Sophia and jacob are married and file a joint return the

Reference no: EM13588552

1. Sophia and Jacob are married and file a joint return. The return for 2012 included a Form 2106 for each of them. The return for 2013, however, included a Form 2106 and a Schedule C. In terms of employment status, what could have happened.

2. Ava recently graduted from college and is interviewing for a position in marketing. Gull Corporation has offered her a job as a sales representative that will require extensive travel and entertainment but provide valuable experience. Under the offer, she has two options: a salary of $53,000 and she absorbs all expenses; a salary of $39,000 and Gull reimburses for all expenses. Gull assures Ava that the $14,000 difference in the two options will be adequate to cover the expenses incurred. What issues should have an impact on Ava's choice?

3.Melanie is employed full-time as an accountangt for a national hardware chain. She also has a private consulting practice, which provides tax advice and financial planning to the general ublic. For this purpose, she maintains an office in her home. Expenss relating to her home are as follows.

Real property taxes $3,600
Interest on home mortgage 3,800
Operating expenses of home 900
Depreciating allocated to 20% business use 1,500
melanie's income from consulting is $17,000 and the related expenses are $5,000

a) What is Melanie's office in the home deduction?

b) Suppose Melanie also spent $4,000 to repaint and replace he carpet in the office.How do these additional costs change the ansewr to part (a)?
c. suppose Melanie's income from consulting is only $8,000 (not $17,000). How does this change the answer to part (a)?

Reference no: EM13588552

Questions Cloud

A object is in front of a converging lens f 040 m the : an object is in front of a converging lens f 0.40 m. the magnification of the lens is m 2.1. relative to the lens

Reynolds co issued 72 million face amount of 1075 bonds : reynolds co. issued 72 million face amount of 10.75 bonds when market interest rates were 11.10 for bonds of similar

An electron is fired with speed 2400 ms into a region of : an electron is fired with speed 2400 ms into a region of uniform electric field with magnitude 8 nc. assuming the

Reed pentak a finance major has been following : reed pentak a finance major has been following globalization and made the following observation concerning accounting

Sophia and jacob are married and file a joint return the : 1. sophia and jacob are married and file a joint return. the return for 2012 included a form 2106 for each of them. the

The assembly department produced 5000 units of product : the assembly department produced 5000 units of product during march. each unit required 2.20 standard direct labor

A bug that has a mass mb 3 g walks from the center to the : a bug that has a mass mb 3 g walks from the center to the edge of a disk that is freely turning at 20 rpm. the disk

Write the balanced chemical equation for the reaction in : toluene c7h8 is used in the manufacture of explosives such as tnt trinitrotoluene. a 1.500 g sample of liquid toluene

A luminous object is 340m from a wall you are to use a : question a luminous object is 3.40m from a wall. you are to use a concave mirror to project an image of the object on

User Account

All Pages