ACC 401 help A Guide to career/Snaptutorial

1
ACC 401 help A Guide to career/ snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com
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ACC 401 help A Guide to career/ snaptutorial.com
ACC 401 Entire Course For more classes
visit www.snaptutorial.com   ACC 401 Week 1
Assignment Chapter 2 Problems 32, 33 38 ACC 401
Week 1 Quiz ACC 401 Week 1 Quiz Set 2 ACC 401
Week 1 DQ 1 Basic Concepts ACC 401 Week 1 DQ 2
Gross Income ACC 401 Week 2 Assignment Chapter 4
problem 53 and problem 55 ACC 401 Week 2 DQ 1
Adjusted Gross Income ACC 401 Week 2 DQ 2
Itemized Deductions ACC 401 Week 2 Quiz
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ACC 401 help A Guide to career/ snaptutorial.com
ACC 401 Week 1 Assignment Chapter 2 Problems 32,
33 38 For more classes visit www.snaptutorial.c
om   32) List the five types of filing status and
briefly explain the requirements for the use of
each one. 33) In which of the following cases may
the taxpayer claim head of household filing
status? a. The taxpayer is single and maintains a
household which is the principal place of abode
of her infant son. b. The taxpayer is single and
maintains a household for herself and maintains a
separate household which is the principal place
of abode of her dependent widowed mother.
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ACC 401 help A Guide to career/ snaptutorial.com
ACC 401 Week 1 DQ 1 Basic Concepts For more
classes visit www.snaptutorial.com   From Chapter
1, complete discussion questions 6, 9, 10. From
Chapter 2, complete discussion questions 3, 6, 9,
10. Review Appendix E (2014 IRS Tax Forms) to
see where dependents are shown on the tax return.
Remember to complete all parts of the problems
and report the results of your analysis. Do not
forget to show the necessary steps and explain
how you attained that outcome.
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ACC 401 help A Guide to career/ snaptutorial.com
ACC 401 Week 1 DQ 2 Gross Income For more
classes visit www.snaptutorial.com   From Chapter
3, answer discussion questions 1, 2, 3, 10, 12,
15. Remember to complete all parts of the
problems and report the results of your analysis.
Do not forget to show the necessary steps and
explain how you attained that outcome.
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ACC 401 help A Guide to career/ snaptutorial.com
  ACC 401 Week 1 Quiz Set 2 For more classes
visit www.snaptutorial.com   1. Question What
is the amount of the social security wage
limitation for 2014? 2. Question With respect
to the income tax formula, which of the following
statements is 3. Question To be a qualifying
child, the taxpayermust meet three general tests
and five specific tests. Which one is not part
of the five specific tests?
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ACC 401 help A Guide to career/ snaptutorial.com
ACC 401 Week 1 Quiz For more classes
visit www.snaptutorial.com   QUIZ 1 1) Under the
cash receipts and disbursements method, the
taxpayer reports income in the year 2) What item
should not be included in income? 3) Which of the
following statements is true with respect to
marginal and average tax rates? 4) In terms of
dollars, wage earning taxpayers will normally pay
the majority of their tax liability 5) Income
may be realized in the form of 6) Maria is 21
years of age and a full-time student living by
herself. She had wages of 19,000 for 2007.
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ACC 401 help A Guide to career/ snaptutorial.com
ACC 401 Week 2 Assignment Chapter 4 problem 53
and problem 55 For more classes
visit www.snaptutorial.com   53. Under the terms
of a divorce decree executed May 1, 2008, Rob
transferred a house worth 650,000 to his
ex-wife, Linda, and was to make alimony payments
of 3,000 per month. The property has a tax basis
to Rob of 300,000. a. How much of this must be
reported on Lindas tax return? b. Of that
amount, how much is taxable gain or loss that
Linda must recognize related to the transfer of
the house? 54. Under the alimony recapture rules,
what amounts are designated for recapture
reclassification, and what are the tax
consequences?
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ACC 401 help A Guide to career/ snaptutorial.com
ACC 401 Week 2 DQ 1 Adjusted Gross Income For
more classes visit www.snaptutorial.com   38.
What are some of the limitations concerning
deductibility of student loan interest? Be
specific and comprehensive 43. How much, if any,
may Antonio take as a moving expense deduction on
his 2014 tax return? Is that deduction subject to
any conditions that could change its
deductibility in the future? 47. Three types of
payments are associated with a decree of
separation or a divorce. a. What are those three
payments
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ACC 401 help A Guide to career/ snaptutorial.com
ACC 401 Week 2 DQ 2 Itemized Deductions For more
classes visit www.snaptutorial.com   Ch5. 48.
Mickey is a 12-year-old dialysis patient. Three
times a week he and his mother, Sue, drive 20
miles one way to Mickeys dialysis clinic. On the
way home they go 10 miles out of their way to
stop at Mickeys favorite restaurant. Their total
round trip is 50 miles per day. How many of those
miles, if any, can Sue use to calculate an
itemized deduction for transportation? Use the
mileage rate in effect for 2010. Explain your
answer.
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ACC 401 help A Guide to career/ snaptutorial.com
ACC 401 Week 2 Quiz For more classes
visit www.snaptutorial.com   QUIZ 2 1) Henry
graduated from university of Maryland in 2006, in
2009, to take advantage of lower interest rates,
he refinanced his qualified education loans with
another loan. He is not a dependent on another
persons tax return. What is the maximum
deduction available to him for the 3,200 he paid
for educational loan interest in 2009? 2) Which
of the following interest expenses incurred by
Amanda is treated as personal interest expense
and, therefore not deductible as an itemized
deduction?
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ACC 401 help A Guide to career/ snaptutorial.com
ACC 401 Week 3 Assignment Chapter 6 For more
classes visit www.snaptutorial.com   39. David is
a college professor who does some consulting work
on the side. He uses 25 of his home exclusively
for the consulting practice. He is single and 63
years old. His AGI (without consideration of
consulting income) is 45,000. Other information
follows Income from consulting business
4,000 Consulting expenses other than home office
1,500 Total costs relating to home
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ACC 401 help A Guide to career/ snaptutorial.com
ACC 401 Week 3 DQ 1 Self-Employed Business Income
Capital Gains For more classes
visit www.snaptutorial.com   Ch6. 1. Discuss
the definition of trade or business. Why does it
matter whether a taxpayer is classified as an
employee or as self-employed? 2. Discuss the
concepts of ordinary, necessary, and reasonable
in relation to trade or business expenses. 9.
Discuss the concept of electing 179 expense.
Does the election allow a larger expense
deduction in the year of asset acquisition? 15.
Why were the hobby loss rules established? What
factors determine whether an activity is a trade
or business or a hobby? Is any one factor
controlling?
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ACC 401 help A Guide to career/ snaptutorial.com
ACC 401 Week 3 DQ 2 Rental Property Royalties
For more classes visit www.snaptutorial.com   Ch8
. 33. Ramone is a tax attorney and he also owns
an office building that he rents for 8,500
/month. He is responsible for paying all taxes
and expenses relating to the buildings operation
and maintenance. Is Ramone engaged in the trade
or business of renting real estate? 34. Kelvin
owns and lives in a duplex. He rents the other
unit for 750 per month. He incurs the following
expenses during the current year for the entire
property How are the expenditures treated for
tax purposes? On what tax form(s) are these
amounts reported?
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ACC 401 help A Guide to career/ snaptutorial.com
ACC 401 Week 3 Quiz For more classes
visit www.snaptutorial.com   QUIZ 3 1) Which
one of the following is Section 1231 property? 2)
Which of the following expense items is (are)
deductible as rental expense? 3) If an activity
is considered a hobby, which of the following is
true? 4) 179 expense is available for all of the
following business assets except
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ACC 401 help A Guide to career/ snaptutorial.com
ACC 401 Week 4 Assignment Chapter 9, Problem 42
problem 49 For more classes visit www.snaptutoria
l.com   42. Tim and Martha paid 7,900 in
qualified employment-related expenses for their
three young children who live with them in their
household. Martha received 1,800 of dependent
care assistance from her employer, which was
properly excluded from gross income. The couple
had 57,000 of AGI earned equally by Tim and
Martha. What amount of child and dependent care
tax credit can they claim on their Form 1040? How
would your answer differ (if at all) if the
couple had AGI of 36,000 that was entirely
earned by Tim? 49. Jeremy and Celeste paid the
following for their daughter, Alyssa, to attend
University of Colorado, during 2009. Alyssa was
in her first year of college and attended
full-time
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ACC 401 help A Guide to career/ snaptutorial.com
ACC 401 Week 4 DQ 1 Tax Credits and Payroll Taxes
For more classes visit www.snaptutorial.com   Fro
m Chapter 9, complete questions 3 and 7, and
problem 43. From Chapter 10, complete question 1
and question 7. Remember to complete all parts of
the problems and report the results of your
analysis. Do not forget to show the necessary
steps and explain how you attained that outcome.
Respond to at least two of your classmates'
postings.
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ACC 401 help A Guide to career/ snaptutorial.com
ACC 401 Week 4 DQ 2 Payroll Taxes and Retirement
Plans For more classes visit www.snaptutorial.com
  From Chapter 10, complete questions 12 and 13.
From Chapter 11, complete question 5, question
15, and question 19. Remember to complete all
parts of the problems and report the results of
your analysis. Do not forget to show the
necessary steps and explain how you attained that
outcome.
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ACC 401 help A Guide to career/ snaptutorial.com
ACC 401 Week 5 DQ 1 Partnership Taxation For
more classes visit www.snaptutorial.com   Chapter
14, problems 1, 3, 12, and 15. 1. Discuss the
formation of a partnership. Is any gain or loss
recognized? Explain. 3. How do taxation for the
corporate form and taxation for the partnership
form differ? 12. Can a partner have a salary
from a partnership? Why? What is a guaranteed
payment? 15. If a partner owns a 20 interest,
does that necessarily mean that he or she will
receive 20 of the net income
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ACC 401 help A Guide to career/ snaptutorial.com
ACC 401 Week 5 DQ 2 Corporate taxation For more
classes visit www.snaptutorial.com   Chapter 15,
problems 4, 6, 14 and 16. 4.Explain the 80 rule
as it pertains to the formation of a
corporation. 6.An individual contributes property
with a fair market value in excess of basis to a
corporation in exchange for stock. What is the
basis of the stock in the hands of the
shareholder, and what is the basis of the
property contributed in the hands of the
corporation?
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ACC 401 help A Guide to career/ snaptutorial.com
ACC 401 Week 5 Final Paper Assignment For more
classes visit www.snaptutorial.com   QAppendix
A Please use this information for your Tax Return
and Paper. All people, businesses, and
information are fictional. Any relation to an
actual person or business is accidental. Harold
Petersan
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ACC 401 help A Guide to career/ snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com