Took classes part-time in the fall

Assignment Help Managerial Accounting
Reference no: EM131221064

Denise (SSN 182-90-0113) and Marcus Anders claim their two children, David (SSN 392-40-7417, age 7) and Stacy (SSN 813-20-4444, age 11) as dependents. During the year, Denise worked full-time and earned $38,200. Marcus was a full-time student at the local college for 9 months during the year. The Anders paid Tanya McCully (SSN 921-44-0122) $5,500 for qualified childcare expenses that allowed Denise to work and Marcus to attend college. Tanya lives at 130 N. Main Street, Unit B, Memphis, TN 37501.

a. Compute the Ander’s child and dependent care credit if their AGI is $38,710.

b. How, if at all, would your answer for Part a. change if Marcus attended college full-time for five months duering the spring semester, but only took classes part-time in the fall?

c. Prepare Form 2441 for the Anders Part b. The Anders’s tax liability limit is $1,013.

Reference no: EM131221064

Analyse the current financial state of anthonys orchard

Analyse the current financial state of Anthony's Orchard and evaluate the impact of a major customer cancelling their expected order - Compare 2011 unit and total materials a

Break-even in units for revenue

Assume a fixed cost for an investment in a piece of equipment of $15,000, a variable cost to produce each unit of product with the equipment at $10, and a selling price for

Cost of manufacturing plant

My company plans to build a new manufacturing facility in 14 years. If my company estimates that today's cost is 543,219,876 and the annual inflation is 5%, how much will be

Determining cvp analysis

JungleGym, a best-selling toy has a selling price of $15. If the contribution margin ratio is 40% and if the fixed costs are $60,000, how many JungleGyms must the company se

Analyze the capital cycle for proper managerial techniques

To succeed in a competitive environment, the capital cycle must be competently managed. The long-term success of any organization depends on its ability to make capital invest

Entries for uncollectible accounts

Journalize the transactions in the accounts of Pro Medical Co., a medical equipment company that uses the direct write-off method of accounting for uncollectible receivables

Calculate the ratio for 2012 that would reflect

The extent to which the claims of short-term creditors are covered by assets that can be translated into cash in the short term and the extent to which long-term debt is cov

Prepare a flexible budget performance report

Refer to information in QS 23-14. Assume that actual sales are $ 480,000, actual variable costs for the year are $ 112,000, and actual fixed costs for the year are $ 145,000.


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd