Jeffery norville is a single taxpayer

Assignment Help Accounting Basics
Reference no: EM13688933

Jeffery Norville is a single taxpayer. His SSN is 412-34-5670, and he lives at 5037 Circle Court, Crestview, IL 60543. His W-2 for 2014 shows gross wages of $92,600 with $5,741 of social security and $1,343 of Medicare taxes withheld. He has $17,347 of federal withholding and $2,595 in state withholding. Jeffery does not itemize. He had the following stock transactions for the year:

Stock Shares


Date Purchased


Date Sold


Sale Price


Cost Basis

5,500


7/8/13


9/12/14


$15,000


$18,000

800


3/12/14


10/21/14


43,000


47,000

2,800


2/13/07


10/21/14


30,000


22,000

He also has interest from a savings account with Local Neighborhood Bank of $250 and a dividend from a Form 1099-DIV of $1,600 in ordinary dividends, of which $1,350 are considered qualified dividends.

Prepare and submit a 2014 Form 1040 for Jeffery. Assume that each box 3 of the 1

Reference no: EM13688933

Questions Cloud

Discuss the sources of information : 1. Discuss the sources of information and the types of inquiries that you and the firm's partners may make in connection with accepting Hitech as a new client.
Present below is information related to haselhof : Present below is information related to Haselhof
Classify the product in terms of its income elasticity : They have their product priced at $30. Is this optimal and why or why not and what would you recommend their optimal price to be?
The voting stock of stance : The voting stock of Stance,
Jeffery norville is a single taxpayer : Jeffery Norville is a single taxpayer
What would you suggest to the firms mix of labor : Is this an example, of a Cobb-Douglas Production function and would you suggest this firm merge with similar firms?
Identify decisions that managers : Identify decisions that managers like Choi must make in applying decision methods.
Make better informed business decisions : Discuss how automated accounting software can help management make better informed business decisions.
How long will it take him to try each possibility : He also knows that the number has 7 digits and the last digit is not a zero. if jay were to dial all of the possible numbers and it takes him 21 seconds to try each one, how long will it take him to try each possibility?

Reviews

Write a Review

Accounting Basics Questions & Answers

  O january 1 2010 carey inc entered into a noncancellable

on january 1 2010 carey inc. entered into a noncancellable agreement agreeing to pay 3500 at the end of each year for

  Fork plastics has examined its utilities expense for may

the following information has been provided by lightning energy bars inc. for the month of september when they sold

  The catseye marble co is thinking of replacing a manual

the catseye marble co is thinking of replacing a manual production process with a machine. the manual process requires

  You work as an accountant for a small land development

you work as an accountant for a small land development company that desperately needs additional financing to continue

  There is an alternative procedure

There is an alternative procedure

  Production line dedicated to the production of aparticular

A manufacturing company has a small production line dedicated to the production of aparticular product. The line has four stations in serial. Inputs arrive at station 1 and theoutput from station 1 becomes the input to station

  Wagner inc had a beginning cash balance of 14000 on january

wagner inc. had a beginning cash balance of 14000 on january 1 2011. during january the company recorded debits of

  What is the appropriate accounting treatment for the value

what is the appropriate accounting treatment for the value assigned to in-process research and development acquired in

  During 2012 e earned 70000 of wages from employer x and

during 2012 e earned 70000 of wages from employer x and 50000 of wages from employer y. bother employers withheld and

  Land enterprises has purchased new equipment on a long-term

land enterprises has purchased new equipment on a long-term payment plan. the contract calls for land to pay 50000 at

  Vorteck inc manufactures snowsuits vorteck is considering

vorteck inc. manufactures snowsuits. vorteck is considering purchasing a new sewing machine at a cost of 2.5 million.

  Intel stmicro and francisco partners are going into

intel stmicro and francisco partners are going into business together taking equity shares in the new venture of

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