Question (1) 1 On 28/2/2021, Dr. Ali resigned from his work at one of the Jordanian universities after a service in the field of teaching. His wife is resident and non-working. You are required to prepare an income tax return for him based on the following information: - - . His monthly salary is JD 3,400 Monthly pension salary is JD 5,200 He received EOSB against his service at the university is JD 160,000. It is divided into the following segmentations: JD 75,000 for Ali services prior r to 1/1/2010(up to 31/12/2009) • JD 60,000 dinars for his services from 1/1/2010 to 31/12/2014; and . • JD 25,000 dinars for his services from 1/1/2015 to the end of service date. Instructions: A) Prepare the income tax return for Dr. Ali on 31/12/2021 Income tax return for the year ended 31/12/2021

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
100%
O
Paragraph
1
4
Question (1)
On 28/2/2021, Dr. Ali resigned from his work at one of the Jordanian universities after a service
in the field of teaching. His wife is resident and non-working. You are required to prepare an
income tax return for him based on the following information:
Instructions:
His monthly salary is JD 3,400
Monthly pension salary is JD 5,200
He received EOSB against his service at the university is JD 160,000. It is divided into the
following segmentations:
JD 75,000 for Ali services prior r to 1/1/2010(up to 31/12/2009)
JD 60,000 dinars for his services from 1/1/2010 to 31/12/2014; and
JD 25,000 dinars for his services from 1/1/2015 to the end of service date.
6
A) Prepare the income tax return for Dr. Ali on 31/12/2021
Income tax return for the year ended 31/12/2021
Transcribed Image Text:O Paragraph 1 4 Question (1) On 28/2/2021, Dr. Ali resigned from his work at one of the Jordanian universities after a service in the field of teaching. His wife is resident and non-working. You are required to prepare an income tax return for him based on the following information: Instructions: His monthly salary is JD 3,400 Monthly pension salary is JD 5,200 He received EOSB against his service at the university is JD 160,000. It is divided into the following segmentations: JD 75,000 for Ali services prior r to 1/1/2010(up to 31/12/2009) JD 60,000 dinars for his services from 1/1/2010 to 31/12/2014; and JD 25,000 dinars for his services from 1/1/2015 to the end of service date. 6 A) Prepare the income tax return for Dr. Ali on 31/12/2021 Income tax return for the year ended 31/12/2021
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education