Determine the maximum deduction from agi

Assignment Help Project Management
Reference no: EM13991853

Determine the maximum deduction from AGI for 2010 for each of the following taxpayers:

  • Pedro is single and maintains a household for his father. His father is not a dependent of Pedro's. Pedro's itemized deductions are $6,400, of which $800 are for real estate taxes.
  • Jie and Ling are married. Jie is 66 years old, and Ling is 62. They have itemized deductions of $13,200.
  • Myron and Samantha are married, and both are 38 years of age. Samantha is legally blind. They have itemized deductions of $11,200.
  • Joelynn is divorced and maintains a home for her 21-year-old son, who is a part- time student at the local university. He pays less than one-half of his support and his earned income for the year is $3,000. Her itemized deductions are $8,100.
  • Frank is 66 years of age. During the year, his wife dies. His itemized deductions are $11,500.
  • Assume the same facts as in part e, except that Frank's wife dies in 2009.

Reference no: EM13991853

Questions Cloud

What are your projected year 1 sales : A separate version of the worksheet is provided in the Course Resources if you would like to experiment with preparation of the Balance Sheet.
Write a one page summary paper about the given article : Write a summary paper about the article "Invisible men and women: A status report on race as a variable in organization behavior research" by TAYLOR COX, Jr. and STELLA M. NKOMO.
Determining the itemized deductions : a.Selen is single and has itemized deductions for the year of $5,800, of which $1,000 are for real estate taxes. In addition, Selen's mother lives with her, but she does not claim her mother as a dependent.
What is the value of each of the identified assets : What is the value of each of the identified assets and how would you determine the 5 most critical assets in your locality? ?What criteria would you use to determine asset value? Explain.
Determine the maximum deduction from agi : Determine the maximum deduction from AGI for 2010 for each of the following taxpayers:
Total expenses of maintaining the condominium : Simon is single and owns a condominium in Florida. His father lives in the condominium, and Simon receives $1,000 per year from his father as rent. The total expenses of maintaining the condominium are $15,000. His father receives a pension of $25..
Review and reflect on the sectors-assets and vulnerabilities : What were the most compelling points from the interaction with your fellow students and how did participating in this discussion help in your understanding of the Discussion Board task?
Legal age and none lives in the household : Sam's wife died in February of last year. Their children are all of legal age and none lives in the household. Sam has not remarried. Would your answer to part e change if Sam has a dependent child who still lives in the home?
Determining the other household costs : Victor gives his mother, Maria, $10,000 a year to help pay for her food, rent, and other household costs. Her only income is $8,000 in Social Security benefits.

Reviews

Write a Review

Project Management Questions & Answers

  Prepare the introduction section

Using the provided template for the Project Management Plan, prepare the Introduction section. This section will include a statement of the problem and its impact on the organization

  Describe the scope of the project and control measures

Describe the scope of the project and control measures. Describe the goals and objectives of the project. Include a high-level overview of all project deliverables

  Regarding meetings

Which of the following is NOT true regarding meetings? a) A written agenda should be distributed in advance of the meeting. b) The agenda should announce pre-set starting and stopping times. c) It is appropriate to be flexible and extend a meeting's ..

  Critical issues faced by managers

Identify the most critical issues faced by managers with regard to the topic.

  Toyotas capabilities and core competencies

Toyota: The Once in a Century Challenge and answer three questions: Analyse the case and answer three questions: 1. Analyse the reasons for the problems faced by Toyota in 2009. 2. Identify Toyota's capabilities and core competencies.

  Detailed project plan for all of final implementation

In this final week, you have one more major task. Develop a detailed project plan for all of the final implementation, acceptance confirmation, and closeout activities, and then transition it to the operations teams

  Explain a recent project identify the problems associated

explain a recent project. identify the problems associated with the project and show how project management principles

  Formation of rosa corporation

Shortly thereafter, Shirley sells all her stock to Don per a written agreement executed before the formation of Rosa Corporation. Prepare a memorandum discussing the effect of this prearranged agreement.

  Project management practices

If you don't have personal experience with a project, research how project management practices have made projects successful.

  Discuss the legal issue of failure to train in your response

Explain how you plan on initiating each of these 4 steps to assist you in planning security services for the facility - Establishing a goal or set of goals

  Communication in conflict analysisi need some help

communication in conflict analysisi need some help understanding what is meant by communication in conflict analysis

  Comparison and similarities of two projects

Introduction.The analyses, comparison and similarities of two projects which are China Telecom Corporation and The South Coast Telecommunications, in the light of triple quality constraints. The overview of the lesson learnt from the both projects.

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