ACC 350 4-1 - Rumrill

Basic Scenario 8: Zoe Watson Directions Using the tax software, complete the tax return, including Form 1040 and all appropriate forms, schedules, or worksheets. Answer the questions following the scenario. When entering Social Security numbers (SSNs) or Employer Identification Numbers (EINS), replace the Xs as directed, or with any four digits of your choice. Interview Notes Zoe is single and 47 years old. • Zoe has two children. Yvonne, age 19, has a job and earned wages of $5,200. Joshua, age 26 is totally and permanently disabled and received Social Security benefits of $4,500. Both children lived with her all year. Zoe paid all the cost of keeping up the home and more than half the support for her children. • Zoe received disability pension benefits, but she has not reached the minimum retirement age of her employer's plan. • She does not have enough expenses to itemize for the 2023 tax year. Zoe, Yvonne, and Joshua are U .S. citizens and have valid Social Security numbers. They…

not use ai please

Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability (in $) for the taxpayer. Name Filing Status Taxable Income Tax Liability Rua head of household $195,200

From: AhmedSent: Thursday, 17 September 2020, 11:23AMSubject: Lisa Eastwood – additional informationGood morning, Lisa has sent through the following information. Can you pull this togetherwith what you have examined already so we can have a tax estimate readyto go. B.1 Calculate Lisa’s Medicare Levy Surcharge. Show all workings. B.2 Calculate Lisa’s Net Tax Payable. Show all workings. Wages (Melbourne employment) - $125,000 net wages, PAYG withheldof $43,000 plus a bonus of $5,000 was paid. Wages (Darwin employment) - $25,000 net wages, PAYG withheld of$1,500 Interest income $1,000Allowable general deductions $3,300 Allowable specific deductions $1,000 Lisa is single with no private health insurance. Lisa has no reportable fringe benefits or reportable superannuationcontributions. Again, I need this by the end of Friday.Ahmed.Senior AccountantM&M Tax Accountants

Prepare 2018 1040 form, 3903 form moving expenses, and scheldule 1 form.. need help

A CPA prepares tax returns for clients and bills them after the work is completed. It usually takes two weeks of work to prepare the tax returns. It takes 30 days on average to receive payment from the clients. The CPA uses cash-basis accounting. The revenue should be recorded when the CPA: O A. receives payments from the clients O B. bills the clients. OC. starts working on the tax returns O D. completes working on the tax returns. Click to select your answer. 11-50nm 99+

85. Which of the following tax return preparers must file federal income tax returns electronically? (Search Chapter 8) O a. Bob, who provides tax assistance under the Volunteer Income Tax Assistance program O b. Ellen, who prepares a return of the employer by whom she is employed O c. Peter, a tax return preparer who expects to file 20 individual income tax returns Od. Lynn, who prepares 20 tax returns as a fiduciary

15. For 2022, how much can Siena take as an educator expense deduction for the lab supplies she purchased for her students? a. $0  b. $250 c. $300 d. $600

Please verify my answer if not correct please correct it

Required Information [The following Information applies to the questions displayed below.] Read the following letter and help Shady Slim with his tax situation. Please assume that his gross income is $173,210 (which consists only of salary) for purposes of this problem. December 31, 2023 To the friendly student tax preparer: HI, It's Shady Slim again. I just got back from my 55th birthday party, and I'm told that you need some more information from me in order to complete my tax return. I'm an open book! I'll tell you whatever I think you need to know. Let me tell you a few more things about my life. As you may recall, I am divorced from my wife, Alice. I know that it's unusual, but I have custody of my son, Shady Jr. The judge owed me a few favors and I really love the kid. He lives with me full time and my ex-wife gets him every other weekend. I pay the vast majority of my son's expenses. I think Alice should have to pay some child support, but she doesn't have to pay a dime. The…