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• ACC 401 Week 1 Assignment Chapter 2 Problems 32
  33 38(UOP)

• ACC 401 Week 1 DQ 1 Basic Concepts

• 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.

• 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.

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• ACC 401 Week 1 DQ 2 Gross Income

• ACC 401 Week 1 Quiz Set 2

• 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.

• 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 Week 1 Quiz(UOP)

• ACC 401 Week 2 Assignment Chapter 4 problem 53
  and problem 55(UOP)

• ACC 401 Week 1 Quiz

• 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?

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• ACC 401 Week 2 DQ 1 Adjusted Gross Income

• ACC 401 Week 2 DQ 2 Itemized Deductions

• 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?

• 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.

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• ACC 401 Week 2 Quiz(UOP)

• ACC 401 Week 3 Assignment Chapter 6(UOP)

• ACC 401 Week 2 Quiz

• 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

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• ACC 401 Week 3 DQ 1 Self-Employed Business Income
  Capital Gains

• ACC 401 Week 3 DQ 2 Rental Property Royalties

• 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.

• 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?

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• ACC 401 Week 3 Quiz(UOP)

• ACC 401 Week 4 Assignment Chapter 9, Problem 42
  problem 49(UOP)

• ACC 401 Week 3 Quiz

• 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.

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• ACC 401 Week 4 Assignment Chapter 9, Problem 42
  problem 49(UOP)

• ACC 401 Week 4 DQ 1 Tax Credits and Payroll Taxes

• 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.

• 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.

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• ACC 401 Week 4 DQ 2 Payroll Taxes and Retirement
  Plans

• ACC 401 Week 5 DQ 1 Partnership Taxation

• 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.

• 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?

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• ACC 401 Week 5 DQ 2 Corporate taxation

• ACC 401 Week 5 Final Paper Assignment (UOP)

• 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.

• 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

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