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ACC 401 Expect Success/newtonhelp.com

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For more course tutorials visit www.newtonhelp.com ACC 401 Week 1 Assignment Chapter 2 Problems 32, 33 & 38 ACC 401 Week 1 Quiz ACC 401 Week 1 Quiz Set 2 – PowerPoint PPT presentation

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Title: ACC 401 Expect Success/newtonhelp.com


1
ACC 401 Expect Success/newtonhelp.com  
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ACC 401 Expect Success/newtonhelp.com  
  • ACC 401 Entire Course
  • For more course tutorials visit
  • www.newtonhelp.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 Expect Success/newtonhelp.com  
  • ACC 401 Week 1 Assignment Chapter 2 Problems 32,
    33 38
  • For more course tutorials visit
  • www.newtonhelp.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?

4
ACC 401 Expect Success/newtonhelp.com  
  • ACC 401 Week 1 DQ 1 Basic Concepts
  • For more course tutorials visit
  • www.newtonhelp.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.

5
ACC 401 Expect Success/newtonhelp.com  
  • ACC 401 Week 1 DQ 2 Gross Income
  • For more course tutorials visit
  • www.newtonhelp.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.

6
ACC 401 Expect Success/newtonhelp.com  
  • ACC 401 Week 1 Quiz Set 2
  • For more course tutorials visit
  • www.newtonhelp.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

7
ACC 401 Expect Success/newtonhelp.com  
  • ACC 401 Week 1 Quiz
  • For more course tutorials visit
  • www.newtonhelp.com
  •   
  • ACC 401 Week 1 Quiz

8
ACC 401 Expect Success/newtonhelp.com  
  • ACC 401 Week 2 Assignment Chapter 4 problem 53
    and problem 55
  • For more course tutorials visit
  • www.newtonhelp.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.

9
ACC 401 Expect Success/newtonhelp.com  
  • ACC 401 Week 2 DQ 1 Adjusted Gross Income
  • For more course tutorials visit
  • www.newtonhelp.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?

10
ACC 401 Expect Success/newtonhelp.com  
  • ACC 401 Week 2 DQ 2 Itemized Deductions
  • For more course tutorials visit
  • www.newtonhelp.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.

11
ACC 401 Expect Success/newtonhelp.com  
  • ACC 401 Week 2 Quiz
  •  For more course tutorials visit
  • www.newtonhelp.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.

12
ACC 401 Expect Success/newtonhelp.com  
  • ACC 401 Week 3 Assignment Chapter 6
  • For more course tutorials visit
  • www.newtonhelp.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.

13
ACC 401 Expect Success/newtonhelp.com  
  • ACC 401 Week 3 DQ 1 Self-Employed Business Income
    Capital Gains
  • For more course tutorials visit
  • www.newtonhelp.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.
  •  

14
ACC 401 Expect Success/newtonhelp.com  
  • ACC 401 Week 3 DQ 2 Rental Property Royalties
  • For more course tutorials visit
  • www.newtonhelp.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.

15
ACC 401 Expect Success/newtonhelp.com  
  •  
  • ACC 401 Week 3 Quiz
  • For more course tutorials visit
  • www.newtonhelp.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?

16
ACC 401 Expect Success/newtonhelp.com  
  • ACC 401 Week 4 Assignment Chapter 9, Problem 42
    problem 49
  • For more course tutorials visit
  • www.newtonhelp.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,

17
ACC 401 Expect Success/newtonhelp.com  
  • ACC 401 Week 4 DQ 1 Tax Credits and Payroll Taxes
  • For more course tutorials visit
  • www.newtonhelp.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.

18
ACC 401 Expect Success/newtonhelp.com  
  • ACC 401 Week 4 DQ 2 Payroll Taxes and Retirement
    Plans
  • For more course tutorials visit
  • www.newtonhelp.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.

19
ACC 401 Expect Success/newtonhelp.com  
  • ACC 401 Week 5 DQ 1 Partnership Taxation
  • For more course tutorials visit
  • www.newtonhelp.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 Expect Success/newtonhelp.com  
  • ACC 401 Week 5 DQ 2 Corporate taxation
  • For more course tutorials visit
  • www.newtonhelp.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.

21
ACC 401 Expect Success/newtonhelp.com  
  • ACC 401 Week 5 Final Paper Assignment
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  QAppendix A
  • Please use this information for your Tax Return
    and Paper.
  • All people, businesses, and information are
    fictional.

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ACC 401 Expect Success/newtonhelp.com  
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