what is the DST payable?

Q: In 2020 a married couple filing jointly has AGI of $100,000. The following information applies to…

A: An itemized deduction appears to be a tax break that a person can claim on their tax return to lower…

Q: prescribed A. 80,000 B. 82,500 go C. 175,000 221.500 The deductible amount of interest is FO

A: Deductible interest expense refers to the interest payments that an individual or business can…

Q: Is Jayzam correct in his assertion? Include legal basis/bases in your answers.

A: Accrued liabilities can be defined as the amount to be payable in future for the expenses being used…

Q: N paid the family's medical expenses for the current year which totaled $3,000. Medicals Net Income…

A: The Internal Revenue Service (IRS) allows taxpayers to deduct qualified medical expenses that exceed…

Q: On 4/1/20, Sookie sold land that she held for investment purposes. Sookie received $200,000 in cash…

A: As per IRS rules for installment sales, tax is levied on the gain on every year's collection. Gain…

Q: Mr. Pineda imported goods from the USA as follows: Invoice cost of the importation ($1 = P51)..…

A: Ans -   VAT and duty amount are fully dependent on the              transportation used to import…

Q: mation applies questions displayed be Lionel is an unmarried law student at State University Law…

A: Answer:- The deduction for interest on higher education loans is subject to specific eligibility…

Q: Question Carlos is a resident citizen. He maintains a savings account deposit with the BPI-Baguio…

A: Solution Tax is  the amount that you pay to the government and by using this government provide…

Q: a. Josh borrowed $87,000 from First State Bank using his business assets as collateral. He used the…

A: Deductible expenses are those expenses which are allowed to be deducted from income in order to…

Q: May i know this Clara has a HECS debt of $50,000.00 izit need to pay the Government study support…

A: Higher Education Contribution System is referred to as HECS. It is a loan programme backed by the…

Q: RTY is a calendar year corporation. On December 12, RTY billed a client $17,800 for services…

A: There are two different basis to record the transactions, cash basis or accrual basis.Under Cash…

Q: 1. The imputed interest rules apply to which of the following type of loan? a.Coercion-related…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: ordan is an eligible educator. He spends a total of $300 on classroom supplies. He also reported…

A: The term "qualified expenses" typically refers to specific types of expenditures that meet certain…

Q: Mrs Judy, a South African resident who is 72 years old has the following investment income: South…

A: Gross income refers to the total earnings or revenue received by an individual or entity before any…

Q: 36. The following interest payments were made by an individual income taxpayer in 2022: Interest on…

A: Deductible interest expense refers to the interest payments that an individual or business can…

Q: Morrison (self-employed) made the following business gifts during the year: To Quinn (a key client)…

A: The objective of the question is to calculate the total amount of business gifts that Morrison can…

Q: Nicanor is a married man with surviving spouse:  Community Properties:  Real Property located in…

A: Income tax: The income tax refers to the amount that is paid by the taxpayer to the tax authority of…

Q: Julio has $10 withheld from every paycheck to be used as a donation to a local charity. When his…

A: If an amount has been withheld by any person for the purpose of making the payment for specific…

Q: The director of BTM collects a brochure from the printer and pays with a cheque of € 520. Account…

A: Here are the journal entries for the transactions described:1.Paying for Brochure with Cheque:…

Q: ForeignCorp is a Country Y corporation that is not a bank; and is engaged in a USTB. The interest…

A: For taxes reasons, income must be classified as either effectively connected income (ECI) or…

Q: Ai3200 49. A taxpayer received the following items of income during the taxable year 2023: Espana…

A: When an individual receives and generates income in the form of money, services or property, it is…

Q: Individual L donated $10,000 to a Canadi donation tax credit? (Enter the amount an

A: Donations given to charities are subjected to tax credits from federal government and also from…

Q: Calculate the profit/loss to be recognized by Bank Nizwa

A: The difference amount being earned by the business due to its business operations is known as…

Q: Compute for theREGULAR ITIMIZED DEDUCTIONS to be claimed against gross income 500,000 650,000…

A: According to the Bureau of Internal Revenue, regular itemized deductions are expenses that are…