Emma

For 2021, Eugene and Linda had adjusted gross income of $30,000. Additional information for 2021 is as follows. Cash contribution to church $1,300 Tuition paid to a parochial school $1,200 Cash contribution to a qualified charity $400 Cash contribution to a needy family $100 What is the maximum amount they can deduct for charitable contributions in 2021? a.$1,700 b.$2,000 c.$1,600 d.$500 e.None of these choices are correct.

Kat Receives 10,000 pesos monthly starting on March 2, 2023 until February 2, 2024 as a cash gift from Prince Cyrus. Assume that the money is worth 8.4% convertible monthly. a.) If she was to claim the entire worth of these cash gifts today, December 2, 2022, then how much is she entitled to receive from Prince Cyrus? b.) If she wishes ti return the money to prince Cyrus on May 2, 2024, how much should she return in total?

During the fiscal year of 2023/24, John received £40 of income tax repayment interest relating to overpaid income tax from 2022/23. John has been employed part-time by Medical Support Ltd since 2013. He received the following remuneration package in 2023/24: · Salary £15,000 per year; · Eye test which would have cost £20, offered to all employees who use computers. · Private medical insurance costing the company £800, and which would have cost John £1,000 had he bought it directly from the insurers; and · From 1 June 2023, use of a van for significant private use with CO2 emissions of 130 g/km. The van had a list price of £10,000 and Medical Support Ltd paid for all John’s private fuel. John received £1,500 of dividends in January 2024 from an ISA. John has also run his own business as a sole trader for many years. Therefore, he has calculated his taxable trading profits for 2023/24 to be £20,600. In arriving at his taxable trading profits, he deducted the following amounts. · £200…