ACC 547 Experience Tradition/newtonhelp.com

1
ACC 547 Experience Tradition/newtonhelp.Com
2

• ACC 547 Final Exam Guide
•  
• For more course tutorials visit
• www.newtonhelp.com
•  
• 1. In 2016, Sayers, who is single, gave an
  outright gift of 50,000 to a friend, Johnson,
  who needed the money to pay medical expenses. In
  filing the 2016 gift tax return, Sayers was
  entitled to a maximum exclusion of
• 2. On July 1, 2016, Vega made a transfer by
  gift in an amount sufficient to require the
  filing of a gift tax return. Vega was still alive
  in 2016.
• If Vega did not request an extension of time for
  filing the 2016

3

• ACC 547 Week 1 Tax Research Paper
•  
• For more course tutorials visit
• www.newtonhelp.com
•  
• Review two sources that discuss the different
  types of tax authority (specifically primary and
  secondary sources).
• Createa 700- to 1,050-word (at least meet the
  minimum words) document that addresses the
  following
• What are the two different categories of tax
  research (open and closed transactions)?
• Of the two known sources, primary secondary,
  which has more authority ?

4

• ACC 547 Week 2 Getting Personal
•  
• For more course tutorials visit
• www.newtonhelp.com
•  
• Introduction
• Gross Income
• Above the Line Deductions
• Itemize Deductions
• Personal Exemptions
• Taxable Income
• Tax Credits
• Conclusion

5

• ACC 547 Week 3 Comprehensive Problem Machines Inc
•  
• For more course tutorials visit
• www.newtonhelp.com
•  
• Comprehensive Problem for Chapters 7 and 8. Sam
  Johnson started a small machine shop, Machines,
  Inc., in his garage and incorporated it in March
  of 2013 as a calendar-year corporation. At that
  time, he began using his personal computer and
  tools solely for the business as part of his
  contribution to the corporation. The computer
  cost 2,700 but had a fair market value of only
  900 at conversion and the tools, which had cost
  1,500, were valued at 1,100. During 2013,
  Machines, Inc. purchased two machines Machine A,
  purchased on May 2, cost

6

• ACC 547 Week 4 Jordan and Diana Diego (Score 85)
•  
• For more course tutorials visit
• www.newtonhelp.com
•  
• Jordan (SSN 150-66-7788) and Diana (SSN
  150-67-4321) Diego are a married couple who
  reside at 111 Coral Drive in Miami, FL 33156.
  They have one dependent daughter, Emily (SSN
  155-88-4321), age 18, who lives at home.
• Jordan is a manager at Big Box Corporation. His
  Form W-2 wages are 68,000 and federal income tax
  withheld is 8,300. The correct payroll taxes
  were withheld.
• Diana worked at a local department store for the
  first half of the year. Her Form W-2 wages are
  40,000 and federal income tax is 3,300. The
  correct payroll taxes were also withheld.

7

• ACC 547 Week 5 Sales and Use Tax
•  
• For more course tutorials visit
• www.newtonhelp.com
•  
• Sales and Use Tax What is the Solution?
• Introduction
• Sales and Use Tax Laws
• Should There Be a Federal Sales and Use Tax
  System?
• Conclusion

8

• ACC 547 Week 6 Godfreys Assets
•  
• For more course tutorials visit
• www.newtonhelp.com
•  
• When Godfrey died in 2016, his assets were valued
  as follows
• Asset Date of death valuation
  Valuation six months later
• Stocks 2,220,000 2,180,000
• Bonds 4,600,000 4,620,000
• Home 800,000 780,000
• Total 7,620,000 7,580,000

9
ACC 547 Experience Tradition/newtonhelp.Com