What amount will margaret be allowed

Assignment Help Accounting Basics
Reference no: EM132549134

Question - Margaret owns her own business. She is married filing a joint return. She paid $500 per month for her health insurance. Her husband's employer paid all his health insurance premiums for his family plan, except $35 per month. What amount will Margaret be allowed to deduct for the self-employed health insurance adjustment on Form 1040?

a. $6,420

b. $3,600

c. $6,000

d. $0

Reference no: EM132549134

Questions Cloud

What advice would you give to jeff bezos in early 2001 : Assuming you are a member of the Amazon's board of directors, what advice would you give to Jeff Bezos in early 2001?
What is annual depreciation cost of equipment : Equipment would be depreciated over its useful life of 10 years using a tax allowable straight-line rate of 10%. What is annual depreciation cost of equipment?
What are product and period costs : Question - What are product and period costs? Why is it important to correctly classify costs as product costs or period costs? Discuss fully
Make contribution format variable costing income statements : Make contribution format variable costing income statements for Korona Company to show the overall effect on the company's net operating income
What amount will margaret be allowed : Margaret owns her own business. She is married filing a joint return. What amount will Margaret be allowed to deduct for the self-employed
What objectives have you set for the investigation : Are there particular stages to the research - e.g. piloting, then main research? Screening interviews, then a main study? If there are stages, what are they?
Determine the difference in income : Determine the difference in income, total assets, and total stockholders' equity for the period of years 1-6 under the two different sets of accounting rules
What are the serving sizes for each brand : What major differences do you see between the nutrients in these brands and What are the serving sizes for each brand
Understanding and ability to synthesize concepts presented : The reading response assignment is an opportunity to demonstrate your understanding and ability to synthesize concepts presented

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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