Andrew​, who is​ single, retired from his job this year. He received a salary of $22,000 for the portion of the year that he​ worked, tax-exempt interest of $3,800​, and dividends from domestic corporations of $2,600. On September ​1, he began receiving monthly pension payments of $900 and Social Security payments of $500. Assume an exclusion ratio of 40% for the pension. Andrew owns a duplex that he rents to others. He received rent of $11,000 and incurred $16,000 of expenses related to the duplex. He continued to actively manage the property after he retired from his job.   Requirement Compute Andrew's adjusted gross income.

John, age 52, and Lucy, age 49, are married filing jointly.  Both are self employed and report their business income on  Schedule C.  John’s Schedule C showed $12,500 in profits during 2022 while Lucy had a loss of $4,200 on her Schedule C.  Lucy also earned $5,600 from a seasonal part-time job at Target.  Together, they own a residential rental property that earned $45,000 in passive income for the year.  What is the maximum allowable IRA contribution for each in 2022?

Sam and Margaret are 62 and 59 respectively. They are married, lived together all year, but prefer to file taxes separately.  Both work and each have a traditional IRA.  Sam is mostly retired but Margaret works full-time.  In 2022, Sam earned $4,500 in wages from working at Walmart as a Greeter.  He also received $29,000 in annuity income.  Margaret earned $65,000 in wages.  What is the maximum Sam can contribute to his IRA?

Mr. Allen is a 65-year-old Jamaican tax resident. He is the director of a hotel, Allen’s Rest Well Resort. He has requested that your firm assist with the preparation of his 2021 income tax computation. He provided you with the following information:  Gross salary $7,000,000 per year. As a retired teacher, he receives a monthly pension of $75,000 from the Accountant General. PAYE of $225,000 was deducted. He sold shares held in NCB for $200,000. Making a gain of $35,000. As part of his compensation, he receives a meal allowance of $6,000 per week. The company also pays his son school fees for $70,000 per term. (Assume three terms) Income from the rental of his personal investment property was $1,500,000. Expenses was $650,000. Capital allowance for this property was $180,000.  7. He receives dividend of income of 127,500 (net) form investment held at JMMB. $22,500 withheld at source.  8. During the year he paid quarterly estimated tax totaling $80,000 Required List the filing and…