subject
Business, 08.02.2021 18:40 naeaamm6981

Julie Anderson is a single parent and lives with her dependent daughter Alice who is 17-years old. Julie is a project manager and her W-2 wage is $75,200. Julie's father passed away on April 14. She inherited cash of $50,000 from her father and his baseball card collection, valued at $2,000. Every year she also receives interest income from a trust fund, which does not invest in municipal bondsor other tax-exempt securities. She took the standard deduction on her 2018 federal tax return. Her 2019 filing status is head of household. She also has the following items for 2019:Interest income from the trust fund……. $2,000Ordinary dividend income$500(All the dividends are qualified for the 15% tax rate)She also bought 50 shares Apple Inc. stock (AAPL) when the price was $100 per share. AAPL's market closing price for December 2019 is $250 per share. During the year she went to Vegas and won $ 1,300 in a poker game. However, she lost $2,000 at other casinos. She also provided the following information:Illinois state income tax refund………….. $ 250Federal income tax refund……………… $2,400Child support from her ex-husband…….. $6,000Alimony payment from her ex-husband. Their divorce was finalized on August 15, 2019…..$12,000During the year she received $4,000 insurance payout from AFLAC due to a temporary disability. She bought the insurance policy herself. In addition, she also provided the following information:State income tax withheld from her paycheck…………………. .$ 3,200Federal income tax withheld from her paycheck………………. $ 9,000Social security tax paid as an employee $ 5,640Home mortgage loan interest………………… $ 5,500Real estate tax on her house………………… $ 4,000Personal-use car loan interest……………….. $ 2,000She also paid $2,000 of qualified student loan interest. Ms. Anderson had a medical procedure and incurred qualified medical costs of $30,000. Her health insurance policy pays 80% of the medical cost and Julie paid the remaining 20% out of her own pocket. Her car was completely damaged in hurricane Hana, a federally declared natural disaster. Before the disaster the car has a fair market value of $12,000. She bought the car for $25,000 when it was new. Schedule A LIne 4 (Medical and Dental) ?Schedule A Line 15 (Deductible Casualty Loss)?Schedule-A Total Itemized Deductions ?

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 19:30, cbaldwin6605
Consider the following ethical argument. which of the three statements represents the moral statement about a moral principle? statement 1: a dealership advertised a car at a very low price, but only had a similar higher priced model in stock. statement 2: it is wrong to perform a bait and switch. statement 3: the dealership was wrong to advertise the car on special sale when in actually it was not available.
Answers: 3
image
Business, 21.06.2019 21:00, keke1871
While studying for the engineering economy final exam, you and two friends find yourselves craving a fresh pizza. you can't spare the time to pick up the pizza and must have it delivered. "pick-up-sticks" offers a 1-1/4-inch-thick (including toppings), 20-inch square pizza with your choice of two toppings for $15 plus 5% sales tax and a $1.50 delivery charge (no sales tax on delivery charge). "fred's" offers the round, deep-dish sasquatch, which is 20 inches in diameter. it is 1-3/4 inches thick, includes two toppings, and costs $17.25 plus 5% sales tax and free delivery. 1. what is the problem in this situation? state it in an explicit and precise manner. 2. systematically apply the seven principles of engineering economy (pp. 3-6) to the problem you have defined in part (a). 3. assuming that your common unit of measure is dollars (i. e., cost), what is the better value for getting a pizza based on the criterion of minimizing cost per unit of volume? 4. what other criteria might be used to select which pizza to purchase?
Answers: 3
image
Business, 22.06.2019 19:00, RoyalGurl01
Describe how to write a main idea expressed as a bottom-line statement
Answers: 3
image
Business, 22.06.2019 21:30, montgomerykarloxc24x
Sunset foods relies on a highly centralized functional structure to ensure consistency in the quality and taste of its products and to drive down costs via process innovations. however, as a consequence of its highly compartmentalized structure, the firm has found it difficult to transfer information and ideas from one department to the next. with the launch of its new line of breakfast foods coming up, how can sunset improve its ability to collaborate without sacrificing the benefits of its current structure
Answers: 1
You know the right answer?
Julie Anderson is a single parent and lives with her dependent daughter Alice who is 17-years old. J...

Questions in other subjects:

Konu
Mathematics, 09.08.2021 20:30