1. Electronic filing (e-filing): a.Generally results in a slower refund. b.Reduces the chances that the IRS will make mistakes when inputting tax return information. c.Requires the services of a professional. d.Can be done only by telephone.

Could really use some help with this

You have a $1,400 balance on your 15% credit card. You have lost your job and been unemployed for 6 months. You have been unable to make any payments on your balance. However, you received a tax refund and want to pay off the credit card. How much will you owe on the credit card if you have not made a payment for 6 months? Note: Round your answers to the nearest cent.   How much interest will have accrued? Note: Round your answer to the nearest cent. What will be the effective rate of interest after the 6 months?

Jordan took a business trip from New York to Denver. She spent two days in travel, conducted business for nine days, and visited friends for five days. She incurred the following expenses: Airfare $ 420 Lodging 2,200 Meals 550 Entertainment of clients 440 Required: How much of these expenses can Jordan deduct?

Toshiomi works as a sales representative and travels extensively for his employer's business. This year Toshiomi was paid $75,000 in salary and made the following expenditures:     State income taxes withheld $6,300 Employee business expenses (unreimbursed portion) 1,450 Charitable cash contributions 200 Investment counseling fees 780 Tax preparation fee 310   Toshiomi also made a number of trips to Las Vegas for gambling. This year Toshiomi won $12,000 in a poker tournament and this amount was almost enough to offset his other gambling losses ($13,420). Calculate Toshiomi's taxable income if he files single.

A5 please help......

****Please just answer as much as you can. I can do the ones that require the tax table but need help on Total Lump-Sum more than anything. Thanks. *******   Example 4-8 Mandi Robinson, married with three allowances, earns a monthly salary of $2,400. She also receives a quarterly bonus on sales that exceed her quota. For the first quarter, her bonus amounts to $4,600. Robinson’s employer pays her the regular monthly salary and the bonus together on her March paycheck. The withholding for the March pay is computed on the total amount of $7,000 ($2,400 + $4,600). After deducting the allowances, using the percentage Tax Table 4(b), the amount to withhold is $563.70 [$7,000 - 3($350.00) = $5,950.00 - $2,600.00 = $3,350.00 × 12% = $402.00 + $161.70]. Example 4-9 From the above example, if you indicate separately on Robinson’s paycheck stub the amount of each payment, the amount of federal income tax to be withheld is computed as follows:       Taxes Withheld   Regular monthly earnings…

Michelle operates several food trucks. Indicate the amount (if any) that she can deduct as an ordinary and necessary business deduction in each of the following situations. Note: Leave no answers blank. Enter zero if applicable. a. Michelle moves her food truck between various locations on a daily rotation. Last week, Michelle was stopped for speeding. She paid a fine of $160 for speeding, including $115 for legal advice in connection with the ticket. b. Michelle paid $785 to reserve a parking place for her food truck for the fall football season outside the local football stadium. Michelle also paid $130 for tickets to a game for her children. c. Michelle provided a candidate with free advertising painted on her truck during the candidate's campaign for city council. Michelle paid $640 to have the ad prepared and an additional $340 to have the ad removed from the truck after the candidate lost the election. d. Michelle realized a $1,235 loss when she sold one of her food trucks to her…

Which of the following will qualify as a deductible business meal expense? 1) Barrett invited his business contact, Jacob, to a baseball game.  He purchased a ticket package that incluede food and drinks. 2) Wu took his client to a comedy club for dinner and drinks.  Wu has individual receipts for the food and drinks seperate from the show. 3) Andres' receipt shows one charge for the $275 he paid the country club for a morning of golfing and lunch with a client. 4) Helen purchased suite tickets to a soccer match that included food and drinks.  She invited her business contact, Aron.

Melissa recently paid $875 for round trip airfare to San Francisco to attend a business conference for 3 days. Melissa also paid the following expenses: $280 fee to register for the conference, $435 per night for 3 night's lodging, $275 for meals in restaurants and $235 for cab fare. What amount of these costs can Melissa deduct as a business expense