User Account

All Pages

Dylan had a tax overpayment of 1200 on his 2010 state

Assignment Help Accounting Basics
Reference no: EM13597297

Dylan is a self-employed, calendar year taxpayer. He reports on the cash basis. Dylan made the following estimated state income tax payments:
Date Amount

  • January 18, 2011 $1800 (4th payment for 2010)
  • April 15, 2011 $2250 (1st payment for 2011)
  • June 15, 2011 $2250 (2nd payment for 2011)
  • September 15, 2011 $2250 (3rd payment for 2011)
  • January 17, 2012 $2250 (4th payments for 2011)

Dylan had a tax overpayment of $1200 on his 2010 state income tax return and, rather than requesting a refund, had the overpayment applied to his 2011 state income taxes. What is the amount of Dylan's state income tax itemized deduction for his 2011 Federal income tax return?

Reference no: EM13597297

Questions Cloud

Your boss has asked you to work up a simulation model to : your boss has asked you to work up a simulation model to examine the uncertainty regarding the success or failure of
Radovilsky manufacturing company in hayward california : radovilsky manufacturing company in hayward california makes flashing lights for toys. the company operates its
Complete the variable costing income statement for 2010 : bobs company builds custom fishing lures for sporting goods stores. in its first year of operations 2010 the company
Golden flights inc is considering buying some specialized : golden flights inc. is considering buying some specialized machinery that would enable the company to obtain a six-year
Dylan had a tax overpayment of 1200 on his 2010 state : dylan is a self-employed calendar year taxpayer. he reports on the cash basis. dylan made the following estimated state
Reichenbach co organized in 2009 has set up a single : reichenbach co. organized in 2009 has set up a single account for all intangible assets. the following summary
Given the tax effects of covering the property to rental : mary and charles have owned a beach cottage on the new jersey shore for several years and have always used it as a
Does the companys net income convert into more or less cash : a how much net income does the company earn from each dollar of sales?b is the company financed primarily by debt or
Diego sold his personal residence to dinah on july 1 2011 : diego sold his personal residence to dinah on july 1 2011. he had paid real property taxes on march 1 2011 the due date

Reviews

Write a Review

Accounting Basics Questions & Answers

  Softball team as a form of advertising

A new employee suggests that RedEx sponsor a company softball team as a form of advertising. The cost to sponsor the team is $1,792. How many more units must be sold to cover this cost?

  Sales totaled 1775500 variable selling expenses totaled

carr company produces a single product.during the past year carr manufactured 38000 units and sold 26500

  When sample company prepared their operating budget for

when sample company prepared their operating budget for 2013 they estimated that theyd have 100000 hours of direct

  Compute the employers payroll taxes using the following

according to a summary of the payroll of apline publishing co. 460000 was subject to the 7.5 fica tax. also 39000 was

  Nick and jolene are married nick is 61 and retired in 2011

nick and jolene are married. nick is 61 and retired in 2011 from his job with amalgamated company. jolene is 56 and

  O january 1 2007 the company obtained a 1 million 5 year

on february 1 2007 the caper manufacturing co. began construction of a building to be used as corporate offices. the

  In what ratio is net income to be divided

Partner A has a capital balance of $20,000 and devotes full time to the partnership. Partner B has a capital balance of $30,000 and devotes half time to the partnership. In what ratio is net income to be divided?

  Intermountain delivery company acquired an adjacent lot to

determining cost of landintermountain delivery company acquired an adjacent lot to construct a new warehouse paying

  Regulations ultimately issued for that statute

When Congress passes a statute with language such as, "The Secretary shall prescribe such regulations as he may deem necessary," the regulations ultimately issued for that statute are:

  Nanette is a third-grade teacher potential deductions are

nanette is a third-grade teacher. potential deductions are charitable contributions of 520 personal property taxes on

  Caluculate the amount of dividends actually paid

Clifford Company's comparative balance sheet included dividends payable of $80,000 at December 31, 2009, and $100,000 at December 21, 2010. Dividends declared by Clliford during 2010 amounted to $400,000.

  At the end of year 1 lane co held trading securities that

at the end of year 1 lane co. held trading securities that cost 86000 and had a year-end market value of 92000. during

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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