Ask a New Question
Search
Questions and answers by
Cher
Questions (84)
what is considered taxable interest
1 answer
9 views
what is considered tax exempt interest
1 answer
11 views
what document is to be issued to independent contractors
1 answer
12 views
Which taxpayer may file as head of household? (If the scenario states the dependent is a qualifying child or qualifying
1 answer
21 views
Charlotte (53) is unmarried and pays 75% of the cost of maintaining a home for her father, Arlo (79), who had no taxable income
1 answer
15 views
In 2023, Karl (28) lived with his daughter, Ava (4), his fiancée, Linda (30), and his sister, Alicia (18), for the entire year.
1 answer
16 views
Audrey has a bank account at Lending Bank. She received Form 1099-INT, Interest Income, shown below. She has no other interest
1 answer
11 views
Which of the following is a requirement for a full-year U.S. resident with an adjusted gross income under $150,000 to pay
1 answer
29 views
Helen expects to have a tax liability of $9,000. She will have $6,000 withheld from her wages, and she knows that she will not
1 answer
17 views
what is form 2210
1 answer
11 views
what is form 1040-ES
1 answer
9 views
What is State Disability Insurance (SDI)?
1 answer
7 views
Brody and Bella married in 2023. They filed a joint return for the year, but the IRS offset their refund because Brody owes
1 answer
27 views
All of the following are deductible rental expenses, EXCEPT:
Cleaning of common areas. Real estate taxes. Repairing, but not
1 answer
27 views
Clarissa owns a rental house. Her current tenant, Corey, signed a two-year lease and moved into the house in January 2023. At
1 answer
72 views
Jesse is the landlord of a single-family home, which he leased to Carlos in February 2023. Prior to moving in, Carlos paid
1 answer
17 views
what is considered gross rental income
1 answer
8 views
Dolores owns a condominium that she rented all year. She paid $300 to plaster a hole in the living room drywall, purchased paint
1 answer
13 views
Which of the following statements is TRUE regarding travel and transportation expenses related to rental property?
Only the
1 answer
10 views
Vacation home rules apply to which of the following taxpayers?
Amber rented her beach house to tenants for 210 days during the
1 answer
12 views
what are the vacation home rules
1 answer
10 views
what tax forms are used to deduct mortgage interest, real estate taxes and insurance paid for rental property
1 answer
9 views
section 179 deductions
1 answer
10 views
Special limitations apply to the amount of depreciation that can be claimed for passenger vehicles. What is the maximum amount
1 answer
9 views
What is the maximum amount of depreciation for a vehicle placed in service in 2023, with no bonus depreciation claimed?
1 answer
7 views
what is the percentage for a special bonus depreciation allowance
1 answer
11 views
is the cost of a building depreciable
1 answer
8 views
Which taxpayer has property that is depreciable?
Connie owns a townhouse and rents it out to tenants. Enzo purchased a lot of
1 answer
12 views
what is considered depreciable property
1 answer
8 views
Trayvon is a general partner in a partnership; his share of ordinary income was reported in box 14 of Schedule K-1. Which of the
1 answer
50 views
Willow had the following business expenses for Tax Year 2023:
Entertainment, $2,330 Meals while traveling for business and
1 answer
19 views
is entertainment considered business expenses
1 answer
7 views
Harlow is a sole proprietor. He operates a sporting goods store. His gross revenue is $99,000 for Tax Year 2023. Harlow would
1 answer
18 views
The self-employment tax rate is 15.3%. What is included in self-employment tax?
FUTA and SUTA tax on net income from
1 answer
27 views
Tina incurred $4,000 in actual expenses to operate the vehicle she uses in her consulting business. During Tax Year 2023, Tina
1 answer
13 views
Angel is self-employed. During the tax year, he had the following income and expenses:
Gross receipts, $90,500 Advertising,
1 answer
50 views
Samuel is a self-employed vehicle mechanic. Ivy is a professional dog sitter. Both are members of a barter club. They agreed to
1 answer
15 views
Sage inherited a gold necklace from her grandfather. The original cost of the necklace was $4,000 and the fair market value when
1 answer
29 views
what are considered capital assets
1 answer
11 views
Yolanda purchased a home for $650,000. She added a swimming pool at a cost of $25,000 and a patio deck for $8,000. What is her
1 answer
37 views
Frank is filing single. He purchased 200 shares of BTL stock in 2019. He sold the shares for a net gain of $4,000 in 2023.
1 answer
24 views
n 2023, using a cryptocurrency platform, Karl sold Bitcoin that he held as a capital asset, as an individual. How will this sale
1 answer
10 views
Which of the following is used to calculate the tax due when a taxpayer's only investment income is from capital gain
1 answer
14 views
Amir and Amani are married and will file a joint return. They purchased their first home in 2017. The home served as their
1 answer
12 views
If a taxpayer claiming the American Opportunity Tax Credit has their tax liability reduced to zero, what is the maximum amount
1 answer
16 views
what is the maximum amount Marcel can claim for the American Opportunity Tax Credit?
1 answer
11 views
Desiree is single. She purchased a new clean energy vehicle on August 15, 2023. The manufacturer suggested retail price (MSRP)
1 answer
9 views
Qualified health insurance through the Health Insurance Marketplace would be reported to the taxpayer on which form(s)?
Form
1 answer
10 views
The Premium Tax Credit is a credit that helps pay the cost of health care coverage through the Health Insurance Marketplace. All
1 answer
11 views
What is true about the Premium Tax Credit
1 answer
11 views
What is not true about the Premium Tax Credit?
1 answer
10 views
Leon was reimbursed in 2023 by his insurance company for a medical expense that he had previously deducted on his 2022 Schedule
1 answer
16 views
Which of the following statements is CORRECT regarding the married filing separately filing status?
When a couple decides to file
1 answer
12 views
Houtan drove his car 400 miles in 2023 to perform volunteer work. He did not keep records of the actual cost for gas or oil. How
1 answer
14 views
In 2020, Niesha purchased her principal residence for $450,000. On January 15, 2023, when she owed $380,000 on the original
1 answer
30 views
In 2023, Zoey incurred $2,500 in unreimbursed employee business expenses (none of the expenses are impairment-related). Her
1 answer
14 views
Terry donated a car to a qualified charitable organization. She purchased the car in 2014 for $27,500. The fair market value of
1 answer
19 views
Ross is single. He purchased a new main home in March of 2017 for $900,000. Ross will be itemizing his deductions. On what
1 answer
15 views
Paula purchased a home with her husband, Lincoln, in January of 2022 for $700,000. In June of 2022, Paula and Lincoln separated.
1 answer
13 views
Caleb and his wife were legally divorced in 2021. After the divorce, Caleb retained physical custody of their son. Caleb
1 answer
12 views
Peter and Kay are married and will file a joint return. Peter was unemployed for six months during 2023. They brought in the
1 answer
12 views
Tiffany and her husband were legally divorced in 2017. After the divorce, Tiffany retained physical custody of their children.
1 answer
13 views
what is taxable alimony?
1 answer
9 views
Four more than twice a number is AT MOST 14. Find the largest possible answer that makes this true.
1 answer
460 views
If a van is traveling at 25mph and needs to stop immediately, how much time and distance will be needed?
0 answers
344 views
Hafers, an electrical supply company, sold $3,800 of equipment to Jim Coates Wiring, Inc. Coates signed a promissory note May 12
0 answers
600 views
An electric hoist lifted a load with a mass of 250kg to a height of 80m in 39s , Calculate
1 answer
929 views
The sentence "P → Q" is read as (3)
P or Q P and Q If P then Q Q if and only P 2. In the truth table for an invalid argument,
3 answers
946 views
For sound waves in room-temperature air, is it possible to change the wavelength of a sound without changing the frequency?
1 answer
630 views
Your sonic range finder measures the distance to a nearby building at 20m. The range finder is calibrated for sound traveling
1 answer
704 views
A mass on a spring bobs up and down over a distance of 30cm from the top to the bottom of its path twice each second. What are
1 answer
983 views
If an 80-kg sprinter can accelerate from a standing start to a speed of 10 m/s in 3 s, what average power is generated?
1 answer
745 views
Find X if B is the midpoint of AC, AB=18 and AC=10x-4
2 answers
1,029 views
I need to find the ROI and NPV of a $35,000 software installation, which will reduce staff of one at $10 per hour +18% benefits.
0 answers
435 views
Consider the following reaction:
PbCl2 + 2 NaOH -> Pb(OH)2 + 2 NaCl What would be the major species observed floating in solution
1 answer
1,765 views
What collection of spells were buried with the mummies?
7 answers
983 views
What numbers under 100 look the same when viewed upside down? I know of 0,1,8,and 11.
2 answers
713 views
Prepare an income statement
cash 16050.00 accounts receivable 1500.00 office supplies 1200.00 office equipment 18250.00 accounts
0 answers
562 views
how would you explain the redeeming value of sexual appeals in advertising?
if sexual appeals are considered okay by the targeted
0 answers
1,150 views
what do you think the advantages and disadvantages are to commision system of payment over the fee or incentive system? I need
0 answers
453 views
complete the following table (use one or a few well-chosen words)
1. Kinds of distribution facility(ies) needed and functions
0 answers
542 views
I need some help determining the strengths and weaknesses of these brand names.....
Girl Scout’s – Cookies- Their strength in
0 answers
542 views
consumer services tend to be intangible, and goods tend to be tangible. Can you give me an example to explain how the lack of a
0 answers
1,381 views
I need some help determining the strengths and weaknesses of these brand names.....
Girl Scout’s – Cookies- Their strength in
0 answers
727 views
