### Which tax bracket do you fit into for gross household income

Assignment Help Accounting Basics
##### Reference no: EM132234963

Question: Tax Brackets and Deductions

Conduct online research for federal income tax brackets for the current year. Which tax bracket do you fit into for your gross household income? How close is your gross household income to the next lowest tax bracket? Create a list of possible deductions for your household. Are you able to reduce your taxable income enough to place you in the next lowest tax bracket? If not, what are some steps you could take to do so (this year or next year)?

#### Articles on healthcare reform

For this assignment you will write a three to four page paper addressing the following: - Locate a minimum of three articles on healthcare reform and how it has impacted qual

#### Gross tax liability using the tax rate schedules

Linda is a qualifying widow in 2010. In 2010, she reported \$75,000 of taxable income (all ordinary). What is her gross tax liability using the tax rate schedules?

#### Cost of the inventory lost in the fire

A fire destroyed the inventory on January 20, 2011 except for purchases in transit, FOB shipping point of \$6,000, and goods having a selling price of \$4,700 that were salvag

#### Calculate the companys preliminary net income

Prepare accrual basis journal entries for each transaction. Be sure to categorize each account as an Asset (A), Liability (L), Stockholders' Equity (SE), Revenue (R), or Expen

#### Which is amortized monthly using the straight line basis

On August 1, 2015, \$100,000 of the bonds were converted. Interest has been accured monthly and paid as due. Any interest accured at the time of conversion of the bonds is pa

#### Information available and the percentage-of-sales method

Prepare a pro-forma statement of cash flows using the latest information available and the percentage-of-sales method, ratio analysis, or vertical or horizontal analysis to

#### Weighted-average process in the costing system

Sumter Company uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month

#### Determine the amount to be paid

Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior to payment and that al