{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Chapter 8.2 with Solutions

Chapter 8.2 with Solutions - Burkett — Tax I Chapter 8...

Info iconThis preview shows pages 1–9. Sign up to view the full content.

View Full Document Right Arrow Icon
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Background image of page 2
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Background image of page 4
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Background image of page 6
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Background image of page 8
Background image of page 9
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Burkett — Tax I - Chapter 8 Problem 28, pg 8 — 34 28. Determine Whether each of the following individuals can be claimed as a dependent in the current year. Assume that any tests not mentioned have been satisfied. a. Nico is 20 and a full- time college student who receives a scholarship for $11, 000. Tuition, books, and fees total $15, 000. His father gives him an additional $6, 000 to pay for room and board and other living expenses. (9 M- La?“ must pass fivgtests: agnon-support, relationship, principal res1dence, and eltlzenshlp Qualifyimgélative must also pass five tests: gross income, support, relations 1 citizenship and joint-ret r11 3 9 N8 CF)<‘) (D i‘ 0%» $110909? (\S\<-HIL)/ slit-.1 (-K :WOQ‘ 7'“ DlN ENClU’c’iD 31+3LAQSHT— /Ps m 519909? .52; CPL/LN— GRIN} b. Lawrence pays $7,800 of his mother‘s living expenses. His mother receives $3,500 in Social Security benefits and $4,100 from a qualified employer retirement program, all of which is spent on her support. QualifyingQ/rld must pass five tests: age, non—support, relationship, principal r idence, and citizenship Qualifying relative 111 also passz/e; fiv ests: grosgncome,@ support, re lOIlS 1p, citizen 1p, and Join —return (9 CbQOSWMéaM-é Li 00m J, 3 \0‘0 @SuRPoe‘i 1 014m €2K+33sz.(\¢\— 9‘2 —% # (Slum Elects-VHF. Burkett — Tax I - Chapter 8 Itemized Deduction 201 ;\Medical Expenses UN air/gem GmQSéQ Prescriptions $ 650 Over the counter meds r250“ 3515:1555 W32 \q 3; I New: 1°“? Medical insurance 3,600 Doctors & hospitals 2,500 Glasses 450 Face lift - Cosmetic -3,%00- ‘ _ ‘7 30m AGI ' $90,000 X???) (Cp‘i§0> Nat We: figfl—r Burkett — Tax I - Chapter 8 2011 Itemized Deduction for Taxes Paid Sales tax per table Sales tax on auto purchase Total sales tax State Income tax withheld State estimated taxes For 2010 on 01/15/11 For 2011 on 04/15/11 For 2011 on 06/15/11 For 2011 on 09/15/11 For 2011 on 01/15/12 Due with State return For 2011 on 04/15/112 Refund for 2010 reed 06/15/11 State I. Tax Total > of Sales or S Inc tax Federal Income Tax Real estate taxes For 2010 on 01/15/11 For 2011 on 12/15/1619 Auto taxes for 2011 on 07/15/11 $4,500 300 “+8270 3,500 1,400 900 350 Auto license fee for 2011 on 07/15/11 '40—'- @6257? What could have been done to accelerate deduction(s) into 2011? L9 enema Pena L-esT‘ as? m. at )-i © if: Lea-10 As aswmamb‘mx 5)qu w STAVE gem/aw “$5 @953 m. at n A LSD :Qmwou—muog 9 an Uimfl 72H bxnwz “cmNV 32593 «5.582: RU [331 gm: 9585 33.35 @ [33+ Em: was” 3&8 5.3-33 emu m A 2:83 «3.52: 0a.? NWQKLINWXU "cm—4 Dal _ cachm . 393m «manuazm 3 $235 Ema—WE eccnm A52: M86 :25 03:95am 3 :«3 figvo 05cm 92m 53%“: M253 ammuwa 0:8: 8.?— :o 529 :oEmEcné 92m Mggfiz Mafia cmbfin 3:033“ 3395.5 :0 5% :cEmmzwofl emN.N :Sr omcen now 5.20 3—330 cam; m 5.30 #630 ”EH—35¢“ ”3:35 323:“ he was: of 2:2— ?a2 a. onM Ram 3235 .Sm :cwoscon EMMESH w 5330 - ~ ME. I tuxhsm Jam. mu? Gwawcfiki 0.0 W11 My $84U EU .v. awkw \2 $3.; 5.5 E gmm a MHZ .fi 355 9 Eimu\ 000.5 unmmmn M. WNW/V Mm. @MNVWWM GNU 0.0;) x M 353% M3 223 ® 653 wgw7900p15 H. Murx @ + flfimNivr J Gay 9 Arafi@ 3N9 @ mafia; M3 Em ® BEA @Vrm, @vrnm VQM Jami MfaM @nud .5 ‘4 . 3qu MJMM M R 1mm . JFH V60“ 9 av ULJ O Q filo? “#me .fiém .0 UR: Mb? V6.7 d5, ¢M¢U 3% 33% 333% g 6% GE is 8.5 53 RE mung 93 05 ~95 mwfiiwm M3 .52: “3:53.: 8 EFF was NSN E MPH: $2 a “3&3 3.? .gmN m_ MEL: 3% Mam mm :3. Sea #2:. 6mm a. he was: 9:“ M93 mo Em a at? gunmen UUHAV “53 was :33 E Mam mo 3cm 5 mafia—EEO“. oEEEnfi “ENE 2:. Q «atom 3:“: 2335530 oEnfiEAU E :33:qu commie: m BEES - H Ed. I :oxSm OWQVAfi do. I/nwz bomxmyn of? m ,r will; finnoo 05 Dew: P3 mafia P60 ANHM, ‘wWA/Pnnuq é SUV 60 3:38-? a. 83:; 8 RE :2. ””35 m. .. J, 9 @ dedkw M59 «fig/6+ ”ANA,” 1}ow VA JgOJnmiU J45TNH 35 .256; he :2 E 2 a. 3 8m.“ 5:339 a 95: $2.3 2: B ”a a $35355 EEO Mae 230 w Hugh—EU - H xfl. l flew—Sm NU® mill. 1140.037 Pa #30 WPMwWGE, NU _ 23$ :2 a. 83% 29: 3mg :2; 22.3 35ka 0 [ram LE7. H. a. j: N wmmuoho ESE-mama: H £25 2: 5 «Es 2: a: B: on 43 .5 0.2% ~35 2: mam: BE 3355 SEE: 3132.. n Ea Shaw .3 54 533% a. a»? E bEE «a B a. m 535355 5.20 E? 2:85 62:3! w EEEU - H x8; I wow—Em 00197? A. Gnoofiwfiv» dmann 79: 32.6mm 9—95 HU< % mom-“Em“ 90:55 3:95 355 / [final DNmL % NvfiN V» H... WWW, xv WWW/av .I (mm x... as. , x . .. .mm W .: q... M. .XLU 3:956 000.0 2&336 N. $5 9 O 0000 A MA» nw moms—onwa— 35—.sz wDHUQQU £3538 9:3 3E9 wag—«=5 .3 :23 58.2% .3 54 a. 89S» ,2 .52: see—Eu 2020?. N E 2.23 swim mm _. aewfi=afiov 5.20 man. «.30 E39539 um. EEO w 5320 - H 53 I 3835 xll/l/x EQWVEEOW. fl... wféflgng 4/0, HQU :52 3: : 3:55 2: E «“539 a: 22:5 MU? Ufihf w 1:0 afiem Emmy ffivwfiffi ddfifiWumJ OM.\n.N LW: orwfiN .n dow\v,37io® VA Dowf psowfifig . Oman. . GO WW 0 ‘ owmhm n . .3; yummy... aficaflflaé v GEN. u. . flay/{n 4w“? affidasflué .0 586% \ c2939 - 54: - z N :35 ".3355 u 22 E SE...“ Bahia. 3:: :55. 9 ~04 mfim a. ma 3:35 53 Egaaofigm— .323 Susan“ .8.“ 332:3 .52 25 um 95% :5 fiflmofiomsce mm 3—.“ 295 3ch 55:5. 35653395.. SE .33 mo :3 E 925% 356ng owe—=5 he .39» 5E .5: 5%»:— 6:.“ hoamofioflgw WEEK 2: wig—6 owe—.8 mo 53% 5.58 .5: wane—mica SHE-Wm .339 55:: comm—«:5 .3 95.35) 3:2: a: JEN mo :fi magi—Q 53% 5E fl: 5 fl mesh. .23 @556 owe—=5 HEB“: of» “333m 9% v.05. £96.39 95 9:2— toq bwom HE: 55% £35 5Q 3:23.35 w 5520 - H Ed. I Maugham ...
View Full Document

{[ snackBarMessage ]}