Title: ACC 401 TUTOR Innovation is Our Tradition/acc401tutor.com
1 ACC 401 TUTOR Innovation is Our
Tradition/acc401tutor.com
2 ACC 401 TUTOR Innovation is Our Tradition
- ACC 401 Entire Course
- For more course tutorials visit
- www.acc401tutor.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
3 ACC 401 TUTOR Innovation is Our Tradition
- ACC 401 Week 1 Assignment Chapter 2 Problems 32,
33 38 (UOP) - For more course tutorials visit
- www.acc401tutor.com
- 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.
4 ACC 401 TUTOR Innovation is Our Tradition
- ACC 401 Week 1 DQ 1 Basic Concepts
- For more course tutorials visit
- www.acc401tutor.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.
5 ACC 401 TUTOR Innovation is Our Tradition
- ACC 401 Week 1 DQ 2 Gross Income
- For more course tutorials visit
- www.acc401tutor.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.
6 ACC 401 TUTOR Innovation is Our Tradition
- ACC 401 Week 1 Quiz (UOP)
- For more course tutorials visit
- www.acc401tutor.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
7 ACC 401 TUTOR Innovation is Our Tradition
- ACC 401 Week 1 Quiz Set 22
- For more course tutorials visit
- www.acc401tutor.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? 4.
Question Which of the following would
disqualify a taxpayer from filing a Form 1040EZ?
8 ACC 401 TUTOR Innovation is Our Tradition
- ACC 401 Week 2 Assignment Chapter 4 problem 53
and problem 55 (UOP) - For more course tutorials visit
- www.acc401tutor.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?
9 ACC 401 TUTOR Innovation is Our Tradition
- ACC 401 Week 2 DQ 1 Adjusted Gross Income
- For more course tutorials visit
- www.acc401tutor.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
10 ACC 401 TUTOR Innovation is Our Tradition
- ACC 401 Week 2 DQ 2 Itemized Deductions
- For more course tutorials visit
- www.acc401tutor.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?
11 ACC 401 TUTOR Innovation is Our Tradition
- ACC 401 Week 2 Quiz (UOP)
- For more course tutorials visit
- www.acc401tutor.com
- ACC 401 Week 2 Quiz
12 ACC 401 TUTOR Innovation is Our Tradition
- ACC 401 Week 3 Assignment Chapter 6 (UOP)
- For more course tutorials visit
- www.acc401tutor.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
13 ACC 401 TUTOR Innovation is Our Tradition
- ACC 401 Week 3 DQ 1 Self-Employed Business Income
Capital Gains - For more course tutorials visit
- www.acc401tutor.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?
14 ACC 401 TUTOR Innovation is Our Tradition
- ACC 401 Week 3 DQ 2 Rental Property Royalties
- For more course tutorials visit
- www.acc401tutor.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.
15 ACC 401 TUTOR Innovation is Our Tradition
- ACC 401 Week 3 Quiz (UOP)
- For more course tutorials visit
- www.acc401tutor.com
- ACC 401 Week 3 Quiz
16 ACC 401 TUTOR Innovation is Our Tradition
- ACC 401 Week 4 Assignment Chapter 9, Problem 42
problem 49 (UOP) - For more course tutorials visit
- www.acc401tutor.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.
17 ACC 401 TUTOR Innovation is Our Tradition
- ACC 401 Week 4 DQ 1 Tax Credits and Payroll Taxes
- For more course tutorials visit
- www.acc401tutor.com
- From 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.
18 ACC 401 TUTOR Innovation is Our Tradition
- ACC 401 Week 4 DQ 2 Payroll Taxes and Retirement
Plans - For more course tutorials visit
- www.acc401tutor.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.
19 ACC 401 TUTOR Innovation is Our Tradition
- ACC 401 Week 5 DQ 1 Partnership Taxation
- For more course tutorials visit
- www.acc401tutor.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 from the
partnership? Explain.
20 ACC 401 TUTOR Innovation is Our Tradition
- ACC 401 Week 5 DQ 2 Corporate taxation
- For more course tutorials visit
- www.acc401tutor.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? 14.A corporation may make a
distribution to its shareholders.
21 ACC 401 TUTOR Innovation is Our Tradition
- ACC 401 Week 5 Final Paper Assignment (UOP)
- For more course tutorials visit
- www.acc401tutor.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
- SSN 0XX-01-1XXX
- Date of Birth (DOB) 05/27/1975
22 ACC 401 TUTOR Innovation is Our
Tradition