Business, 23.03.2020 16:57 kenniedalany
Determine the number of personal and dependency exemptions in each of the following independent situations based on 2017 tax rates (Show entire calculations please):
a. Leo and Amanda (ages 48 and 46, respectively) are married and furnish more
than 50% of the support of their two children, Elton (age 18) and Trista (age 24). During the year, Elton earns $4,500 providing transportation for elderly persons with disabilities, and Trista receives a $5,000 scholarship for tuition at the law school she attends.
b. Audrey (age 45) is divorced this year. She maintains a household in which she, her ex-husband, Clint, and his mother, Olive, live. Audrey furnishes more than 50% of the household’s support. Olive is age 91 and blind.
c. Crystal, age 45, furnishes more than 50% of the support of her married son, Andy (age 18), and his wife, Paige (age 19), who lives with her. During the year, Andy earned $8,200 from a part-time job. All parties live in Iowa (a common law state).
d. Assume the same facts as in part (c), except that all parties live in Washington (a community property state).
Answers: 1
Business, 21.06.2019 19:20, justintisdale95
Which of the following areas provides residents with close access to high-paying jobs and cultural attractions? a. the suburbs b. exurbs c. rural areas d. the city 2b2t
Answers: 3
Business, 22.06.2019 08:30, adambbogard1589
Match the items with the actions necessary to reconcile the bank statement.(there's not just one answer)1. interest credited in bank account2. fee charged by bank for returned check3. checks issued but not deposited4. deposits yet to be crediteda. add to bank statementb. deduct from bank statementc. add to personal statementd. deduct from personal statement
Answers: 2
Business, 22.06.2019 09:30, kingtrent81
Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.
Answers: 1
Determine the number of personal and dependency exemptions in each of the following independent situ...
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