Find kathys correct filing status

Assignment Help Cost Accounting
Reference no: EM1377472

Intermediate Scenario 1: Kathy Greenlee
Interview Notes
• Kathy is a 53-year-old elementary school teacher.
• Kathy spent $400 on school supplies for the year.
• Kathy is divorced and her unmarried 27-year-old son Alex lived with her all of 2011. Alex is not disabled.
• Alex's only income is $3,545. • Kathy paid all the household expenses and provided over half of Alex's support. • Kathy and Alex are U.S. citizens and have valid social security numbers.

Test Questions
1. Find Kathy's correct filing status is Head of Household. a. True

b. False
2. What are the needs for Kathy to claim an educator expense adjustment?

a. She must teach grades K-12 b. She must have worked at least 900 hours through the school year c. She must have out of pocket expenses for school supplies

d. All of the above

Reference no: EM1377472

Questions Cloud

Evaluate the cost of a 20-guest afternoon picnic : Evaluate the cost of a 20-guest afternoon picnic and evaluate the cost of a 20-guest evening formal dinner.
Compute the taxable income : The computer is used 100 percent for business. Muhammad did not make a $179 election with respect to computer. He does not claim additional first-year depreciation.
Construct a decision tree based on this information taking : You have the option to refer first to get perfect knowledge which will help knowing what will happen (good/bad). Construct a decision tree based on this information taking into account inflexible, flexible, and consulting.
consider how this affects capacity planning : Your Organization has added a new dealership line to receive the key fob remote. The projected sales for the next six months are 150,000 cars, needing two fobs each. Consider explain how this affects capacity planning.
Find kathys correct filing status : Find Kathy's correct filing status is Head of Household - what are the needs for Kathy to claim an educator expense adjustment?
Explain how much could the organization save annually : About explain how many runs per year would there be. Explain how much could the organization save annually if the setup cost could be reduced to $25 per run.
Explain noncompetition clause and public policy : Explain Noncompetition Clause and Public Policy -A man entered into a agreement to buy a small business from the entrepreneur who had started it. Formerly completing the formalities the buyer learned that the entrepreneur had taken a job with a lar..
Explain the importance of an efficient directory structure : illustrate what is the epmo metric also explain how does it compare with a six-sigma level. Explain the importance of an efficient directory structure also relate a scenario which will justify your explanation.
What amount is the note payable recorded : What amount is the note payable recorded at on 1 st October and how much interest is recognized from October 1 to December 31?

Reviews

Write a Review

Cost Accounting Questions & Answers

  Compute the break-even point

How many dollars of revenue must K-Henry's find in order to reach the break-even point? Evaluate the price be if the company expected a volume of 120,000 units and used a markup of 50%?

  Determine net cash flow from operations

Determine net cash flow from operations

  Evaluate how much of the factory overhead cost

Find what total overhead costs would you expect the company to incur at an operating level of 66,330 machine-hours?

  Evaluate how much is included in arlene''s gross estate

Find how much is included in the gross estate if the 2032 election is not made and Evaluate how much is included in Arlene's gross estate?

  Class of assets could be reported in accordance

State carrying value and whether every asset/ asset class should be amortised. Identify any choice of method permitted for IP Ltd.

  When this transaction galaxy debit

An appraisal shows that the land's value is $400,000 and the building's value is $500,000. When recording this transaction Galaxy

  Find how much direct labor should be budgeted for june

Looker Hats is planning to sell 600, and produce felt hats 700 during June. Each hat requires 1/2 yard of felt and 1/4 hour of direct labor. Felt costs $3.00 per yard and employees of the company are paid $20 per hour. Find How much direct labor s..

  The predetermined moh rate per machine hr

Evaluate the predetermined MOH rate per machine hr - Smith paints allocates overhead based on machine hours.

  Evaluate the amount of milt''s income

Evaluate the amount of Milt's income that is subject to income tax by each state. Make sure to evaluate the full taxable income and show all calculations.

  Evaluate what is the npv for each project

Find what is the IRR for each project and evaluate what is the NPV for each project?

  Which one of the following is the actual roi for the year

Safety Seats Co. recorded operating data for its shoe division for the year. The company's desired ROI is 5%- Which one of the following is the actual ROI for the year

  Explain about human capital expenditures

Do you think that expenditures on human capital should be treated as an asset or an expense? Why or why not?

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