User Account

All Pages

What is dave taxable income

Assignment Help Accounting Basics
Reference no: EM131661454

Question - During 2015, Dave, a single taxpayer, 39 years old, had Schedule C income of $84,000. His self-employment tax was $8,000. He also had itemized deductions of $4,000. What is Dave's AGI? What is Dave's taxable income?

Reference no: EM131661454

Questions Cloud

What are some common workplace hazards : Answer the following question and the answer must at least be 150-word answer. 1. What are some common workplace hazards?
Watch the video- ethics vs psychological research : Professional psychologists, in nonclinical fields, provide valuable consultation services to governmental, corporate, nonprofit agency, and individual clients.
Calculate the weighted average cost for the han corp : Given the following information, calculate the weighted average cost for the Han Corp. Percent of capital structure: Preferred stock 15% Common equity 60% Debt.
Discuss each type of financing transaction : For each type of financing transaction, specify whether Citigroup would serve as the creditor or would simply facilitate the flow of funds to the firm.
What is dave taxable income : His self-employment tax was $8,000. He also had itemized deductions of $4,000. What is Dave's AGI? What is Dave's taxable income
Find the cost of goods sold and the ending inventory : Urban Bicycle, a cycling store has a beginning inventory of one bi-level touring bicycle 1, The cost of goods sold and the ending inventory, respectively, are
Evaluate the internal and external environments : Evaluate the internal and external environments of your selected company using an environmental scan.
Prepare a stockholders section of a classified balance sheet : Prepare a Stockholders' section of a classified balance sheet as of December 31, 2015 (after taking into consideration your journal entries)
How much self employment tax must he pay : He also earned a salary of $95,000 from his full-time job. How much self employment tax must he pay for 2013

Reviews

Write a Review

Accounting Basics Questions & Answers

  Basics of initial value method in accounting

One company acquires another company in a combination accounted for as an acquisition. The acquiring company decides to apply the initial value method in accounting for the combination. What is one reason the acquiring company might have made this..

  Most of the differences between commercial accounting and

most of the differences between commercial accounting and accounting for gampnp organizations result from differences

  Calculate the companys current income

Calculate the company's current income and determine the level of dollar sales needed to double that figure

  In 2003 landry restaurants reported the cost of their

a carrie company sold merchandise with an invoice priceof 1000 to underwood inc. with terms of 210 n30. which ofthe

  Discuss the statement of owners equity

Use the following adjusted trial balance of Webb Trucking Company to prepare the income statement.

  How is the internal management structure of an

how is the internal management structure of an organization tied to the organizations budget? how might management help

  Computing the gross profit percentage

What is the amount of the gross profit? Compute the gross profit percentage (gross profit divided by sales). Will the income statement necessarily report a net income? Explain"

  Compute the ending inventory under the dollar value

Compute the ending inventory under the dollar-value LIFO method at December 31, 2011. The cost-to-retail ratio for 2011 was 55%.

  Why is allocation of costs a critical business function

why is it important for health care organizations to accurately measure their costs? which methods can health care

  A large sporting goods store is placing an order for

a large sporting goods store is placing an order for bicycles with its supplier. four models can be ordered the adult

  Standard company manufactures a product that passes through

standard company manufactures a product that passes through two processes assembly and packaging. the information for

  On january 1 2013 nichols corporation granted 10800 options

on january 1 2013 nichols corporation granted 10800 options to key executives. each option allows the executive to

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