This website uses cookies to ensure you have the best experience. Learn more

Fedtax 1 45, 1 47, 2 67 &2 68 Essay

757 words - 4 pages

Solutions to Problems 1-45, 1-47, 2-67 &2-68
As for problem 1-45, Paul did not meet his entire obligation to the IRS in 2011. Hi had a tax liability of $32,817 and he was withheld $27,198 therefore owing the IRS $5,619. But Paul did not pay the $5,619 with his tax return and rather opted to pay 8 month later without asking for an extension. Therefore Paul faces a penalty and possible interest charges for the unpaid tax liability of $5,619. The penalty could be 0.5% per month (or fraction thereof) up to a maximum of 25% for failure to pay the taxes that where due. If Paul penalty would have been 0.5% the amount owed would be $7,866.60 {$5,619 + $2247.60 (5,619*0.05*8)} or could be up to ...view middle of the document...

As for problem 2-67 Bob and Sue are entitle to a dependency exception for their baby if the following rules were taken under consideration:
* Death or Birth of Child,  A child who was born or died during the year is treated as having lived with you more than half of the year if your home was the child's home more than half of the time he or she was alive during the year.
* Child Born Alive, You may be able to claim an exemption for a child born alive during the year, even if the child lived only for a moment. State or local law must treat the child as having been born alive. There must be proof of a live birth shown by an official document, such as a birth certificate. The child must be your qualifying child or qualifying relative, and all the other tests to claim an exemption for a dependent must be met.
* Your child is also considered to have lived with you during any required hospital stay following birth, as long as the child would have lived with you during that time...

Other Papers Like Fedtax 1-45, 1-47, 2-67 &2-68

Business Unit 2 Assignment 1

4430 words - 18 pages . Task 2 Describe the main employability, personal and communicational skills required when applying for a specific job role as described in task 1. Specific Job: Science teacher Requirements A science teacher would need a list of skills to get a job at an institution such as Beechwood and also there are loads of requirements. The first thing that a science teacher would need, is a science qualification which enables them to teach a certain

Soc 333 Week 2 Dq 1

334 words - 2 pages result of selecting a random sample of 20 United Airlines pilots.     47  45  45  52  58  55  58  44  42  38   45  52  48  47  51  45  52  42  37  40   a. Compute the mean, median, mode, and standard deviation, Q1, Q3, Min, Max for the above sample data on age of pilots. b. In the context of this situation, interpret the Median, Q1, and Q3. 2. Consider the following data on customers at an office supply store. These

Intermediate Accounting 2 Wk 1 Hmwk Assignment

627 words - 3 pages E 12-1, 12-4, 12-5, 12-12, 12-16 12-1 A) 10, 13,15,16,17,19,23 B) 1. Long-term investment/Balance Sheet 2. Property, Plant, Equipment/Balance Sheet 3. Research and Development Expense/Income Statement 4. Current Asset (prepaid rent)/Balance Sheet 5. Property, Plant, Equipment/Balance Sheet 6. Research and Development/Income Statement 7. Charged as expense in the Income Statement 8. Operating Losses in the Income Statement 9

Week 1 Assignment 2 Uop Workshop

359 words - 2 pages Mylaina Salas 4/24/212 Scavenger Hunt 1) What link do you click for accessing the materials for your class? a) _x__ Materials b) ___ Assignments c) ___ Discussion 2) What tab do you click to get to the University of Phoenix Library? a) ___ Home b) ___ Classroom c) _x__ Library d) ___ Account 3) What document do you use to find out what assignments are due in your class? a) ___ Instructor Policies b) _x__

Unit 2. Assignment 1. Dhcp Troubleshooting

287 words - 2 pages Unit 2. Assignment 1. DHCP Troubleshooting Dear Junior Admin: My first question would be what have you done to this point about the issue? What OS are the computers running that have not picked up the new DHCP scope? Start by checking the DHCP setting and configurations are they all correctly configured? Try renewing the IP addresses on the workstations that have not picked up the scope it maybe do to the IP lease agreement. The

Unit Shopper 2 Analysis 1: Computer Shopper

346 words - 2 pages Unit Shopper 2 Analysis 1: Computer Shopper Desktop models • Asus CM6730-US005S Desktop PC with Intel Core i5-3350P Processor,6GB DDR3 Memory,1TB SATA Hard Drive, AMD Radeon HD7470 Graphic C # 7355084 • Description -Immerse yourself in a cinematic experience by connecting to a HD monitor or TV with the HDMI port. Enjoy 7.1 surround sound with high-quality integrated Realtek High Definition Audio. Store your favorite music, photos and video

Com 200 Week 1 Discussion 2 The Self And Communication

359 words - 2 pages This archive file of COM 200 Entire Course consists of: COM-200 week 1 assignment article critique masking poor communication.doc COM-200 week 1 discussion 1 Learning New Skills.doc COM-200 week 1 discussion 2 The self and communication.doc COM-200 week 2 assignment article critique.doc COM-200 week 2 discussion 1 Improving Verbal Communication.doc COM-200 week 2 discussion 2 Nonverbal Miscommunication.doc COM

Unit 2 Assignment 1: Strengths And Challenges Reflection Letter

285 words - 2 pages Unit 2 Assignment 1: Strengths and Challenges Reflection Letter Course Objectives and learning Outcomes • Define terms and concepts related to strategies for technical professionals. • Communicate information using Microsoft Office productivity tools and email. Assignment Requirements This assignment coordinates with Unit 2 Lab 1: Introductory Word Lab. Create and send a letter to your instructor executed in MS Word that discusses

Module 1 Comp 2

307 words - 2 pages Chris Johns What made me interested in reading the article was the reader pointing out that the public service waring Drink, Drive, Lose isn’t really working nowadays and most states are going to a new program called 24/7 Sobriety. This new program should make sure that people who drink and drive really think about the consequences to their actions and that most states are not playing anymore. I think this article was written for people who

Nt1310 Unit 2 Lab 1

915 words - 4 pages Amazon With amazon services you choose a service plan based upon a completely virtual environment. Using a preconfigured AMI (amazon machine image) or creating your own with its own set of network permissions and protocols. This also chooses instance types you may want. Multiple services using AMI and with that utilize static endpoints or attach persistent block storage to said instances. The resources you use is what you will pay for out of the

Business Law 2 - Case Study 1

427 words - 2 pages Case Study 1 – Millan V. Dean Witter Reynolds, Inc. Plaintiff: Maria Millan Defendant: Dean Witter Reynolds, Inc. Appellant: Maria Millan Appellee: Dean Witter Reynolds, Inc. History of the case Trial Court: Dean Witter won. The broker was found 85% liable and the firm was found to be 15%. Lower appellate court: Dean Witter won. Overall winner: Decision upheld, the broker was found 85% liable and the firm was found to be 15

Related Essays

Case 1 2 Essay

401 words - 2 pages Case 1 - Exercise 2 King and Company PRO FORMA AUDITOR'S REPORT To The Board of Directors of The Lakeside Company, We have audited the accompanying balance sheet of The LakeSide Company as of December 31, 2011, and the related statements of income, retained earnings, and cash flows for the year then ended. These financial

Lit 1 Task 2 Essay

1452 words - 6 pages denying employment to Applicant C. In my assessment of all three situations, 1) Company X does not have to reimburse Employee A for his 11 weeks of leave which was, according to the FMLA, unpaid. 2) Company X should have given Employee B the promotion offered instead to 33 year old employee on the basis of seniority and higher rated job performance. And finally, 3) Applicant C, who is disabled and wheelchair bound, cannot be denied employment

Topic 1: Discussion Question 2 Essay

313 words - 2 pages Topic 1: Discussion Question 2 I reminisce to the excitement of the first day of school as I begin the next chapter of my educational journey. The sweet feeling of unknown, the butterflies in the stomach bring about childhood memories. I am looking forward to expanding my knowledge, the joy of overcoming the challenges and most importantly, earning my BSN. I have my goals set clearly before me and my motivation is strong. I know I can overcome

Psy475 (Week 1 Dq 2) Essay

385 words - 2 pages PSY475 (Week 1 DQ 2) Compare and contrast reliability and validity? Going back to Plato’s cave wall of shadows, if we all held up mirrors and reflected a particular point outside the cave would we all see the same thing and further if we were to take another peek an hour later would we see the same thing (reliability). Second is the subject of validity. My second class at college was a critical thinking class. I loved it. I can remember