Questioncomplete the subsequent tax returns 1040 and

Assignment Help Financial Accounting
Reference no: EM13348775

Question:

Complete the subsequent tax return's 1040 and Schedule A.

Subsequent is a list of information for Amy and Peter Jones for the current tax year. Peter and Amy are married and have three children, Bryson, Aubrynne and Caden. They live at 1846 Joplin Way, Lakeville, MN 55022. Peter is a lawyer and Amy works part-time at a genetics research lab. The Jones' Social Security Numbers and ages are as given:

Name S.S. Number Age

Peter 215-60-1989 ,32

Amy 301-60-2828 ,28

Aubrynne 713-84-5555 ,5

Bryson 714-87-2222 ,3

Caden 714-89-1684 ,1

Peter's Salary: $70,000

Amy's Salary: $32,000

Items they want you to suppose for their itemized deduction:

Eyeglasses and eye exam for Aubrynne $600

Orthodontic work for Bryson to correct congenital defect 2,500

Medical insurance premiums 1,800

Withholding for state income taxes 7,200

Withholding for federal income taxes 16,000

State income taxes paid with last year's return 500

Property taxes on home 1,100

Property taxes on automobile 300

Interest on home 9,700

Interest on credit cards 200

Reference no: EM13348775

Questions Cloud

Questionderivatives accounting for forward contracts candra : questionderivatives accounting for forward contracts candra christensen cuisine operates a chain of fine seafood
Question numerous years ago polar inc acquired an 80 : question numerous years ago polar inc. acquired an 80 interest in icecap corp. the book values of icecaps liability and
Question1 for each of the subsequent independent situations : question1 for each of the subsequent independent situations relating to the audit of internal controls show the reason
Question 1i the function of a financial system is only to : question 1i the function of a financial system is only to channel funds from the surplus to the deficit unitsii analyse
Questioncomplete the subsequent tax returns 1040 and : questioncomplete the subsequent tax returns 1040 and schedule a.subsequent is a list of information for amy and peter
Question corpus christi corporation reported the subsequent : question corpus christi corporation reported the subsequent pretax and taxable information for 2010income from
Questionnbspjoint ventures and partnerships please respond : questionnbspjoint ventures and partnerships please respond to the subsequent from the e-activity compute a major factor
Questionthe farmer companys comparative balance sheets for : questionthe farmer companys comparative balance sheets for 2010 and 2011 and additional information are given
Question 1a distinguish using financial assets as examples : question 1a distinguish using financial assets as examples between securities quoted at par and securities quoted on a

Reviews

Write a Review

Financial Accounting Questions & Answers

  Explain how much setup cost will be allocated to each unit

Next year Power expects to perform 2,000 setups at a total cost of $ 4,000,000. Power plans to produce 800 units of product EP150, which will require two setups. Explain how much setup cost will be allocated to each unit of EP150 produced?

  Create an inventory purchase budget

Create an inventory purchase budget using the sales manager's estimate. and create an inventory purchases budget using marketing consultants estimate.

  Calculate the taxable income

Calculate the taxable income for 2012 for Aiden on the basis of the following information. Aiden is married however has not seen or heard from his wife since 2010

  Prepare journal entries in fund-based journals

The General Fund transferred $100,000 to the Motor Pool Internal Service Fund to be used for general operating purposes

  Prepare the journal entry for december

Prepare the journal entry to record the transaction of December 31, 2009, for the Hurly Co and assuming Hurly Co.'s fiscal year-end is December 31, prepare the journal entry for December 31, 2010.

  What are tax consequences to sheldon and hawk corporation

In the current year, Hawk Corporation redeems 75 shares of Sheldon’s stock for $75,000. Sheldon had acquired all of his shares 10 years ago at a cost of $100 per share. What are tax consequences to Sheldon and Hawk Corporation as a result of the s..

  Generate a report showing the company''s activity variances

Generate a report showing the company's activity variances for April.

  Financial and management accounting

We want a flexible budget because costs are too hard to predict. We need the flexibility to change budgeted costs as input price change. Does a flexible budget serve this purpose? Explain.

  Evaluation of variable cost per unit

Evaluation of Variable cost per unit and Using the high-low method, what is the variable cost per unit

  Describe the methods of revenue recognition

Describe the methods of revenue recognition and GAAP method of revenue recognition fulfills the needs of the International Financial Reporting System?

  Give the journal entry to record direct and indirect labour

Leo Lion Corporation incurred manufacturing wages of $17,000, 55% of which were direct labor charges and 45% indirect labor charges. In a single journal entry give the journal entry to record the direct and indirect labor incurred.

  Illustrate a context diagram

Create a table of entities and activities. Illustrate a context diagram. Illustrate a physical data flow diagram (DFD).

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