Which of the following forms is used to report government payments such as a state income tax
Question:
Which of the following forms is used to report government payments such as a state income tax refund?
a. Form W-2G
b. Form 1099-Casino
c. Form 1099-G
d. Form 1099-Lottery
e. Form 1099-C
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
c ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Income Tax Fundamentals 2019
ISBN: 9781337703062
37th Edition
Authors: Gerald E. Whittenburg, Steven Gill
Question Posted:
Students also viewed these Business questions
-
Which of the following forms is used to report wages, tips and other compensation paid to employees? a. Form W-4 b. Form W-2G c. Form W-2 d. Form 1099-R e. Form 1099-MISC
-
Which of the following amounts paid by an employer to an employee is not subject to withholding? a. Salary b. Bonus c. Commissions d. Reimbursement of expenses under an accountable plan e. All of the...
-
Assume that the taxpayers, George A. Warden (social security number 333-33-3330) and Mary S. Warden (social security number 444-44-4440) file a joint return. Both are 50-years old, have good...
-
Determine the reactions at the beam supports for the given loading when wO = 400 lb/ft. 300 lb/ft A. 5 ft
-
Sandals Company was formed on January 1, 2013, and is preparing the annual fi nancial statements dated December 31, 2013. Ending inventory information about the four major items stocked for regular...
-
How do responsibility, authority, and accountability differ? What happens to responsibility, authority, and accountability when a manager delegates work to a subordinate?
-
Monte Hall Gaming, Inc., paid \($20,000\) cash to purchase land. To buy the land, the business was obligated to pay for it. Requirement 1. Why did the business record no liability in this transaction?
-
Gerstner Corporation is authorized to issue 10,000 shares of $40 par value, 10% preferred stock and 200,000 shares of $5 par value common stock . On January 1, 2014, the ledger contained the...
-
Maggie s Skunk Removal Corporation s income statement listed net sales of $ 1 3 . 5 million, gross profit of $ 9 . 1 0 million, EBIT of $ 6 . 6 million, net income available to common stockholders of...
-
Jenco Incorporateds only product is a combination fertilizer-weed killer called Fertikil. Fertikil is sold nationwide through normal marketing channels to retail nurseries and garden stores. Taylor...
-
Yasmeen purchases stock on January 30, 2017. If she wishes to achieve a long-term holding period, what is the first date that she can sell the stock as a long-term gain? a. January 20, 2018 b....
-
Donald, a wealthy banker, has a 24-year-old son, Junior, that has struggled to keep a job. In 2018, Junior generated wage income of $17,000. Junior is not a dependent of Donald and Juniors 2018 tax...
-
Adventurers Inc. sold a mountain bike to a customer for $1,000 including a two-year annual maintenance package. The fair value of the mountain bike is $1,100 and the fair value of the maintenance...
-
Free trade proponents and protectionists have drastically different views regarding trade. Which side of the debate do you side with, and why? When answering this question, consider the economic...
-
You've learnt about real estate investment trusts (REITs) and how they operate. What do you think some of their unique characteristics are? How do you think these characteristics further enhance...
-
It has been my experience that a portfolio manager can perform poorly on the returns front but as long as they "beat" their benchmark they have done well. In today's environment, we see a lot of...
-
Do you think we would see a larger difference when incorporating the time value of money. when interest rates are high or when interest rates are low? Why?
-
Citigroup has just issued a coupon bond that will pay $80 each year for the next 8 years. The bond's yield-to-maturity is 7.7%. What is the price of the bond? Question 2 Bank of America has a 6%,...
-
A researcher wants to compare the salaries of registered nurses who work in California, New York, and Florida. The researcher randomly selected several RNs in each state and recorded their annual...
-
The activities listed in lines 2125 serve primarily as examples of A) Underappreciated dangers B) Intolerable risks C) Medical priorities D) Policy failures
-
In 2018, Ben purchases and places in service a new auto for his business. The auto costs $57,000 and will be used 100% for business. Assuming the halfyear convention applies and Ben does not elect...
-
A. Bea Jones (birthdate March 27, 1984) moved from Texas to Florida in December 2017. She lives at 654 Ocean Way, Gulfport, FL 33707. Beas Social Security number is 466-78-7359 and she is single. Her...
-
On September 14, 2018, Jay purchased a passenger automobile that is used 75 percent in his accounting business. The automobile has a basis for depreciation purposes of $43,000, and Jay uses the...
-
The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials used 16,800 pounds at $4.45 per pound Actual direct labor used 17,435 hours at...
-
The bond market is the largest global financial market. Corporations, municipalities, and governments need to raise funds constantly, and debt is one of the easiest and cheapest ways to do it. Equity...
-
Elbow Bend Hotel Rooms Information Total Rooms=100 Deluxe room=40 Executive rooms= 50 Suites= 10 Suites are 100% sold every month and the other two categories split the rest of the rooms sold...
Study smarter with the SolutionInn App