Ch 4 Text Version Solutions
26. [LO 1] Jeremy earned $100,000 in salary and $6,000 in interest income during the year.
Jeremy has two qualifying dependent children who live with him. He qualifies to file as head of
household and has $17,000 in itemized de
Ch 5 Text Version Solutions
[LO 1] Louis files as a single taxpayer. In April of this year he received a $900 refund of state
income taxes that he paid last year. How much of the refund, if any, must Louis include in gross
income under the following i
Candidate Name: Riquetta Brown
Internship Position: Spring 2016 Accounting Internship
College: Fayetteville State University
1. Tell us briefly, what is your interest in this position and with Make-A-Wish? I am interested in th
ACCT 425-01 Fraud Analysis
Profits Down the Drain
Dennis Jones, an old college friend, contacted you last week. Dennis owns several car washes,
and he believes that financial statement fraud may be occurring.
Ch 3 Text Version Solutions
38.[LO2, LO3 PLANNING] Isabel, a calendar-year taxpayer, uses the cash method of
accounting for her sole proprietorship. In late December she received a $20,000 bill from her
accountant for consulting services related to her sm
Ch 6 Text Version Solutions
[LO 1] Clem is married and is a skilled carpenter. Clems wife, Wanda, works part-time as
a substitute grade school teacher. Determine the amount of Clems expenses that are
deductible for AGI this year (if any) under the fol
Chapter 04. Individual Tax
1 Jan is single. In 2014, she had a salary of $250,000.
After taking into account all deduction limits and phase-outs,
her exemption and itemized deductions amounted to a total of $30,000.
She also received $10,000 of interest o