I was bom in Am I live in Abu Dha Ive got two broth I'm studying Eng my job. (Why?) I've been studyin
Q: Ahmed owns the business Al-Shifa diagnostics and Mohammed works there as an employee. Which of the…
A: Owner is the person who own the business and responsible for all the profits and losses of the…
Q: Question 53 of 81. Judee has two qualifying children for the Child and Dependent Care Credit, Emily…
A: Even though Judee has two qualifying children, the Child and Dependent Care Credit is limited to…
Q: 3. Z, a celebrity, lived alone in a huge house. One evening, she noticed that her bedroom needed…
A: The answer for the question on the need of registration with SSS is discussed hereunder : What is…
Q: How did you find out that Tai Yan is responsible for $121.07? Or Jana is responsible for $83.34? Or…
A: Insurance is defined as an arrangement for securing the life of an individual or to compensate the…
Q: What is the recognized gain
A: Recognized Gains is the gain which arise as a result of sale/disposal of Asset.
Q: Michael, Tommy, Riordan and Owen bought a washing machine for their aunt. Michael paid of what the…
A: Data given: Michael=1/3 *(Tommy + Riordan+ Owen) Tommy= 1/5 * (Riordan + Owen) Riordan=1/6 * Owen…
Q: Do I need to file a Wisconsin tax return?
A: Income tax return:The taxpayer has to pay the tax liability on the income he or she earns in a year…
Q: Don't use ai to answer I will report your answer Solve it Asap with explanation and calculation.
A: To calculate the Comers' tax liability for 2023, we need to follow these steps:Calculate Total…
Q: Jenny spent all of her adult life working in a honey manufacture company. Her first year of salary…
A: Given:
Q: Ira recently moved to take a job. For the first month on the new job, Ira was searching for a home…
A: Gross income: It is the income which one earns from the contribution made to the work during the…
Q: Basic Scenario 3: Sebastian and Ashley Miller Interview Notes • Sebastian and Ashley Miller are…
A: The child tax credit is generally described in federal taxation regulations as a benefit that should…
Q: Muna is a mother of 3 kids. Because of some financial problem, she decided to start a business. But…
A: When some one start a business , then that person need support of various person like family ,…
Q: Super Ma'am, 61 years old, took an airplane going to Dipolog and the fare (inclusive of taxes and…
A: In the Philippines, an individual who is above the age of 60 years is known as a senior citizen. The…
Q: For each of the following annuities, find the best matching description (given that each answer…
A: An annuity refers to a stream of equal cash flows that occur at regular intervals. There are…
Q: Robert is a financial advisor at Big Bank Pty Ltd. Which of the following magazine subscriptions…
A: Deductions are the diminution in the amount of taxable income by the governments to benefit the…
Q: 1. Maggie purchased a condominium at Sunset Meadows. She pays $3,246.00 in property taxes each year.…
A: Property taxes are taxes levied by local governments on real property, which includes land and any…
Q: Paul broke his lease in Montreal, and purchased a condo in Toronto. He few from Vancouver to Toronto…
A: Total deductible moving expenses are the expenses that include the cost of moving household goods…
Q: You are elated to have landed the summer job of your dreams as an accounting intern with Wheaton…
A: Pension expense refers to the amount which the business charges to the expense in relation to the…
Q: Part 1–Tax Computation Compute Dan and Freida's 2018 Federal income tax payable (or refund due). If…
A: Joint return: Tax return filled by married couples having filling status of married filling jointly…
Q: Calculate PAYE and SRT by Dr. Vunna for the 2021 year.
A: Given in the question: Net Income of Shop 1 $104,000 Net Income of Shop 2 $190,000…
Q: ANSWER AND RESOLVE THIS PROBLEM AND ANSWER SHOULD BEGIN WITH A CLEAR CONCLUSION THEN FOLLOWED BY…
A: An organization is a business shared by different proprietors. It is anything but a lawful business…
Q: e interest rate is 0.20. H Tack ill D 150 100 100 75 had to stay together, where would they cho
A: Given as,
Q: A, B, C, X and Y are senior graduating Accountancy students in Far Southern University. Due to…
A: Partnership refers to the form of organizational arrangement which involves two or more parties,…
Q: Monica, a self-employed taxpayer, travels from her office in Boston to Lisbon, Portugal, on…
A: For tax purposes, Monica has spent 10 days on business.Explanation Monica's trip lasted for a total…
Q: In December of each year, Eleanor Young contributes 10% of her gross income to the United Way (a 50%…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Ms. Chiu moved from Toronto to Vancouver to start a new job. She earned $40,000 from her Toronto job…
A: Moving expenses, to the Internal Revenue Service, are costs that are incurred by a taxpayer related…
Q: Suppose you have $5,000 as a gift from your parents just after they kicked you out of the house. You…
A: Assets owned : Collection of world War 1 badges Automobile 5000 cash Work in a factory where work…
Q: Muayad is a secondary school student and is actively looking for a job but fails to find one . Which…
A: A person can either be employed, unemployed, or outside of the labor force. Students are usually…
Q: Sub- Total REQUIRED total Prepare the appropriation section of the Statement of profit or loss and…
A: “Since you have posted a many questions, we will solve first question for you. To get the remaining…
Q: Hadley took a 6 day backpacking trip. The number of miles walked each day are shown below. Day Miles…
A: Percentage is a number that is a fraction of 100. Hence it is a ratio but expressed as a fraction of…
Q: and Cooperatives 1. Maggie purchased a condominium at Sunset Meadows. She pays $3,246.00 in property…
A: Property taxes are taxes imposed on the value of real estate or personal property. These taxes are…
Q: The year Alan graduated college, he got a job as an entry-level software engineer working for a firm…
A: A score's connection to the mean within a set of scores is statistically measured by a Z-Score. A…
Q: b. Julie paid $5.150 to the day care center, and her AGI is $50,600 (all salary).
A: Child and dependent care credit:The child and dependent care credit is a credit that helps the…
Q: Morgan lives alone and needs to move to start a new job. She drives 400 kilometres closer to her new…
A: Answer:- Moving expenses meaning:- The reasonable costs of moving home goods and personal…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: To determine Shauna's taxable income, we need to calculate her itemized deductions and compare them…
Q: Exactly who can be a “qualifying relative” and who can’t…??? Say, for example, that you are…
A: Introduction: A tax return is an annual statement consisting of all the incomes and expenses of an…
Q: Jones and his 6 year old son live with uones' father Bidwell for the whole year, Jones has…
A: Ec credit is claimed by the tax payer but if the tax payer is minor then their credit can be claimed…
Q: Most of us have had experience renting. Share your experience. List two good things you have done in…
A: Answer:- Four things that are very important for finding and renting an apartment:- 1. Location:-…
Q: 2. If the total assets of a business are $37 486.49 and the total liabilities are $ 11…
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: Jordan was terminated from his employment without just cause and started looking for a new job…
A: The person can contribute in the society by doing the job or business that has providing the goods…
Q: Rebecca has a qualifying home office. The room is 600 square feet and the entire house is 3,000…
A: Income = Revenue - expenses = $160500 - $157000= Percentage of total home expenses…
Q: Lives in michigan and has incure following reasongble Exfenses Ho Can Ed dedct. ? $1640 in giofare…
A: the investment in seminar is not deductible. only 50% of entertainment and meals expenditure is…
Q: Tammy comes home from her day job and usually spends a couple of hours every evening “managing” her…
A: Step 1 Trading is not a commercial operation, according to the Internal Revenue Service (IRS).In…
Q: Week 2Amandeep born in India and migrated to Australia. He lives in Australia permanently. He still…
A: Residential status is a concept created by the Income Tax Act but has nothing to do with an…
Step by step
Solved in 2 steps
- Manpreet is an accountant for DY public accountant in Melbourne, she has 4 years old daughter that she put on the childcare for 5 days a week when she works, it cost her $700/ week for childcare cost Advise whether Manpreet can claime the $700/week as deduction?For purposes of the Child and Dependent Care Credit, all the following are qualified expenses except for which one? a. نن فم b. d. A $700 adult day care expense for a disabled spouse while the taxpayer workers. A $450 childcare expense while the taxpayer obtains emergency medical care. A $500 payment to a grandparent for childcare while the taxpayer is employed. A $350 payment to a day care center while the taxpayer is looking for employment.Ashavin
- ohn is a talented artist who received an offer to go pro gymnast . He graduated from the business school of Talent University with a 4.0 GPA and scored 826 on his MCAT. Having all the needed skills, John is considering a career in any of the following tracks. John collected information related to potential income and cost for his options. Since he is considering average income, John divided his professional career into 5 periods of earning Occupation Period 0 Period 1 Period 2 Period 3 Period 4 Neurosurgeon -20 5 15 20 30 Accountant 4 6 10 12 14 Artist 3 3 3 3 3 Gymnast…Joan is a self-employed attorney in New York City. Joan took a trip to San Diego, CA, primarily for business, to consult with a client and take a short vacation. On the trip, Joan incurred the following expenses: Airfare to and from San Diego Hotel charges while on business Restaurant meals while on business Car rental while on business Hotel charges while on vacation Restaurant meals while on vacation Car rental while on vacation Total $ 675 500 220 90 700 242 180 $2,607 Calculate Joan's travel expense deduction for the trip, assuming the trip was made in 2022. 1,406 XMarie Lincoln is a head of household. She is 37 years old and her address is 4110 N. E. 13 th street, Miami, FL 33127. Additional information about ms Lincoln is as follows:Social security number: 412 34 5670Date of birth : 1 / 14 / 1982W 2 for Marie shows these amounts:Wages ( box 1) = 43.600Federal W / H ( box 2) = 2.488Social security wages ( box 3) = 43.600Social security W / H ( box 4) = 2703.20Medicare wages ( box 5) = 43600Medicare W / H ( box 6 )= 632Form 1099 - INT for Marie shows this amount :Box 1 = $ 500.000 from A & D Bank.Dependent: Son Steven is 10 years old. His date of birth is 5 / 11 / 2009 . His social security number is 412 34 5672. Marie is an administrative assistant.Required.Prepare the tax return for Ms Lincoln using the appropriate form. She is entitled to a 2000 child tax credit. For now, enter the credit on line 13 a, page 2 of the 1040. She wants to contribute to the presidential election campaign. Ms Lincoln had qualifying health care coverage at all…
- Finance A sales associate was issued by his initial Florida sales associate license last year. The sales associate wants to become licensed as a real estate broker. To be eligible for a brokers license, he must?T grows beets in her own garden. Although T detests beets, she will be required torecognize income when:a. She harvests her beets.b. She consumes beets that she could have sold for $100.c. She sells beets for $100 to somebody who actually likes them.d. She exchanges $100 worth of beets for $100 worth of spinach grown by herneighbor.e. Both (c) and (d) are correct T (a cash method taxpayer) pays $250,000 for a house to be held as an investment (it isactually worth $300,000).a. In all cases, T would be required to recognize $50,000 as income in the year hebuys the house.b. T will never be required to recognize income until he disposes of the house inan arm’s length sale or exchange.c. If T acquired the house from a person who owes him $50,000 for services rendered,T would be required to recognize $50,000 as income in the year he buysit.d. (c) would be the correct answer only if T accepts the house in satisfaction of thedebt owed to him for services rendered.e. None of the above.Michael is an accountant who works as a teacher on weekends. Here is his income from W-2 and 1099 forms: wages from accountant job $74,280 wages from teaching $12,100, intrest $740, dividends $410, and royalties $980. What is Michael's total income?
- Isis quit her job at A Corp. While at A Corp., Isis was enrolled in their group health insurance plan. Now, Isis works for C Corp., which also has a group insurance plan. According to the Health Insurance Portability and Accountability Act, C Corp. must ______. a. pay A Corp. so that Isis can maintain her health insurance through A Corp b. wait to enroll Isis in C Corp.'s plan until she has been employed with the company for 1 year c. reimburse Isis for any out-of-pocket expenses she incurred while unemployed d. allow her to participate in the company group health insurance planANSWER AND RESOLVE THIS PROBLEM AND ANSWER SHOULD BEGIN WITH A CLEAR CONCLUSION THEN FOLLOWED BY BRIEF DISCUSSIONS. A, B, C, X and Y are senior graduating Accountancy students in Far Southern University. Due to restrictions brought about by worsening COVID-19 pandemic, they have been staying at their common place in the province of Batanes. Among the four who are childhood friends since birth, only C is acquainted to X. While studying online to pursue their degree, they want to accomplish something else on the side. By way of a backgrounder, A had inherited from his departed parents 1 hectare of bare agricultural land. He wants to engage in an enterprise that will make his land productive. B is an independent self-sustaining seasonal farmer who owns 5 heads of young cattle and he wants to create an entity that will help him maximize the potential of what he has. C is a philanthropist at heart who is willing to help his town folks by providing them alternative sources of living…Marie Lincoln is a head of household. She is 37 years old and her address is 4110 N.E. 13th Street, Miami, FL 33127. Additional information about Ms. Lincoln is as follows: Social security number: 412-34-5670 Date of birth: 1/14/1983 W-2 for Marie shows these amounts: Wages (box 1) Federal W/H (box 2) Social security wages (box 3) Social security W/H (box 4) Medicare wages (box 5) Medicare W/H (box 6) Form 1099-INT for Marie shows this amount: Box 1-$500.00 from A & D Bank, $ 43,600.00 $2,488.00 S 43.600.00 $2,703.20 $ 43,600.00 $ 632.20 Dependent: Son Steven is 10 years old. His date of birth is 5/11/2010. His social security number is 412-34-5672. Marie is an administrative assistant. Required: Prepare Form 1040 plus all the appropriate Schedules and worksheets for Ms. Lincoin for 2020 She is entitled to a $2.000 child tax credit. For now, enter the credit on the appropriate line of the form. She wants to contribute to the presidential election campaign Ms Lincoln had qualifying…