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April 20, 2014

Search: Income Tax - Accounting. Help Me Please

Number of results: 9,828

accounting
Ayres Services acquired an asset for $80 million in 2011. The asset is depreciated for financial reporting purposes over four years on a straight-line basis (no residual value). For tax purposes the asset's cost is depreciated by MACRS. The enacted tax rate is 40%. Amounts for...
Wednesday, September 28, 2011 at 7:12am by Robert

accounting-income tax
During the current year, Deborah Baronne, a single individual, paid the following amounts: Federal income tax $10,000 State income tax $4,000 Real estate taxes on land $1,400 State sales tax $2,000
Sunday, September 1, 2013 at 1:48am by tara

Income Tax - Accounting. Help Me Please.
Tax Rates, latesha, a single taxpayer, had the following income and deductions for the year 2009. INCOME Salary $60,000 Business Income $25,000 Intrest income(bonds)$10,000 Tax-exempt bond interes $ 5,000 ________ TOTAL INCOME $100,000 DEDUCTIONS: Business Expenses $ 9,500 ...
Friday, October 1, 2010 at 1:56pm by austin

Accounting
If Tom, an accountant, agrees to provide accounting services to Carl, a friend, in exchange for Carl fixing Tom's office floor, then: (Points : 1) Tom must report income on his tax return. Carl must report income on his tax return. Neither Tom nor Carl must report income on ...
Wednesday, February 29, 2012 at 8:07pm by Samantha

Accounting
The marginal tax rate is the additional tax payable for an additional dollar of taxable income. $48,000 taxable income falls in the 25% bracket (taxable incomes between $33,950 and $82,250), therefore the marginal tax rate is 25%. The average tax rate is the tax payable ...
Sunday, December 13, 2009 at 1:44am by MathMate

Finance Accounting
One of the advantages of borrowing is that interest is deductible for income tax purposes. a. If a company pays 8 percent interest to borrow $500,000, but is in an income tax bracket that requires it to pay 40 percent income tax, what is the actual net-of-tax interest cost ...
Tuesday, June 4, 2013 at 9:02pm by rennie

accounting
Complete the work sheet. In completing the worksheet, compute State of Illinois corporate income taxes at 41/2% of pretax income. The state income tax is deductible on the federal tax return, and the federal tax is not deductible on the Illinois return. Assume federal ...
Wednesday, April 18, 2012 at 1:55am by bakbone

college accounting
Complete the correct income statement, beginning with income before income taxes. MOLINI CORPORATION Partial Income Statement For the Year Ended October 31, 2008 Income before income taxes $ 540000 Income tax expense 162000 Income before extraordinary item 378000 Extraordinary...
Tuesday, October 6, 2009 at 10:55am by Anonymous

Tax
Anyone knows what's the tax rate in Minnesota? I don't know the name of the tax, but I meant the tax you got taken away from your check when you work. Income tax? I web site with various tax rates corresponding to different level of income earned would be nice. Thanks ahead!
Thursday, December 27, 2007 at 5:57pm by Daisy

tax question
Are you talking about federal or state withholding? Most states (and IRS) have a progressive tax rate than increases with income about a certain threshhold income level, below which no tax is owed. At $12,800 annual income, I doubt whether you need to withhold any income tax ...
Friday, October 2, 2009 at 7:56am by drwls

Public Finance
Suppose the corporate income tax were eliminated and corporate income allocated to shareholders on a pro rata basis according to their proportion of outstanding stock. How would such a change in tax policy affect the excess burden and incidence of the tax, assuming that all ...
Tuesday, September 21, 2010 at 3:32pm by Mel

Public Finance
Suppose the corporate income tax were eliminated and corporate income allocated to shareholders on a pro rata basis according to their proportion of outstanding stock. How would such a change in tax policy affect the excess burden and incidence of the tax, assuming that all ...
Saturday, January 29, 2011 at 8:55pm by Mel

Macroeconomic
1. An example of an automatic stabilizer is A. a temporary tax rebate. B. the progressive income tax.Student Response C. cost of living adjustments to social security payments. 2. Which of the following represent expansionary fiscal policy? A. an increase in average individual...
Tuesday, June 8, 2010 at 4:22pm by Bob

Accounting
which of the following situations will not cause a deferred income tax amount to be recorded ? a - expense that is recognized in 20A for income tax purposes and in 20 B for financial statement purposes b - expense that is recognized in 20A for financial statement purposes but ...
Saturday, January 27, 2007 at 8:53pm by ucstudent

Accounting
which of the following situations will not cause a deferred income tax amount to be recorded ? a - expense that is recognized in 20A for income tax purposes and in 20 B for financial statement purposes b - expense that is recognized in 20A for financial statement purposes but ...
Monday, January 29, 2007 at 6:53pm by ucstudent

tax accounting
purchased a bond on August 15, 2012 for $2,100. $200 of the purchase price represented accrued interest. She received $210 in interest income on the bond on December 1, 2012. What is the proper treatment of the $210 interest income for federal income tax purposes?
Sunday, April 14, 2013 at 11:06am by tim

economics
what are the arguments of high income, middle income, low income and corporate tax payers who are critical o the Canadian government's income tax policy.
Sunday, March 7, 2010 at 5:44pm by Anonymous

Accounting
Your firm has the following income statement items: sales of $50,250,000; income tax of $1,744,000; operating expenses of $10,115,000; cost of goods sold of $35,025,000; and interest expense of $750,000. What is the amount of the firm's income before tax? 3) _______ A) $750,000
Monday, October 13, 2008 at 10:06am by alain

consumer math
The Mannings file a tax return showing $125000 in earned income, $3288 from interest income, and they have a tax credit of 1% of their earned income. They claim 5 exemptions of $2500 each, one head of household exemption of $10500, pre-tax medical deductions of $125 weekly, ...
Monday, March 19, 2012 at 7:49pm by Anonymous

consumer math
The Mannings file a tax return showing $125000 in earned income, $3288 from interest income, and they have a tax credit of 1% of their earned income. They claim 5 exemptions of $2500 each, one head of household exemption of $10500, pre-tax medical deductions of $125 weekly, ...
Monday, March 19, 2012 at 7:49pm by Megan

consumer math
The Mannings file a tax return showing $125000 in earned income, $3288 from interest income, and they have a tax credit of 1% of their earned income. They claim 5 exemptions of $2500 each, one head of household exemption of $10500, pre-tax medical deductions of $125 weekly, ...
Thursday, August 9, 2012 at 2:41pm by Megan

government(taxes)
Sales Tax Trash tax Electricity tax State income tax Gasoline tax Property tax Federal telephone excise tax Excise tax social security tax environmental tax gift tax real estate tax federal taxes water and power tax
Sunday, August 3, 2008 at 9:39pm by lou

accounting
Jerry is considering whether to open a new business in Florida or Costa Rica. The ultimate location of the business could impact the a. amount of business income that is taxable b. tax rates applied to the business income c. both the amount of business income taxed and tax ...
Monday, April 20, 2009 at 12:47am by John

college accounting
Solution Close E15-12 (a) MOLINI CORPORATION Partial Income Statement For the Year Ended October 31, 2008 Income before income taxes $540,000 Income tax expense ($540,000 × 30%) 162,000 Income before extraordinary item 378,000 Extraordinary loss from flood, net of $45,000 tax...
Tuesday, October 6, 2009 at 10:55am by Anonymous

income tax
since you are talking about a capital gain, only half is included as part of your income. After that, it would depend on your total income. And that's just the federal tax. There is also provincial tax. Better go online yourself and do some research.
Sunday, January 8, 2012 at 3:44pm by Steve

Intermediate Accounting
Pan Erickson Construction Company changed from the completed-contract to the percentage-of-compleltion method of accounting for long-term construction contracts during 2008. For tax purposes, the company employs the completed-contract method and will continue this approach i ...
Sunday, January 31, 2010 at 5:45pm by Jeniffer

Public Finance
A worker lives in a state that has its own income tax. The worker is in the 31 percent federal tax bracket. In addition, he is subject to a 9 percent MTR for his state income tax. Assume that mortgage interest is deductible both on his federal and state income tax, and that ...
Monday, January 24, 2011 at 8:12pm by Melvin

public finance
A worker lives in a state that has its own income tax. The worker is in the 31 percent federal tax bracket. In addition, he is subject to a 9 percent MTR for his state income tax. Assume that mortgage interest is deductible both on his federal and state income tax, and that ...
Tuesday, January 25, 2011 at 8:23pm by Anonymous

ACC 233-INCOME TAX
Tax Rates, latesha, a single taxpayer, had the following income and deductions for the year 2009. INCOME Salary $60,000 Business Income $25,000 Intrest income(bonds)$10,000 Tax-exempt bond interes $ 5,000 ________ TOTAL INCOME $100,000 DEDUCTIONS: Business Expenses $ 9,500 ...
Thursday, September 30, 2010 at 2:01pm by austin

math
3. The gross income of David Vaughn is $785 per week. His deductions are $42.25, FICA tax; $90.33, income tax; 2% state tax; 1% city tax; and 3% retirement fund. What is her net income for one week? A. $675.32 B. $628.77 [C. $605.32] D. $749.77
Tuesday, January 10, 2012 at 7:37pm by jake

tax income
When filing their tax returns, almost all individuals use the __________ method. A. accrual B. cash receipts and disbursements C. recognition D. accounting is it B
Friday, March 2, 2012 at 5:09pm by Billy

Income Tax - Accounting. Help Me Please.
Here are some tutorials to choose from: http://search.yahoo.com/search?fr=mcafee&p=Income+Tax+Tutorials Sra
Friday, October 1, 2010 at 1:56pm by SraJMcGin

Consumer math
1. The gross income of David Vaughn is $785 per week. His deductions are $42.25, FICA tax; $90.33, income tax; 2% state tax; 1% city tax; and 3% retirement fund. What is her net income for one week? A. $605.32 B. $749.77 C. $675.32 D. $628.77 A?
Wednesday, December 18, 2013 at 11:07am by Beatrice

Income tax / Accounting
Computation of taxable income: The following information for 2009 relates to Tom, a single taxpayer, age 18. Salary $1,800 Intrest income $1,600 Itemized deductions $ 600 A. Compute Tom's taxable income assuming he is self-supporting B. Compute Toms's taxable income assuming ...
Friday, October 1, 2010 at 1:53pm by austin

CIVICS!!!
Brie's dad said that a state income tax would help the financial crisis by balancing the budget. Which would be the most effective way for Brie's dad to contribute his ideas to a plan for balancing the state budget? A. He should send a letter to each county’s board of ...
Monday, January 20, 2014 at 2:26pm by Jasmine

Economics
Suppose that the Government runs a pension fund to which all workers must contribute. The employee contribution rate is 6.2 percent on the first $84,900 of income. All income in excess of $84,900 is not taxed for pension purposes. What was the effective pension tax rate for a ...
Thursday, March 8, 2007 at 2:29pm by Tisha

Economics
The marginal tax rate is defined as the extra taxes paid on additional income divided by the increase in income. Calculate the marginal tax rate for the proportional tax system as income rises from $50,000 to $100,000. Calculate the marginal tax rate as income rises from $100,...
Monday, November 13, 2006 at 1:30am by Sally

finance
Mary Watson is 24 years old and single, lives in an apartment, and has no dependents. Last year she earned $45,000 as a sales assistant for Focused Business Analytics: $3,910 of her wages was withheld for federal income taxes. In addition, she had interest income of $142. ...
Thursday, February 6, 2014 at 7:59pm by james

math
Since the tax rate will be independent of income, the revenue received will be proportional to the mean income (not the median). The product of mean income, flat tax rate and number of households will equal the tax revenue (if everyone pays).
Wednesday, August 5, 2009 at 10:20pm by drwls

Economics
The marginal tax rate is defined as the extra taxes paid on additional income divided by the increase in income. Calculate the marginal tax rate for the proportional tax system as income rises from $50,000 to $100,000. Calculate the marginal tax rate as income rises from $100,...
Tuesday, November 14, 2006 at 3:08pm by Sally

accounting
Your client is a nongovernmental not-for-profit museum that operates a gift shop. Explain the unrelated business income tax to your client and suggest ways to avoid this tax.
Wednesday, June 11, 2008 at 12:54am by tamara

mathematical app's
First, figure out his quarterly income from his yearly income. Just divide it by 4. Then multiply the quarterly income by each of the three tax percentages, to figure out how much tax he owes for each one. Then simply sum the 3 results to get the total tax for the quarter.
Saturday, February 13, 2010 at 12:52pm by Anonymous

accounting-income tax
What is your question?
Sunday, September 1, 2013 at 1:48am by Ms. Sue

ECONOMICS
Suppose you are a typical person in the U.S. economy. You pay 4 percent of your income in state income tax and 15.3 percent of your labor earnings in federal payroll taxes (employer and employee shares combined). You also pay federal income taxes as in Table 3. How much tax of...
Thursday, April 22, 2010 at 1:30pm by Anonymous

Air pollution analysis
What are the effect of the following on demand for gas/oil/highways/airpollution? 1. a 900 annual tax on vehicle that gets less than 20 mil/gallon 2. 2000 annual income tax credit for owners of hybrids 3. income tax surcharge that lowers disposabl income to reduce demand for ...
Saturday, November 4, 2006 at 7:22pm by Han

intermediate 111
Wilson Corporation began operations in January 2008, and purchased a machine for $20,000. Wilson uses straight-line depreciation over a four-year period for financial reporting purposes. For tax purposes, the deduction is 50% of cost in 2008, 30% in 2009, and 20% in 2010. ...
Wednesday, September 21, 2011 at 7:47pm by Jane

government(taxes)
I am looking for a list of California state taxes. So far this all I have: 1) Sales Tax 2) Trash tax 3) Electricity tax 4) State income tax 5) Gasoline tax 6) Property tax 7) Federal telephone excise tax 8) Excise tax 9) social security tax 10) environmental tax 11) gift tax ...
Sunday, August 3, 2008 at 9:39pm by lou

accounting
In 2007, Paul who is single has a comfortable salary from his job as well as income from his investment portfolio. However, he is habitually late in filing his federal income tax return. He did not file his 2007 income tax return until November 30, 2008 (due date was April 15...
Sunday, February 8, 2009 at 10:40pm by Mikki

tax accounting
bruce wilson won 2 million in the state lottery. the lottery pays out the prize money in 20 annual installments of 100,000 each. After receiving three 100,000 installments, bruce sold the remaining 1.7 million of payments for 1 million. He wants to report the 1 million as long...
Thursday, June 9, 2011 at 1:34am by will smithe

math
One of the advantages of borrowing is that interest is deductible for income tax purposes. a. If a company pays 8 percent interest to borrow $500,000, but is in an income tax bracket that requires it to pay 40 percent income tax, what is the actual net-of-tax interest cost ...
Tuesday, June 4, 2013 at 7:42pm by rennie

math
a income of 63000.00 his social security tax is 12.4%, medicare is 2.9% and his estimated federal income tax rate is 22%. how much quarterly estimated tax must his send to the irs for the quarter
Saturday, February 6, 2010 at 9:01pm by Anonymous

business
Most people pay federal income tax by: A. paying the total amount owed by April 15. B. filing quarterly tax payments. C. having amounts withheld from income. D. earning tax credits for various deductions. I chose d. But I am not sure
Wednesday, September 26, 2012 at 1:39pm by clara

accounting
Do you mean the State total deductions? You want to include SDI, unemployment tax plus what will go toward your State income tax? Please clarify. If you look at your weekly check you can determine this. Sra
Sunday, December 7, 2008 at 12:08am by SraJMcGin

accounting
Olympic Sports Wear estimates its Annual Federal Income tax as $10,000. It has paid the tax in four installments of $2,500 each. However, at the end of the year, the actual tax amount is $11,200. Therefore, the company needs to pay $1,200 to the government. Instruction: ...
Tuesday, July 10, 2012 at 11:16am by working hard

Global Economics
RedBall Productions is a new company based in Orem, Utah. RedBall supplies stock images of still photography. Utah's state corporate income tax consists of a flat tax rate of 5% on all corporate income. RedBall Production's taxable income in 2005 was $500,000. What amount of ...
Tuesday, October 22, 2013 at 8:12pm by Mak

Personal Finance
Do you mean the amount of taxes owed on one's taxable income? When an individual or a married couple starts filling out federal income tax papers each year, they start with income from all their different sources. Once all that is added up, it's called the gross income. After ...
Monday, August 22, 2011 at 6:50pm by Writeacher

income tax
Hamad is an employee of Mountain Company. He properly completed his Form 1040EZ tax return and was required to pay the IRS $1,244 at the time of filing. He had income tax withholding during the year of $4,782. His tax liability for the year was: A. $1,244. B. $3,538. C. $4,782...
Wednesday, February 29, 2012 at 7:37pm by Andy

Algebra 2
Income tax for some states is computed by taking 3% of the excess income over $3,000 plus 1% of the first $3,000. How much tax is charged on a income of $2,000?
Wednesday, January 24, 2007 at 5:12pm by Bryan

college accounting
For its fiscal year ending October 31, 2010, Molini Corporation reports the following partial data. Income before income taxes $540,000 Income tax expense (30% $390,000) 117,000 Income before extraordinary items 423,000 Extraordinary loss from flood 150,000 Net income $273,000...
Tuesday, October 6, 2009 at 10:55am by chris

Economics
What happens to the percentage of an income that is taxed when income rises and the tax is a proportional one? A. The percentage of tax falls. B. The percentage of tax rises. C. The percentage rises and then falls. D. The percentage of tax stays the same. I'm guessing the tax ...
Monday, June 4, 2012 at 9:28pm by Anonymous

accounting
how do you write a program for an accountant using java to calculate income tax?
Wednesday, February 16, 2011 at 7:58pm by Anonymous

Macroeconomic
1)An example of an automatic stabilizer is A. a temporary tax rebate. B. the progressive income tax. C. cost of living adjustments to social security payments. 2)Which of the following represent expansionary fiscal policy? A. an increase in average individual income tax rates ...
Wednesday, June 9, 2010 at 3:25pm by Jill

government (TAXES)
It varies from state to state and also with municipality but here are the main ones: Federal income tax State income tax Sales tax (state and local) (State/federal) gasoline tax (State/local) property tax Local utility taxes Estate tax (federal and state) at death, for estates...
Saturday, August 2, 2008 at 6:59pm by drwls

accounting
Phil Phoenix is paid monthly. For the month of January of the current year, he earned a total of $8,288. The FICA tax rate for social security is 6.2% and the FICA tax rate for Medicare is 1.45%. The FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%. Both unemployment taxes...
Sunday, April 28, 2013 at 11:43pm by ann

Determinants of Interest Rates
8%, if you ignore taxes. Tax rates on interest income depend upon income level, whether you are in the AMT category, and the type of fixed-income investment. Municipal bonds and money market funds that hold them are tax free in the USA.
Wednesday, October 20, 2010 at 2:17am by drwls

tax accounting
You might try some of the following sites on tax accounting tutorials: http://search.yahoo.com/search?fr=mcafee&p=tax+accounting+tutorial Sra
Thursday, June 9, 2011 at 1:34am by SraJMcGin

math
if the taxable income is 3,000..what is the federal income tax according to this chart, if income is over 0 but not over 23,350 the tax is 15percent of the amount over 0 besides the answer can you show me how you got the answer
Thursday, October 4, 2007 at 11:27am by laurie

tax
In which of the following situations would a taxpayer be better off to take the foreign taxes paid as an itemized deduction rather than as a foreign tax credit? A. The foreign tax paid was less than 10% of AGI B. The foreign tax paid was to a South American country C. The ...
Monday, April 2, 2012 at 4:26pm by Andy

income tax
How much approximately would I pay in income tax in canada on $500,000.00 on stock profit in one year. I will have no other expenses to declare
Sunday, January 8, 2012 at 3:44pm by al

Accounting
pierce co has a june 30 fiscal year end. it estimated its annual property taxes to be 24000 based on last year's property tax bill and have accrued 2000 of property tax each month to marcher 31. its actual property tax assessment, received on april 30 is 25200 for the calendar...
Wednesday, May 14, 2008 at 2:59pm by Luc

help please
People pay federal income tax on the money they earn. Usually the employer deducts a certain amount from each pay check and sends it to the government. But the newspaper doesn't do that, so Emilio must pay the tax himself when he files his federal income tax forms in April.
Sunday, October 2, 2011 at 5:31pm by Ms. Sue

Chemistry
Income tax for some states is computed by taking 3% of the excess income over $3,000 plus 1% of the first $3,000. How much tax is charged on a income of $12,000? 12,000 1 percent on first 3000 3 percent of (12,000 - 3000) I'm trying to figure the relationship between income ...
Thursday, January 25, 2007 at 8:29pm by Bryan

ACCOUNTING
Laurie is self-employed and expects to make $96,000 in 2007. Her social security tax rate is 12.4% up to the wage base, Medicare is 2.9%, and her estimated federal income tax rate is 25%. What is Laurie’s expected tax payment for the fourth quarter? A. $6,000.00 C. $8,667.60 B...
Friday, May 15, 2009 at 10:51pm by Anonymous

economics
income total spending $10,000 $10,000 20,000 18,000 50,000 35,000 100,000 60,000 If a sales tax of ten percent is levied on all purchases, calculate A. amoust of sales tax paid at each income level and B. the fraction f income paid in taxes at each income level Let X be pre-...
Monday, January 29, 2007 at 8:25pm by sheela

accounting
calculate taxable income for 2005: this is related informaton given for 2005: income statement: sales 41,100 cogs (23,725) GP 17375 SG&a (15,492) EBIT 1883 TAXES 25% Net income 1412 tax issues: all 2005 assets purchases were made on 9/27/05 no estimated tax payments have been ...
Saturday, November 17, 2007 at 8:53pm by tiaa

business math
How much tax must be sent to the IRS for the first quarter if the annual income is $63,000.00, Social Security is 12.4%, Medicare is 2.9% and federal income tax rate is 22%?
Thursday, January 6, 2011 at 12:09pm by lucie

Government
A progressive tax is a tax whose rate increases as the payers income increases? if individuals who earn high incomes have a greater proportion of their incomes taken to pay the tax? A regressive tax is one whose rate increases as the payers income decreases?
Tuesday, January 8, 2013 at 5:19pm by Ana

accounting
Income Statement Data: This year Last year Revenue $150,000 $120,000 Cost of Goods Sold $90,000 $60,000 Operating Income $10,000 $5,000 Income Tax Expense $1,800 $500 Based on a horizontal analysis of the data, which statement correctly identifies the company's performance ...
Thursday, January 10, 2013 at 5:27pm by Anonymous

accounts
The differences between the book basis and tax basis of the assets and liabilities of Castle Corporation at the end of 2008 are presented below.  It is estimated that the litigation liability will be settled in 2009. The difference in accounts receivable will result in ...
Saturday, August 25, 2012 at 6:39am by accounts

fundamentals of accounting 1
journalizing payroll transactions, for Keller Systems;Inc, paid cash for april's payroll tax liability. withheld taxes from april payrolls; employee income tax,$532.00; social security tax,$634.88; and medicare tax,$148.48. paid cash for semimonthly payroll. total earnings, $5...
Monday, October 14, 2013 at 9:42am by mel

Tax income
If you are doing federal income taxes, check a federal tax table using the data given. You should be able to find your answer there.
Friday, March 2, 2012 at 12:22am by MathGuru

income tax
The tax liability for a married couple with taxable income of $87,312 is: A. $18,068. B. $16,599. C. $14,081. D. $14,078.
Wednesday, February 29, 2012 at 7:22pm by Andy

Tax income
The tax liability for a married couple with taxable income of $87,312 is: A. $18,068. B. $16,599. C. $14,081. D. $14,078. is it D
Friday, March 2, 2012 at 12:22am by Billy

mathematical app's
having problem with question47. Darrell owns a consulting business and has an estimated annual income of $63,000. his social security tax is 12.4%, medicare is 2.9%, and his estimated federal income tax rate is 22%. how much quarterly estimated tax must darrell send to the irs...
Saturday, February 13, 2010 at 12:52pm by Diane

economics
According to the permanent income hypothesis, households will tend to react to a temporary tax cut by? A) assuming the new tax level will be permanent. B) saving most of the additional disposable income. C) increasing consumption sharply in response to the higher disposable ...
Thursday, October 3, 2013 at 8:31am by Tim

Accounting
I have the following items listed on a balance sheet and income statement: Balance Sheet: Cash Accounts Receivable Inventory Prepaid Expenses Equipment Accumulated Deprecation Accounts Payable Income Taxes Payable Dividends Payable Salaries Payable Interest Payable Notes ...
Thursday, November 11, 2010 at 7:21pm by Tjo05

Math
John earns $21.60/hr and 40 hours a week (full time). Income tax is 7.05%. What is John's net income for 1 year (subtracted from tax)?
Thursday, December 27, 2007 at 6:40pm by Eric

income tax
Jeanette owns a rental property that she used for 20 days and rented for 80 days. The rental income was $10,000 and expenses included the following; mortgage interest $2,500; property tax $1,500; insurance and repairs $1,000 and depreciation $2,000. Calculate net rental income...
Thursday, February 23, 2012 at 3:56pm by shelli

income tax
Jeanette owns a rental property that she used for 20 days and rented for 80 days. The rental income was $10,000 and expenses included the following; mortgage interest $2,500; property tax $1,500; insurance and repairs $1,000 and depreciation $2,000. Calculate net rental income...
Thursday, October 25, 2012 at 4:48pm by shelli

Math
match the word with the definition: (A)Personal exemptions (B)Adjustments (C)Tax credits (D)Itemized deductions (1) The amount you may be able to deduct from your adjested gross income based on how you spent your money during the year. (2) A set amount subracted from your ...
Thursday, December 10, 2009 at 12:11am by Matt

Math
For a class C corporation in Louisiana, the amount of state income tax S is deductible on the federal return and the amount of federal income tax F is deductible on the state return. With $200,000 taxable income and a 30% federal tax rate, the federal tax is 0.30(200,000 - S...
Wednesday, October 17, 2012 at 8:55pm by Q

math
I really need help please Your primary job’s gross income is $3,500.00/month, and your second job’s realized income is $368.49/month. Deductions are FICA (7.65%), federal tax withholding (10.75%), and state tax withholding (8.35%). How much is the income on your monthly budget?
Tuesday, March 20, 2012 at 1:06pm by Cindy

consumer math
I really need help please Your primary job’s gross income is $3,500.00/month, and your second job’s realized income is $368.49/month. Deductions are FICA (7.65%), federal tax withholding (10.75%), and state tax withholding (8.35%). How much is the income on your monthly budget?
Monday, March 19, 2012 at 7:47pm by Cindy

income tax
can someone please help me with this assignment? I dont know what to do Jeanette owns a rental property that she used for 20 days and rented for 80 days. The rental income was $10,000 and expenses included the following; mortgage interest $2,500; property tax $1,500; insurance...
Thursday, March 22, 2012 at 1:13pm by Andy

ACCOUNTING- 2
HELP HERE IS WHOLE PROBLEM.IT NEEDS TO BE JOURNALIZED PROPERLY. mAY 15-fILED THE FEDERAL INCOME TAX RETURN FOR 2009. THE TOTAL TAX FOR THE YEAR WAS 124,000. DURING 2009, QUARTERLY DEPOSITS OF ESTIMATED TAX TOTALING 122,700 ;HAD BEN MADE. THE ADDITIONAL TAX OF 1,300 WAS PAID ...
Tuesday, June 28, 2011 at 6:05pm by DOROTHY

taxes
Yes, you need to file a 2010 tax form to claim a refund of withheld tax, or an earned income tax credit.
Tuesday, January 11, 2011 at 4:46am by drwls

Math
match the word with the definition: (A)Personal exemptions (B)Adjustments (C)Tax credits (D)Itemized deductions (1) The amount you may be able to deduct from your adjusted gross income based on how you spent your money during the year. (2) A set amount subracted from your ...
Thursday, December 10, 2009 at 11:39am by Matt

accounting
MS SUE HELP HERE IS WHOLE PROBLEM.IT NEEDS TO BE JOURNALIZED PROPERLY. mAY 15-fILED THE FEDERAL INCOME TAX RETURN FOR 2009. THE TOTAL TAX FOR THE YEAR WAS 124,000. DURING 2009, QUARTERLY DEPOSITS OF ESTIMATED TAX TOTALING 122,700 ;HAD BEN MADE. THE ADDITIONAL TAX OF 1,300 WAS ...
Tuesday, June 28, 2011 at 3:37pm by DOROTHY

accounting
18. Balance sheet and income statement data indicate the following: Bonds payable, 6% (issued 2000, due 2020) $1,200,000 Preferred 8% stock, $100 par (no change during the year) 200,000 Common stock, $50 par (no change during the year) 1,000,000 Income before income tax for ...
Tuesday, October 2, 2012 at 10:52am by shannon

income tax
In which of the following situations would a taxpayer be better off to take the foreign taxes paid as an itemized deduction rather than as a foreign tax credit? A. The foreign tax paid was less than 10% of AGI B. The foreign tax paid was to a South American country C. The ...
Wednesday, April 4, 2012 at 3:33pm by Andy

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