User Account

All Pages

Is Nicoula required to file an income tax return

Assignment Help Accounting Basics
Reference no: EM132673834

Problem - Nicoula is a server at a La Jolla restaurant. Nicoula received $1,200 in unreported tips during 2019 and owes Social Security and Medicare taxes on these tips. Her total income for the year, including the tips, is $4,300. Is Nicoula required to file an income tax return for 2019? Why or why not?

Reference no: EM132673834

Questions Cloud

What is their tax liability : Melissa and Aaron are married taxpayers with taxable income of $105,000. What is their 2019 tax liability
Four modes of delivering services internationally : 1 Name the following incoterms: DAP, CIF, FOB, and CFR. Explain each incoterm and how they affect the export costing of goods.
Compare fundamental security design principles : After reading chapter 1, compare and contrast two fundamental security design principles. Analyze how these principles and how they impact an organization's.
How can performance measurement systems be tested : How can performance measurement systems be tested? Suggest one method.
Is Nicoula required to file an income tax return : Nicoula received $1,200 in unreported tips during 2019 and owes Social Security and Medicare taxes on these tips. Is Nicoula required to file income tax return
How should digital diskus protect itself from such an attack : If an attacker can retrieve the API and libraries, then use these to write an agent, and then get the attacker's agent installed, how should Digital Diskus.
What is the alternative to adaptation : To what extent do you suppose that firms should attempt to adapt to their external environments? What is the alternative to adaptation?
Explain the role of budgeting in business organizations : Explain the role of budgeting in business organizations. Support answer with suitable examples.
Describe privatization of internet domain addresses : Select a controversial topic regarding regulation and the internet (in either the US, another country, or on an international level) and provide a high-level.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What are total current assets

The following accounts were included on Aeroplane Consultants adjusted trial balance at December 31, 2015

  What is the recommended accounting treatment

Indirect costs. What is the recommended accounting treatment for these three types of R & D costs?

  Write a 3 page paper describing the value of a new

write a 3 page paper describing the value of a new accounting system to kudler fine foods. your paper must cover the

  Prepare a cash flow statement using the indirect method

Prepare a cash flow statement using the indirect method, presented is selected income statement information for the year ended

  Prepare the necessary adjusting entries at december 31 2013

1.on october 1 2013 microchip lent 90000 to another company. a note was signed with principal and 8 interest to be paid

  Deposit made with utility company cash held in a separate

Deposit made with utility company  Cash held in a separate bank account from that mentioned previously

  What is tootsie rolls gross profit margin

What is Tootsie Roll's Gross Profit Margin? What is Tootsie Roll's Profit Margin? What are Tootsie Roll's earnings per share in the three years presented?

  What and how much are the fixed costs

What and how much are the variable costs? Present each item in cost per cupcake basis. What and how much are the fixed costs?

  Calculate the predetermined overhead allocation rate.

a. Calculate the predetermined overhead allocation rate. b. Calculate the overhead cost applied during the year.c. Determine the amount of over- or underapplied overhead.

  How many finished products were manufactured during june

Shorter's finished product requires four units of raw materials. On the basis of this information, how many finished products were manufactured during June

  How many shares of preferred stock have been issued

Preferred stock 450,000 Common stock 44,000,000 44,450,000 Retained earnings 2,680,000. How many shares of preferred stock have been issued

  Suppose that drake corporation produced and sold 5000

suppose that drake corporation produced and sold 5000 laptop computers during 2010. it reported 270000 cash provided by

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