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ACC 401 Course Experience Tradition tutorialrank.com

For more course tutorials visit<br>www.tutorialrank.com<br> <br><br>32) List the five types of filing status and briefly explain the requirements for the use of each one.<br> <br>33) In which of the following cases may the taxpayer claim head of household filing status?<br> <br>a. The taxpayer is single and maintains a household which is the principal place of abode of her infant son.<br>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.<br>c. The taxpayer is married from January to October and lived with his spouse from January to May. From June 1 to December 31, the taxpayer maintained a household that was the principal place of abode of his married son and daughter-in-law whom the taxpayer can claim as dependents.<br>

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ACC 401 Course Experience Tradition tutorialrank.com

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  1. ACC 401 Course Experience Tradition / tutorialrank.com For More Tutorials www.tutorialrank.com

  2. ACC 401 Course Experience Tradition / tutorialrank.com 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.

  3. ACC 401 Course Experience Tradition / tutorialrank.com 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?

  4. ACC 401 Course Experience Tradition / tutorialrank.com 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 Linda’s tax return?

  5. ACC 401 Course Experience Tradition / tutorialrank.com 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 Mickey’s dialysis clinic. On the way home they go 10 miles out of their way to stop at Mickey’s favorite restaurant.

  6. ACC 401 Course Experience Tradition / tutorialrank.com 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:

  7. ACC 401 Course Experience Tradition / tutorialrank.com 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 building’s operation and maintenance. Is Ramone engaged in the trade or business of renting real estate?

  8. ACC 401 Course Experience Tradition / tutorialrank.com 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.

  9. ACC 401 Course Experience Tradition / tutorialrank.com ACC 401 Week 4 Assignment Chapter 9, Problem 42 problem 49(UOP) ACC 401 Week 4 DQ 1 Tax Credits and Payroll Taxes • 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. • 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.

  10. ACC 401 Course Experience Tradition / tutorialrank.com 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?

  11. ACC 401 Course Experience Tradition / tutorialrank.com 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. • Q:Appendix 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

  12. ACC 401 Course Experience Tradition / tutorialrank.com For More Tutorials www.tutorialrank.com

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