edro is about to prepare and file his annual income tax return for the year ending December 21, 2020. Pedro is an emloyed engineering manager and he practice his profession and as a consultant.  What BIR Form will be used?

Godo

Arthur was seconded to work in Hong Kong since 1 April 2020 at an annual salary of $800,000.  During the first six months he was provided with a two bedroom suite in a three star hotel in Wanchai until 30 September 2020.  Arthur then moved to a flat in Repulse Bay and his rent was fully paid for by his employer. Calculate the rental value to be included in his assessable income for the year of assessment 2020/21. Select one: a. $72,000 b. $80,000 c. $40,000 d. $56,000

Norman Foster filed his 2020 tax return as was required on June 15, 2021. His Notice of Assessment dated August 28, 2021, indicated that his return was accepted as filed. On March 15, 2022, he receives a Notice of Reassessment dated March 8, 2022 indicating that he owes additional taxes, as well as interest on unpaid amounts. What is the latest date for filing a notice of objection for this reassessment? Explain your answer. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). A v BIUS Paragraph Arial 14px Q E E E E x X2 T Te - 田 田田国 Ť (i} 田 田 田

Gadubhi

Rose Company has a relevant range of production between 10,000 and 25,000 units. The following cost data represents average cost per unit for 15,000 units of production.                                     Average Cost per Unit       Direct materials   $12         Direct labor   10         Indirect materials   2         Fixed manufacturing overhead   4         Variable manufacturing overhead   3         Fixed selling and administrative expenses   8         Variable sales commissions   25                           Using this cost data from Rose Company, answer the following questions.   Cost A. If 10,000 units are produced, what is the variable cost per unit?   B. If 18,000 units are produced, what is the variable cost per unit?   C. If 21,000 units are produced, what are the total variable costs?   D. If 11,000 units are produced, what are the total variable costs?   E. If 19,000 units are produced, what are the total manufacturing overhead costs…

Richard Cook Directions Using the tax software, complete the tax return, including Form 1040 and all appropriate forms, schedules, or worksheets. Answer the questions following the scenario. Note: When entering Social Security numbers (SSNs) or Employer Identification Numbers (EINs), replace the Xs as directed, or with any four digits of your choice. Interview Notes • Richard is age 39 and was widowed in 2017. He has a daughter, Isabella, age 5. • Richard provided the entire cost of maintaining the household and over half of the support for Isabella. In order to work, he pays childcare expenses to Busy Bee Daycare. • Richard declined to receive advance child tax credit payments in 2021. • Richard’s earned income in 2019 was $19,000. • Richard and Isabella are U.S. citizens and lived in the United States all year in 2021. • Richard received the third Economic Impact Payment (EIP3) in the amount of $2,800 in 2021. 33. Richard does not qualify to claim a retirement savings contribution…

Ann received $8,400 of regular employment insurance benefits during 2019 and has a repayment rate of 30% in Box 7. At what net income level will she be subject to claw back on the benefits she received?

Rahima works at Grameen phone and her current salary is 32,000 taka per month on July 1, 2020. She received a 8% raise on April 1, 2021. What is her annual salary for the income year and tax liability? (number only for answer, do not show calculation)

Sherina Smith (Social Security number 785-23-9873) lives at 536 West Lapham Street, Milwaukee, WI 53204, and is self-employed for 2020. She estimates her required annual estimated income tax payment for 2020 to be $8,468. She was required to pay $254 when she timely filed her prior year tax return. Complete the first quarter voucher below for Sherina for 2020. Form1040-ESDepartment of the TreasuryInternal Revenue Service 2020 Estimated Tax Payment Voucher 1 OMB No. 1545-0074 File only if you are making a payment of estimated tax by check or money order. Mail this voucher with your check or money order payable to “United States Treasury.” Write your social security number and “2020 Form 1040-ES” on your check or money order. Do not send cash. Enclose, but do not staple or attach, your payment with this voucher. Calendar year—Due April 15, 2020 Amount of estimated tax you are paying by check or money order. Dollars Cents fill in the blank 1