subject
Business, 08.02.2021 18:40 naeaamm6981

Julie Anderson is a single parent and lives with her dependent daughter Alice who is 17-years old. Julie is a project manager and her W-2 wage is $75,200. Julie's father passed away on April 14. She inherited cash of $50,000 from her father and his baseball card collection, valued at $2,000. Every year she also receives interest income from a trust fund, which does not invest in municipal bondsor other tax-exempt securities. She took the standard deduction on her 2018 federal tax return. Her 2019 filing status is head of household. She also has the following items for 2019:Interest income from the trust fund……. $2,000Ordinary dividend income$500(All the dividends are qualified for the 15% tax rate)She also bought 50 shares Apple Inc. stock (AAPL) when the price was $100 per share. AAPL's market closing price for December 2019 is $250 per share. During the year she went to Vegas and won $ 1,300 in a poker game. However, she lost $2,000 at other casinos. She also provided the following information:Illinois state income tax refund………….. $ 250Federal income tax refund……………… $2,400Child support from her ex-husband…….. $6,000Alimony payment from her ex-husband. Their divorce was finalized on August 15, 2019…..$12,000During the year she received $4,000 insurance payout from AFLAC due to a temporary disability. She bought the insurance policy herself. In addition, she also provided the following information:State income tax withheld from her paycheck…………………. .$ 3,200Federal income tax withheld from her paycheck………………. $ 9,000Social security tax paid as an employee $ 5,640Home mortgage loan interest………………… $ 5,500Real estate tax on her house………………… $ 4,000Personal-use car loan interest……………….. $ 2,000She also paid $2,000 of qualified student loan interest. Ms. Anderson had a medical procedure and incurred qualified medical costs of $30,000. Her health insurance policy pays 80% of the medical cost and Julie paid the remaining 20% out of her own pocket. Her car was completely damaged in hurricane Hana, a federally declared natural disaster. Before the disaster the car has a fair market value of $12,000. She bought the car for $25,000 when it was new. Schedule A LIne 4 (Medical and Dental) ?Schedule A Line 15 (Deductible Casualty Loss)?Schedule-A Total Itemized Deductions ?

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 14:20
Suppose that each firm in a competitive industry has the following costs: total cost: tc=50+12q2tc=50+12q2 marginal cost: mc=qmc=q where qq is an individual firm's quantity produced. the market demand curve for this product is: demand qd=160−4pqd=160−4p where pp is the price and qq is the total quantity of the good. each firm's fixed cost is.
Answers: 3
question
Business, 22.06.2019 04:00
Medtronic, inc., is a medical technology company that competes for customers with st. jude medical s.c., inc. james hughes worked for medtronic as a sales manager. his contract prohibited him from working for a competitor for one year after leaving medtronic. hughes sought a position as a sales director for st. jude. st. jude told hughes that his contract with medtronic was unenforceable and offered him a job. hughes accepted. medtronic filed a suit, alleging wrongful interference. which type of interference was most likely the basis for this suit? did it occur here? medtronic, inc., is a medical technology company that competes for customers with st. jude medical s.c., inc. james hughes worked for medtronic as a sales manager. his contract prohibited him from working for a competitor for one year after leaving medtronic
Answers: 2
question
Business, 22.06.2019 12:00
Select the correct answer. martha is a healer, a healthcare provider, and an experienced nurse. she wants to share her daily experiences, as well as her 12 years of work knowledge, with people who may be interested in health and healing. which mode of internet communication can martha use? a. wiki b. email c. message board d. chat e. blog
Answers: 2
question
Business, 22.06.2019 12:40
Evan company reports net income of $232,000 each year and declares an annual cash dividend of $100,000. the company holds net assets of $2,130,000 on january 1, 2017. on that date, shalina purchases 40 percent of evan's outstanding common stock for $1,066,000, which gives it the ability to significantly influence evan. at the purchase date, the excess of shalina’s cost over its proportionate share of evan’s book value was assigned to goodwill. on december 31, 2019, what is the investment in evan company balance (equity method) in shalina’s financial records?
Answers: 2
You know the right answer?
Julie Anderson is a single parent and lives with her dependent daughter Alice who is 17-years old. J...
Questions
question
Mathematics, 12.10.2020 01:01
question
Mathematics, 12.10.2020 01:01
Questions on the website: 13722367