Department of the Treasury - Internal Revenue Service
1040 U.S. Individual Income Tax Return 2015
For the year Jan. 1-Dec. 31, 2015, or other tax year beginning
Your first name and initial
OMB No. 1545-0074
, 2015, ending
IRS Use Only-Do not wri
What is the taxpayers gross income in each of the following situations?
a. Darrin received a salary of $50,000 in 2016 from his employer, Green construction.
Gross income is $50,000
b. In July 2016, Green gave Darrin an all-expense-paid trip to Las Ve
AC 321 Chapter Two Homework
1. Stone Company, maker of computers, incurred the following costs during the year:
Required: Classify each cost as either fixed or variable cost.
Salary of the factory supervisor
ABC plans to sell 10,000 electronic devices at $60 each in the coming year. Unit variable cost is $35 and
total fixed cost equals $80,000.
A.) Calculate the break-even in ballet shoes.
B.) Calculate the break-even in sales dollars.
Cost Accounting Chapter 5 Homework
ABC Company produces dvd players. One of its plants produces two versions of dvd players: a basic model
and a premium model. At the beginning of the year, the following data were prepared for the plant:
You are a systems manager for a large company. In your work, you have
found that about 5% of all CDs you order are bad. You needs to give one of
the executives at your company 5 good CDs. Conduct a simulation to
estimate how many CDs you will have to chec
25. A taxpayer, age 64, purchases an annuity from an insurance company for $50,000. She is to receive
$300 per month for life. Her life expectancy is 20.8 years from the annuity starting date. Assuming that
she receives $3,600 this year, what is the exclu
On Thursday, Justin flies from Baltimore (his home office) to Cadiz (Spain). He conducts business on
Friday and Tuesday; vacations on Saturday, Sunday, and Monday (a legal holiday in Spain); and returns to
Baltimore on Thursday. Justin was scheduled t
Cost Accounting Chapter 4 Homework
1. At the beginning of the year ABC Corporation estimated the following (totals are for an entire year):
Direct labor hours