User Account

All Pages

How do compute tax due or refund

Assignment Help Accounting Basics
Reference no: EM132700303

Susan is single and lives with her 2 young children. She has a salary of $75,000 and had Federal tax withheld of $10,000. She has the following itemized deductions:

Medical 8,000
Mortgage interest 5,000
Credit card interest 2,000
Property tax 2,500
Sales tax 1,500
State income tax withheld 2,000
Charitable contributions 1,000
Tax return preparation fee 500
Childcare expenses 5,000

Problem 1: Compute her tax due or refund. Use 2019 tax law

Reference no: EM132700303

Questions Cloud

Established under state of california constitution : What are the different types of courts established under the State of California's Constitution?
Explain the decision tree : Explain the decision tree. Support your explanation with an example. You need to choose your own topichdecisio? (e.g. considering upgrading reinforced)
What are the impact of this strategic job analysis : What are the impact of this strategic job analysis on the execution of the cost reduction strategy and the decision to outsource the call centre unit?
How can you keep your skills aggressively current : What did you learn about SQL after watching Brent Ozar's video? How can you keep your skills aggressively current? Be specific and provide examples.
How do compute tax due or refund : Susan is single and lives with her 2 young children. Sales tax 1,500 State income tax withheld 2,000. Compute her tax due or refund. Use 2019 tax law
Compute the break-even point in units for each process : The second process would have a variable cost of $6 per case. Compute the break-even point in units for each process
Define global computer connectivity and survivability : Define Global Computer Connectivity, Survivability and Cyberwarfare as it effects the world, provide little history, how does it effect cyberterrorism,
How much marketable securities does the company have : How much marketable securities does the company have? Show your calculation. How much accounts receivable does the company have? Show your calculation
Strategy planning activities : Identify some core values of this organization as best as you can. What do they believe in (beyond organizational success or profitability)?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd