ACC 401 ASSIST Great Stories /acc401assist.com

1
ACC 401 ASSIST Great Stories /acc401assist.com
2
ACC 401 ASSIST Great Stories /acc401assist.com
ACC 401 Entire Course FOR MORE CLASSES VISIT
www.acc401assist.com   ACC 401 Week 1 Assignment
Chapter 2 Problems 32, 33 38 ACC 401 Week 1
Quiz ACC 401 Week 1 Quiz Set 2
3
ACC 401 ASSIST Great Stories /acc401assist.com
ACC 401 Week 1 Assignment Chapter 2 Problems 32,
33 38 (UOP) FOR MORE CLASSES VISIT
www.acc401assist.com   32) List the five types
of filing status and briefly explain the
requirements for the use of each one. 33) In
which of the following cases may the taxpayer
claim head of household filing status? a. The
taxpayer is single and maintains a household
which is the principal place of abode of her
infant son. b. The taxpayer is single and
maintains a household for herself and maintains a
separate household which is
4
ACC 401 ASSIST Great Stories /acc401assist.com
ACC 401 Week 1 DQ 1 Basic Concepts FOR MORE
CLASSES VISIT www.acc401assist.com   From
Chapter 1, complete discussion questions 6, 9,
10. From Chapter 2, complete discussion questions
3, 6, 9, 10. Review Appendix E (2014 IRS Tax
Forms) to see where dependents are shown on the
tax return. Remember to complete all parts of the
problems and report the results of your analysis.
Do not forget to show the necessary steps and
explain how you attained that outcome.
5
ACC 401 ASSIST Great Stories /acc401assist.com
ACC 401 Week 1 DQ 2 Gross Income FOR MORE
CLASSES VISIT www.acc401assist.com   From
Chapter 3, answer discussion questions 1, 2, 3,
10, 12, 15. Remember to complete all parts of
the problems and report the results of your
analysis. Do not forget to show the necessary
steps and explain how you attained that outcome.
6
ACC 401 ASSIST Great Stories /acc401assist.com
ACC 401 Week 1 Quiz (UOP) FOR MORE CLASSES VISIT
www.acc401assist.com   QUIZ 1 1) Under the
cash receipts and disbursements method, the
taxpayer reports income in the year 2)
What item should not be included in income? 3)
Which of the following statements is true
with respect to marginal and average tax rates?
7
ACC 401 ASSIST Great Stories /acc401assist.com
ACC 401 Week 1 Quiz Set 2 FOR MORE CLASSES VISIT
www.acc401assist.com   1. Question What is the
amount of the social security wage limitation for
2014? 2. Question With respect to the income
tax formula, which of the following statements
is 3. Question To be a qualifying child, the
taxpayermust meet three general tests and
five specific tests. Which one is not part of the
five specific tests?
8
ACC 401 ASSIST Great Stories /acc401assist.com
ACC 401 Week 2 Assignment Chapter 4 problem 53
and problem 55 (UOP) FOR MORE CLASSES VISIT
www.acc401assist.com   53. Under the terms of a
divorce decree executed May 1, 2008, Rob
transferred a house worth 650,000 to his
ex-wife, Linda, and was to make alimony payments
of 3,000 per month. The property has a tax basis
to Rob of 300,000. a. How much of this must be
reported on Lindas tax return?
9
ACC 401 ASSIST Great Stories /acc401assist.com
ACC 401 Week 2 DQ 1 Adjusted Gross Income FOR
MORE CLASSES VISIT www.acc401assist.com   38.
What are some of the limitations concerning
deductibility of student loan interest? Be
specific and comprehensive 43. How much, if any,
may Antonio take as a moving expense deduction on
his 2014 tax return? Is that deduction subject to
any conditions that could change its
deductibility in the future? 47. Three types of
payments are associated with a decree of
separation or a divorce.
10
ACC 401 ASSIST Great Stories /acc401assist.com
ACC 401 Week 2 DQ 2 Itemized Deductions FOR MORE
CLASSES VISIT www.acc401assist.com   Ch5. 48.
Mickey is a 12-year-old dialysis patient. Three
times a week he and his mother, Sue, drive 20
miles one way to Mickeys dialysis clinic. On the
way home they go 10 miles out of their way to
stop at Mickeys favorite restaurant. Their total
round trip is 50 miles per day. How many of those
miles, if any, can Sue use to calculate
11
ACC 401 ASSIST Great Stories /acc401assist.com
  ACC 401 Week 2 Quiz (UOP) FOR MORE CLASSES
VISIT www.acc401assist.com   QUIZ 2 1) Henry
graduated from university of Maryland in 2006, in
2009, to take advantage of lower interest rates,
he refinanced his qualified education loans with
another loan. He is not a dependent on another
persons tax return. What is the maximum
deduction available to him for the 3,200 he paid
for educational loan interest in 2009?
12
ACC 401 ASSIST Great Stories /acc401assist.com
ACC 401 Week 3 Assignment Chapter 6 (UOP) FOR
MORE CLASSES VISIT www.acc401assist.com   39.
David is a college professor who does some
consulting work on the side. He uses 25 of his
home exclusively for the consulting practice. He
is single and 63 years old. His AGI (without
consideration of consulting income) is 45,000.
Other information follows
13
ACC 401 ASSIST Great Stories /acc401assist.com
ACC 401 Week 3 DQ 1 Self-Employed Business Income
Capital Gains FOR MORE CLASSES VISIT
www.acc401assist.com   Ch6. 1. Discuss the
definition of trade or business. Why does it
matter whether a taxpayer is classified as an
employee or as self-employed? 2. Discuss the
concepts of ordinary, necessary, and reasonable
in relation to trade or business expenses. 9.
Discuss the concept of electing 179 expense.
Does the election allow a larger expense
deduction in the year of asset acquisition?
14
ACC 401 ASSIST Great Stories /acc401assist.com
ACC 401 Week 3 DQ 2 Rental Property
Royalties FOR MORE CLASSES VISIT
www.acc401assist.com   Ch8. 33. Ramone is a tax
attorney and he also owns an office building that
he rents for 8,500 /month. He is responsible for
paying all taxes and expenses relating to the
buildings operation and maintenance. Is Ramone
engaged in the trade or business of renting real
estate?
15
ACC 401 ASSIST Great Stories /acc401assist.com
ACC 401 Week 3 Quiz (UOP) FOR MORE CLASSES VISIT
www.acc401assist.com   QUIZ 3 1) Which one of
the following is Section 1231 property? 2) Which
of the following expense items is (are)
deductible as rental expense? 3) If an activity
is considered a hobby, which of the following is
true?
16
ACC 401 ASSIST Great Stories /acc401assist.com
ACC 401 Week 4 Assignment Chapter 9, Problem 42
problem 49 (UOP) FOR MORE CLASSES VISIT
www.acc401assist.com   42. Tim and Martha paid
7,900 in qualified employment-related expenses
for their three young children who live with them
in their household. Martha received 1,800 of
dependent care assistance from her employer,
which was properly excluded from gross income.
The couple had 57,000 of AGI earned equally by
Tim and
17
ACC 401 ASSIST Great Stories /acc401assist.com
ACC 401 Week 4 DQ 1 Tax Credits and Payroll
Taxes FOR MORE CLASSES VISIT www.acc401assist.com
  From Chapter 9, complete questions 3 and 7,
and problem 43. From Chapter 10, complete
question 1 and question 7. Remember to complete
all parts of the problems and report the results
of your analysis. Do not forget to show the
necessary steps and explain how you attained that
outcome. Respond to at least two of your
classmates' postings.
18
ACC 401 ASSIST Great Stories /acc401assist.com
ACC 401 Week 4 DQ 2 Payroll Taxes and Retirement
Plans FOR MORE CLASSES VISIT www.acc401assist.com
  From Chapter 10, complete questions 12 and 13.
From Chapter 11, complete question 5, question
15, and question 19. Remember to complete all
parts of the problems and report the results of
your analysis. Do not forget to show the
necessary steps and explain how you attained that
outcome.
19
ACC 401 ASSIST Great Stories /acc401assist.com
ACC 401 Week 5 DQ 1 Partnership Taxation FOR MORE
CLASSES VISIT www.acc401assist.com   Chapter 14,
problems 1, 3, 12, and 15. 1. Discuss the
formation of a partnership. Is any gain or loss
recognized? Explain. 3. How do taxation for
the corporate form and taxation for the
partnership form differ?
20
ACC 401 ASSIST Great Stories /acc401assist.com
ACC 401 Week 5 DQ 2 Corporate taxation FOR MORE
CLASSES VISIT www.acc401assist.com   Chapter 15,
problems 4, 6, 14 and 16. 4.Explain the 80 rule
as it pertains to the formation of a
corporation. 6.An individual contributes property
with a fair market value in excess of basis to a
corporation in exchange for stock. What is the
basis of the stock in the hands of the
shareholder, and what is the basis of the
property contributed in the hands of the
corporation?
21
ACC 401 ASSIST Great Stories /acc401assist.com
ACC 401 Week 5 Final Paper Assignment (UOP) FOR
MORE CLASSES VISIT www.acc401assist.com   QAppen
dix A Please use this information for your Tax
Return and Paper. All people, businesses, and
information are fictional. Any relation to an
actual person or business is accidental. Harold
Petersan
22
ACC 401 ASSIST Great Stories /acc401assist.com