Business, 06.12.2019 21:31 kassidy49

Christian everland (ss# 412-34-5670) is single and resides at 3554 arrival road, apt. 6e, buckhead, ga 30625. last year christian started his own landscaping business. he now has two employees and had the following business results in 2018: revenue $ 63,500 expenses wages $ 12,500 payroll taxes 956 fuel 3,500 repairs 2,345 assets truck, used 100% for business. original cost of $22,000. purchased on 03/01/18. mower #1. original cost of $4,500. purchased new on 01/05/18. mower #2. leased for $200 per month for all of 2018. other business equipment. original cost of $4,000. purchased new on 01/05/18. section 179 depreciation is elected for all eligible assets. christian has no other income, does not itemize, and has no dependents. he paid four quarterly federal tax estimates of $700 each.
prepare christian’s 2016 form 1040 and supplemental schedules. schedule c, form 4562, and schedule se are required. he wants to contribute to the presidential election campaign and does not want anyone to be a third-party designee. christian had qualifying health care coverage at all times during the tax year. for any missing information, make reasonable assumptions.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 11:50

Select the correct answer. ramon applied to the state university in the city where he lives, but he was denied admission. what should he do now? a.change his mind about graduating and drop out of high school so he can start working right away. b. decide not to go to college, because he didn’t have a backup plan. c.stay positive and write a mean letter to let the college know that they made a bad decision. d. learn from this opportunity, reevaluate his options, and apply to his second and third choices.

Answers: 2

Answer

Business, 22.06.2019 16:40

Determining effects of stock splits oracle corp has had the following stock splits since its inception. effective date split amount october 12, 2000 2 for 1 january 18, 2000 2 for 1 february 26, 1999 3 for 2 august 15, 1997 3 for 2 april 16, 1996 3 for 2 february 22, 1995 3 for 2 november 8, 1993 2 for 1 june 16,1989 2 for 1 december 21, 1987 2 for 1 march 9, 1987 2 for 1 a. if the par value of oracle shares was originally $2, what would oracle corp. report as par value per share on its 2015 balance sheet? compute the revised par value after each stock split. round answers to three decimal places.

Answers: 1

Answer

Business, 23.06.2019 00:00

Winston churchill's stamp collection was valued at $14 million when he died. at auction, it brought in only $4 million. what was it worth? why?

Answers: 3

Answer

Business, 23.06.2019 18:40

Sri lanka is one of the major tea producing nations in the world. a substantial portion of the country's annual tea production gets exported to various countries, including the united arab emirates, russia, and other countries in the middle east. given the success in these countries, sri lanka decided to foray into the asian market. research evidence indicated that people in myanmar are major consumers of tea and that there is a high demand for tea in that country. this convinced industry experts in sri lanka that exporting to myanmar was a good idea. even though sri lankan tea was priced competitively, sales in myanmar turned out to be far lower than expected. which of the following, if true, could explain this outcome? a. myanmar exported a substantial amount of its annual tea production that year. b. the tea exported from sri lanka is of the highest quality. c. the myanmar government hiked the minimum wage for labor. d. people in myanmar are willing to pay more for their domestic tea brands than for foreign brands. e. sri lankan tea exports to other asian countries like india and china have also not been very successful.

Answers: 1

Answer

You know the right answer?

Christian everland (ss# 412-34-5670) is single and resides at 3554 arrival road, apt. 6e, buckhead,...

Questions