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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 ACC 401 Week 1 DQ
2 Gross Income ACC 401 Week 2 Assignment Chapter
4 problem 53 and problem 55
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ACC 401 ASSIST The power of possibility/acc401ass
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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.
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ACC 401 ASSIST The power of possibility/acc401ass
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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.
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ACC 401 ASSIST The power of possibility/acc401ass
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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.
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ACC 401 ASSIST The power of possibility/acc401ass
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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?
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ACC 401 ASSIST The power of possibility/acc401ass
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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? 4. Question Which of the
following would disqualify a taxpayer from filing
a Form 1040EZ?
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ACC 401 ASSIST The power of possibility/acc401ass
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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? b. Of that
amount, how much is taxable gain or loss that
Linda must recognize related to the transfer of
the house?
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ACC 401 ASSIST The power of possibility/acc401ass
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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?
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ACC 401 ASSIST The power of possibility/acc401ass
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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 an
itemized deduction for transportation? Use the
mileage rate in effect for 2010. Explain your
answer.
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ACC 401 ASSIST The power of possibility/acc401ass
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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?
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ACC 401 ASSIST The power of possibility/acc401ass
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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 Income from consulting
business 4,000 Consulting expenses other than
home office 1,500
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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.
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ACC 401 Week 3 DQ 2 Rental Property Royalties
FOR MORE CLASSES VISIT www.acc401assist.com   Ch
8. 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?
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ACC 401 ASSIST The power of possibility/acc401ass
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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? 4) 179 expense is available for all of the
following business assets except
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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 Martha. What amount of child and
dependent care tax credit can they claim on their
Form 1040? How would your answer differ (if at
all) if the couple had AGI of 36,000 that was
entirely earned by Tim?
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ACC 401 ASSIST The power of possibility/acc401ass
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ACC 401 Week 4 DQ 1 Tax Credits and Payroll Taxes
FOR MORE CLASSES VISIT www.acc401assist.com   Fr
om 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.
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ACC 401 ASSIST The power of possibility/acc401ass
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ACC 401 Week 4 DQ 1 Tax Credits and Payroll Taxes
FOR MORE CLASSES VISIT www.acc401assist.com   Fr
om 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.
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ACC 401 ASSIST The power of possibility/acc401ass
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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?
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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?
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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
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