Exercise 9-15 (Algorithmic) (LO. 4) Samantha, who is single and has MAGI of $31,050, was recently employed by an accounting firm. During the year, she spends $3,450 for a CPA exam review course and begins working on a law degree in night school. Her law school expenses were $4,635 for tuition and $720 for books (which are not a requirement for enrollment in the course). Click here to access Concept Summary 9.2. If an amount is zero, enter "0". Assuming no reimbursement, how much of these expenses can Samantha deduct? $fill in the blank 1 8,805

Exercise 9-15 (Algorithmic) (LO. 4) Samantha, who is single and has MAGI of $31,050, was recently employed by an accounting firm. During the year, she spends $3,450 for a CPA exam review course and begins working on a law degree in night school. Her law school expenses were $4,635 for tuition and $720 for books (which are not a requirement for enrollment in the course). Click here to access Concept Summary 9.2. If an amount is zero, enter "0". Assuming no reimbursement, how much of these expenses can Samantha deduct? $fill in the blank 1 8,805

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter11: Individuals As Employees And Proprietors

Section: Chapter Questions

Problem 6CE

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Samantha, who is single and has MAGI of $41,400, was recently employed by an accounting firm. During the year, she spends $1,200 for a CPA exam review course and begins working on a law degree in night school. Her law school expenses were $4,140 for tuition and $720 for books (which are not a requirement for enrollment in the course). Click here to access Concept Summary 9.2. If an amount is zero, enter "0". Assuming no reimbursement, how much of these expenses can Samantha deduct?
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Samantha, who is single and has MAGI of $48,600, recently was employed by an accounting firm. During the year, she spends $1,200 for a CPA exam review course and begins working on a law degree in night school. Her law school expenses were $6,795 for tuition and $525 for books (which are not a requirement for enrollment in the course). Click here to access Exhibit 9.1. If an amount is zero, enter "0". a. Assuming no reimbursement, how much can Samantha deduct for the CPA exam review course? b. Assuming no reimbursement, how much can Samantha deduct for the Law school expenses?
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Gloria Black was new employee to ABC Business, she is a single parent living with her 17-year-old son---Mark, who studied fulltime (four months) this year. Mark's tuition fees for 2018 are $6000. Mark is expected to earn $3500 in 2018 andwill not use his tuition credit amount s when filing his personal income tax return(Gloria's Date of Birth: Aug1, 1963, SIN#567 123 789 address: 123 Alpha Rd, Scarborough, ON M2W 3P6) Required :1) Please fill out Gloria's TD1 Form using 2018 Federal TD1 form with basic personal exemption amount: $11,809(Please show me the detailed calculations in one piece of paper and fill out the attached TD1 form)
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