Business, 26.05.2021 01:00, supermkimbrel
Byron and jeanne are married and have filled joint tax return since 2002.they have two school age children who lived with them all year. In 2019, Byron and jeanne had the following income and expenses:
* wages $300,000
*interest from NYS bonds $2,500
Interest on savings account $1250
Stock dividend (no cash op0tion/FMV on date received) $5,750
Longterm capital gain $29,000
Short term capital loss $15,000
Section 1244 loss $120,000
Medical expanses (subject to a 10%)floor $18,000
Insurance reimbursement for medical expanses $6000
• Donation of LTCG property to charitable organization
Adjusted basis $100,000.
Fair market value $123,00
Cash on their church $45,000
Ignore the exemption deduction and assuming the limitation for charitable donation are 50%, 30% , or 20% . determine Byron and Jeanne’s Taxable for 2019
Answers: 3
Other questions on the subject: Business
Business, 21.06.2019 23:00, gobbler80
Employees of dti, inc. worked 1,600 direct labor hours in january and 1,000 direct labor hours in february. dti expects to use 18,000 direct labor hours during the year, and expects to incur $22,500 of worker’s compensation insurance cost for the year. the cash payment for this cost will be paid in april. how much insurance premium should be allocated to products made in january and february?
Answers: 1
Business, 22.06.2019 05:30, 2023greenlanden
The hartman family is saving $400 monthly for ronald's college education. the family anticipates they will need to contribute $20,000 towards his first year of college, which is in 4 years .which best explain s whether the family will have enough money in 4 years ?
Answers: 1
Business, 22.06.2019 12:00, ddaaaeeee3503
Which of the following is one of the advantages primarily associated with a performance appraisal? (a) it protects employees against discrimination on the basis of race. (b) it motivates employees to work on their shortcomings. (c) it encourages employees to play the role of the whistle-blower. (d) it accurately measures the resources of the firm.
Answers: 2
Do you know the correct answer?
Byron and jeanne are married and have filled joint tax return since 2002.they have two school age ch...
Questions in other subjects:
Mathematics, 15.04.2020 01:59
Biology, 15.04.2020 01:59
Physics, 15.04.2020 01:59
English, 15.04.2020 01:59
History, 15.04.2020 01:59
