How many children will john include at item of tax return

Assignment Help Accounting Basics
Reference no: EM133153765

Question - Damian is a single father with 4 dependent children, whose details are as follows:

Name Age Full time student Income Living with Damian

George 22 No $0 Yes

Edward 21 Yes $5,566 Yes

Kym 17 Yes $0 Yes

Cathy 14 Yes $0 No - paying child support; not entitled to FTB for Cathy

Required - How many children will John include at Item IT8 of the tax return?

Reference no: EM133153765

Questions Cloud

Show how grabbit plc will account for the transaction : Show how Grabbit plc will account for the above transaction in its statement of financial position at 31 December 20X8
Suggest a policy draft for hospitality : Suggest a policy draft for hospitality and tourism governing bodies by describing a bushfire in NSWs objectives and involved stakeholders
How baking temperatures may vary with different products : a) Explain how baking temperatures may vary with different products and why?
Articulate the business problem : Articulate the business problem and list steps you would take to find the solution (e.g., process to be undertaken inaddressing the problem)
How many children will john include at item of tax return : Cathy 14 Yes $0 No - paying child support; not entitled to FTB for Cathy. How many children will John include at Item IT8 of the tax return
What dangers are involved when working with raw cake batters : In relation to food safety, what dangers are involved when working with raw cake batters? List 2 examples:
Informed about the actions of main competitor : As Marketing Director at the Hauck Corporation, you try to keep informed about the actions of your main competitor, Campbell Labs. Currently you believe that Ca
What value did ginormous oil place on control of slick co : Immediately prior to the Ginormo us Oil bid, the shares of Slick Co. traded at $33 per share. What value did Ginormous Oil place on the control of Slick Co.
Discuss possible roles and responsibilities of stakeholders : Discuss the possible roles and responsibilities of stakeholders within the Grab ecosystem that you think may influence the growth in Southeast Asian sharing Eco

Reviews

Write a Review

Accounting Basics Questions & Answers

  Basic unity-ratio source

For each, find the output resistance, and contrast it with ro of the basic unity-ratio source that is providing the desired current and for which RE = 0. Use β=∞and VA = 50 V.

  Compute Martinez cash receipts from customers

At December 31, 2020, accounts receivable is $54,000. Sales revenue for 2020 total $451,000. Compute Martinez's 2020 cash receipts from customers

  Determine the solis adjusted unamortized bond premium

Interest is payable annually on December 31. At December 31, Year 1, determine the Solis's adjusted unamortized bond premium

  Which is the weighted average cost of the fuses

Which is the weighted average cost of the fuses and air filters being sold if Troy implements the weighted average method to inventory these supplies?

  Prepare master budget for freshpak corporation for next year

Problem 1 - Preparation of Master Budget - Prepare a master budget for FreshPak Corporation for the next year. Assume an income tax rate of 40 percent

  Make journal entry flyer will record at inception of lease

Flyer (lessee) signs a five-year capital lease for office equipment with a $20,000 annual lease payment. The present value of the five annual lease payments.

  Prepare comprehensive report on factory overhead accounting

Question - Prepare comprehensive report on factory overhead accounting, variance and departmentalization for any one organization

  How effectively you managed your budget

FNS50215 Diploma of Accounting - FNSACC503 Manage Budgets and Forecasts - In this task, you will apply your skills in preparing a personal monthly budget for yourself. You may use a personal budgeting template from online resources with appropriate..

  What types of information theft could leave a company

What types of information theft could leave a company particularly vulnerable and what control (s) would you put in place to prevent?

  What should be the diluted earnings per share

Assuming the income tax rate was 40 percent, what should be the diluted earnings per share for the year ended December 31, 2021

  Shurshot sports inc manufactures basketballs for the

shurshot sports inc. manufactures basketballs for the national basketball association nba. for the first 6 months of

  Tom named his wife patricia the beneficiary of a 200000

tom named his wife patricia the beneficiary of a 200000 insurance policy on his life. upon his death the proceeds are

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!

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