How you file the following items on form 1040 please be

Assignment Help Accounting Basics

Reference no: EM13483972

How you file the following items on Form 1040? Please be specific and inclue any extra calculations required.
-Group-term life insurance coverage of $50,000. Cost to cover for the company for the tax year is $150

-Access to company equipment for personal use (ex: the use of the copier for $40 worth of copies for a church activity)

-being a 50% owner of a company, a subchapter S corporation. The company reports ordinary business income for the year of $22,000. The company's employer ID number is also available if needed.

-state income tax withholding

-child support payment (pretty certain this isn't reported, but just double checking!)

-Life insurance proceed from the death of a family member (pretty certain this is also not reported)

Reference no: EM13483972

Questions Cloud

Penguin productions is evaluating a film project the : penguin productions is evaluating a film project the president of penguin estimates that the film will cost 20000000 to

What was the cost per equivalent unit for conversion costs : parmentier company uses the weighted-average method in its process costing system. the molding department is the second

Powerdyne companys cost of goods sold is consistently 60 : powerdyne companys cost of goods sold is consistently 60 of sales.nbspnbspthe company plans to carry ending

The contract offer called for an immediate signing bonus of : ames hardy recently rejected a 20000000 five year contract with the vancouver seals hockey team. the contract offer

How you file the following items on form 1040 please be : how you file the following items on form 1040? please be specific and inclue any extra calculations

If charles expects to live for 20 years in retirement how : 1. k. herrmann has decided to set up a scholarship fund for students. she is willing to deposit 5000 in a trust fund at

Honeybutter inc manufactures a product that goes through : honeybutter inc. manufactures a product that goes through two departments prior to completion- the mixing department

Make the journal entries necessary for each of the four : cedarville company pays its office employee payroll weekly. below is a partial list of employees and their payroll data

Pacific ink had beginning work-in-process inventory of : pacific ink had beginning work-in-process inventory of 587225 on october 1. of this amount 312500 was the cost of

User Account

All Pages