: 0 of 3 used.
Q1- On January 1, 2021, P Company acquired 100 of the outstanding sto.pdf
Q1- On January 1, 2021, P Company acquired 100% of the outstanding stock shares of S
Company for a cash payment of 8,000 . Balance Sheets P Company and S Company Jan 01,
2021 P Company S Company Cash 120,000 2,000 Other Current Assets 150,000 5,000
Equipment (net) 100,000 4,000 Land 30,000 2,000 Total Assets 400,000 13,000 Liabilities
60,000 5,000 Common Stock 10 Par Value 200,000 5,000 Other Contributed Capital 40,000
1,000 Retained Earnings 100,000 2.000 Total Liabilities and Equity 400,000 13,000 Instructions:
a)- Record journal entry for investment. b)- Record Eliminating Entries c)- Record the
Computation and Allocation of Difference (Between Implied and Book Values) Schedule. d)-
Record the Consolidated Balance Sheet.
PROMPTHarriet Knox, Ralph Patton, and Marcia Diamond work for a fa.pdf
PROMPT
Harriet Knox, Ralph Patton, and Marcia Diamond work for a family physician, Dr. Gwen
Conrad, who is in private practice. Dr. Conrad is knowledgeable about office management
practices and has segregated the cash receipt duties as follows. Knox opens the mail and
prepares a triplicate list of money received. She sends one copy of the list to Patton, the cashier,
who deposits the receipts daily in the bank. Diamond, the recordkeeper, receives a copy of the
list and posts payments to patients accounts. About once a month the office clerks have an
expensive lunch they pay for as follows. First, Patton endorses a patients check in Dr. Conrads
name and cashes it at the bank. Knox then destroys the remittance advice accompanying the
check. Finally, Diamond posts payment to the customers account as a miscellaneous credit. The
three justify their actions by their relatively low pay and knowledge that Dr. Conrad will likely
never miss the money.
REQUIREMENTS
Please address the following:.
The stockholders equity accounts of Ivanhoe Corporation on January .pdf
The stockholders' equity accounts of Ivanhoe Corporation on January 1, 2027, were as follows.
Preferred Stock (7%, $100 par noncumulative, 4,400 shares authorized) Common Stock ($4
stated value, 294,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock
Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock
(4,400 common shares) Feb. 1 Mar. 20 Oct. 1 Nov. Dec. During 2027, the corporation had the
following transactions and events pertaining to its stockholders' equity. 1 1 $264,000 Dec. 31
940,800 13,200 470,400 699,500 35,200 Issued 4,400 shares of common stock for $30,800.
Purchased 1,400 additional shares of common treasury stock at $8 per share. Declared a 7% cash
dividend on preferred stock, payable November 1. Paid the dividend declared on October 1.
Declared a $0.70 per share cash dividend to common stockholders of record on December 15,
payable December 31, 2027. Paid the dividend declared on December 1. The stockholders equity
accounts of Ivanhoe Corporation on January 1, 2027, were as follows. During 2027, the
corporation had the following transactions and events pertaining to its stockholders' equity. Feb.
1 Issued 4,400 shares of common stock for $30,800. Mar. 20 Purchased 1,400 additional shares
of common treasury stock at $8 per share. Oct. 1 Declareda 7% cash dividend on preferred stock,
payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec 1 Deciared a $0.70
per share cash dividend to common stockholders of record on December 15, payable December
31. 2027. Dec. 31 Paid the dividend declared on December 1.
(a) Prepare a tabular summary that includes the January 1, 2027, balances. Do not include the
beginning balance in Retained (b) Record the 2027 transactions in the tabular summary. Include
margin explanations for the changes in revenues and expenses. (Round answers to 0 decimal
ploces, eg. 5,275.) - Decreases in assets, liabilities, or stockholders' equity require a negative sign
or parentheses. - Increases in expenses require a negative sign or parentheses. - Increases in
Discount on Bonds Poyable require a negotive sign or parentheses. - Increases in Treasury Stock
require a negative sign or parentheses.
(a) BaL. (b) Feb, 1 Mar.20 Oct. 1 Nov. 1 Dec 1 Dec. 31 $$$$ 30,800 .
Stockholders' Equity Retained Earnings Treasury Stock Revenue Expense Dividend ; $$ 5 I.
Retained Earnings Expense $ Dividend $ Commonstock Dividends Interest expense Paid-in-
capital in excess of common stock Paid in-capital in excess of preferred stock Preferred stock.
More from Clothcafejpr (7)
The following financial statements were prepared at the end of the m.pdf
The following financial statements were prepared at the end of the m.pdf
SDW is a large international construction company. The company is i.pdf
SDW is a large international construction company. The company is i.pdf
Question 10 Manila Water, the provider of the water and sewe.pdf
Question 10 Manila Water, the provider of the water and sewe.pdf
Question 3 of 10 View Policies Current Attempt in Progress Bridgep.pdf
Question 3 of 10 View Policies Current Attempt in Progress Bridgep.pdf
Q1- On January 1, 2021, P Company acquired 100 of the outstanding sto.pdf
Q1- On January 1, 2021, P Company acquired 100 of the outstanding sto.pdf
PROMPTHarriet Knox, Ralph Patton, and Marcia Diamond work for a fa.pdf
PROMPTHarriet Knox, Ralph Patton, and Marcia Diamond work for a fa.pdf
The stockholders equity accounts of Ivanhoe Corporation on January .pdf
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Any substance (other than food) that is used to prevent, diagnose, treat, or relieve symptoms of a
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Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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www.StokeNewingtonHistory.com
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This Dissertation explores the particular circumstances of Mirzapur, a region located in the
core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
environment for investigating the changes in vegetation cover dynamics. Our study utilizes
advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
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like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
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centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
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crucial for coordinated efforts across different administrative levels. Advanced technologies like
Remote Sensing and Geographic Information Systems
9
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