In 2019, nadia has $100,000 of regular taxable income. she itemizes her deductions as follows: real property taxes of $1,500, state income taxes of $2,000, and mortgage interest expense of $10,000 (acquisition indebtedness of $200,000). in addition, she receives tax-exempt interest of $1,000 from a municipal bond (issued in 2006) that was used to fund a new business building for a (formerly) out-of-state employer. finally, she received a state tax refund of $300 from the prior year. a) what is nadia amti this year if she deducted $15,000 of itemized deductions last year and did not owe any amt last yer? coplete form 6251( through line 28) for nadia.
b) what ia nadia's amti this year if she deducted the standard deduction last year and did not owe ant amt last year? complete form 6251 (through line 28) for nadia
Answers: 1
Other questions on the subject: Business
Business, 21.06.2019 21:00, Giovanni0312
During the first month of operations, martinson services, inc., completed the following transactions: jan 2 martinson services received $65,000 cash and issued common stock to the stockholders. 3 purchased supplies, $1,000, and equipment, $12,000, on account. 4 performed services for a customer and received cash, $5,500. 7 paid cash to acquire land, $39,000. 11 performed services for a customer and billed the customer, $4,100. martinson expects to collect within one month 16 paid for the equipment purchased january 3 on account. 17 paid for newspaper advertising, $600. 18 received partial payment from customer on account, $2,000. 22 paid the water and electricity bills, $430. 29 received $2,600 cash for servicing the heating unit of a customer. 31 paid employee salary, $2,900. 31 declared and paid dividends of $1,800. requirements 1. record each transaction in the journal. key each transaction by date. explanations are not required. 2. post the transactions to the t-accounts, using transaction dates as posting references. label the ending balance of each account bal, as shown in the chapter. 3. prepare the trial balance of martinson services, inc., at january 31 of the current year. 4. mark martinson, the manager, asks you how much in total resources the business has to work with, how much it owes, and whether january was profitable (and by how much)?
Answers: 1
Business, 22.06.2019 01:10, ltawiah8393
Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ
Answers: 3
Business, 22.06.2019 19:00, lonelynomad00
Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.
Answers: 2
Business, 22.06.2019 23:10, erykaa
Mbo works by objectives moving through the organization; that is, top managers set general organizational objectives, which are translated into divisional objectives, which are translated into departmental objectives. the hierarchy ends in individual objectives set by each employee. this is an example of mbo working as objectives through the organization.
Answers: 1
Do you know the correct answer?
In 2019, nadia has $100,000 of regular taxable income. she itemizes her deductions as follows: real...
Questions in other subjects:
Biology, 26.01.2021 19:00
Mathematics, 26.01.2021 19:00
Mathematics, 26.01.2021 19:00
Mathematics, 26.01.2021 19:00
Mathematics, 26.01.2021 19:00
