subject
Business, 06.10.2019 07:01 jordynp2615

Rick and cindy davis are married and file a joint return. they live at 3223 taccone ave., apt. 37, medford, ma 02155. rick is an elementary school teacher in the medford public school system and cindy is currently a homemaker after losing her job in late 2017. cindy’s social security number is 412-37-5671 (date of birth 10/11/1979) and rick's is 412-31-5670 (date of birth 3/19/1975). they had qualifying health care coverage at all times during the tax year. rick’s w-2 contained the following information: wages (box 1) = $ 69,245.15 federal w/h (box 2) = $ 6,624.34 social security wages (box 3) = $ 69,245.15 social security w/h (box 4) = $ 4,293.20 medicare wages (box 5) = $ 69,245.15 medicare w/h (box 6) = $ 1,004.05 rick and cindy have interest income of $237 from a savings account at boston state bank. cindy also owns stock in microsoft. cindy received $255 in qualified dividends from microsoft in 2018. rick was divorced in 2012 and pays his ex-wife (mary tortelli) alimony. their divorce decree dictates that rick pay mary $525 per month in alimony for ten years. mary’s social security number is 412-29-5675.cindy received unemployment compensation of $4,600 during 2018 and no taxes were withheld from the payments. additionally, rick won a $1,200 prize in a nationally sponsored fantasy football league and no income taxes were withheld from his winnings. rick also spent $335 dollars on supplies for his class room for which he was not reimbursed. prepare a form 1040 and accompanying schedules for rick and cindy davis.

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 19:00, leeenaaa95
What is an equation of the line in slope intercept formm = 4 and the y-intercept is (0,5)y = 4x-5y = -5x +4y = 4x + 5y = 5x +4
Answers: 1
image
Business, 22.06.2019 21:10, jozlynn
Upon completion of the northwest-corner rule, which source-destination cell is guaranteed to be occupied? a. top-leftb. the cell with the lowest shipping costc. bottom-leftd. top-righte. bottom-right
Answers: 1
image
Business, 22.06.2019 22:40, shunna33
Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?
Answers: 1
image
Business, 23.06.2019 00:00, AaronMicrosoft15
Winston churchill's stamp collection was valued at $14 million when he died. at auction, it brought in only $4 million. what was it worth? why?
Answers: 3
You know the right answer?
Rick and cindy davis are married and file a joint return. they live at 3223 taccone ave., apt. 37, m...

Questions in other subjects: