Joyce is a single cash-method taxpayer on april 11 2009

Assignment Help Accounting Basics

Reference no: EM13590929

Joyce is a single, cash-method taxpayer. On April 11, 2009, Joyce paid $120 with her 2008 state income tax return. During 2009, Joyce had $1,600 in state income taxes withheld. On April 13, 2010, Joyce paid $200 with her 2009 state tax return. During 2010, she had $2,100 in state income taxes withheld from her paycheck. Upon filing her 2010 tax return on April 15, 2011, she received a refund of $450 for excess state income taxes withheld. Joyce had total AGI in 2010 and 2011 of $51,000 and $53,500, respectively. In 2010, Joyce also paid $3,500 in qualified residence interest.
Assume the same facts above, but change the amount of Joyce's mortgage interest to $3,200.

a. What is her taxable income for 2010?
b. What is her AGI for 2011?

Reference no: EM13590929

Questions Cloud

Mr mostafa recieved an inheritance of 7000 he put part of : mr. mostafa recieved an inheritance of 7000. he put part of it in a tax shelter paying 9 interest and part in a bank

The pet center stocks many kinds of merchandise the store : case 1. ballston company uses the fifo method of costing its merchandise inventory. the manager is considering a change

A centrifuge in a medical laboratory rotates at an angular : question a centrifuge in a medical laboratory rotates at an angular speed of 3 600 revmin. when switched off it rotates

At the main street theater the cashier located in a box : at the main street theater the cashier located in a box office at the entrance receives cash from customers and

Joyce is a single cash-method taxpayer on april 11 2009 : joyce is a single cash-method taxpayer. on april 11 2009 joyce paid 120 with her 2008 state income tax return. during

The premium per 1000 was 356 she will be 45 years old this : keena williams took out a 100000 5-year term policy at age 40. the premium per 1000 was 3.56. she will be 45 years

What is the ratio of the maximum radial force on the : the spin cycles of a washing machine have two angular speeds 423 revmin and 640 rev min. the internal diameter of the

Vinita ramaswamy recently acquired wild country air wild : vinita ramaswamy recently acquired wild country air. wild country has been in business for many years and provides

Our sun is 23 x 104 ly light-years from the center of our : our sun is 2.3 x 104 ly light-years from the center of our milky way galaxy and is moving in a circle around that

User Account

All Pages