Ms. T. an unmarried individual, has the following income items: Schedule C net profit ..$31,900 NOL carry
Question:
Schedule C net profit …………………..$31,900
NOL carry forward deduction …………. (9,190)
Interest income ………………………….. 725
Ms. T’s self-employment tax was $4,507. She had $6,270 itemized deduction and one dependent child (age 9) who lives in her home. Compute Ms. T’s income tax.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 46% (13 reviews)
Ms Ts total income 23435 Abovetheline deduction for onehalf SE ta...View the full answer
Answered By
Nicholas Maina
Throughout my tutoring journey, I've amassed a wealth of hands-on experience and honed a diverse set of skills that enable me to guide students towards mastering complex subjects. My proficiency as a tutor rests on several key pillars:
1. Subject Mastery:
With a comprehensive understanding of a wide range of subjects spanning mathematics, science, humanities, and more, I can adeptly explain intricate concepts and break them down into digestible chunks. My proficiency extends to offering real-world applications, ensuring students grasp the practical relevance of their studies.
2. Individualized Guidance:
Recognizing that every student learns differently, I tailor my approach to accommodate various learning styles and paces. Through personalized interactions, I identify a student's strengths and areas for improvement, allowing me to craft targeted lessons that foster a deeper understanding of the material.
3. Problem-Solving Facilitation:
I excel in guiding students through problem-solving processes and encouraging critical thinking and analytical skills. By walking learners through step-by-step solutions and addressing their questions in a coherent manner, I empower them to approach challenges with confidence.
4. Effective Communication:
My tutoring proficiency is founded on clear and concise communication. I have the ability to convey complex ideas in an accessible manner, fostering a strong student-tutor rapport that encourages open dialogue and fruitful discussions.
5. Adaptability and Patience:
Tutoring is a dynamic process, and I have cultivated adaptability and patience to cater to evolving learning needs. I remain patient through difficulties, adjusting my teaching methods as necessary to ensure that students overcome obstacles and achieve their goals.
6. Interactive Learning:
Interactive learning lies at the heart of my approach. By engaging students in discussions, brainstorming sessions, and interactive exercises, I foster a stimulating learning environment that encourages active participation and long-term retention.
7. Continuous Improvement:
My dedication to being an effective tutor is a journey of continuous improvement. I regularly seek feedback and stay updated on educational methodologies, integrating new insights to refine my tutoring techniques and provide an even more enriching learning experience.
In essence, my hands-on experience as a tutor equips me with the tools to facilitate comprehensive understanding, critical thinking, and academic success. I am committed to helping students realize their full potential and fostering a passion for lifelong learning.
4.90+
5+ Reviews
16+ Question Solved
Related Book For
Principles Of Taxation For Business And Investment Planning 2016 Edition
ISBN: 9781259549250
19th Edition
Authors: Sally Jones, Shelley Rhoades Catanach
Question Posted:
Students also viewed these Business Law questions
-
Ms. B, an unmarried individual, has $196,400 taxable income. Compute her income tax in each of the following cases: a. Ms. B is a single taxpayer. b. Ms. B is a head of household. c. Ms. B is a...
-
Ms. W is an unmarried individual. Determine if each of the following unmarried individuals is either a qualifying child or a qualifying relative for whom Ms. W can claim an exemption. a. Daughter...
-
Boyd Salzer, an unmarried individual, has $212,950 AGI consisting of the following items: Salary . $188,000 Interest income .. 2,900 Dividend income 8,300 Rental income from real property .. 13,750...
-
Nancy has active modified adjusted gross income before passive losses of $75,000. She has a loss of $5,000 on a rental property she actively manages. How much of the loss is she allowed to take...
-
What is the acceleration for each graph segment in Fig. 2.23? Describe the motion of the object over the total time interval. 7 10.0 (4.0,80 10.0,80) 8.01. 6.0 8 4.0 2.0 4.0 8.0 12.0 16.0 Time (s)
-
A stock has current price of 105. The call on the stock with strike price of 100 has a price of 8. Assuming zero interest rate, what is the put price on the same stock with the same strike price?
-
At the Sampson Company, the cost of spoiled goods averages about 4 percent of the total manufacturing costs. Management learns that the cost of spoiled goods at the Armstrong Supply Company, a...
-
A researcher plans to conduct an experiment evaluating the effect of a treatment. A sample of n = 9 participants is selected and each person receives the treatment before being tested on a...
-
QUESTIONS Explain the relationship between international trade and the outsource/offshore business practice. Provide examples of your explanation
-
In the audit of Potomac Mills, the auditors wish to test the costs assigned to manufactured goods. During the year, the company has produced 2,000 production lots with a total recorded cost of $5.9...
-
Mr. and Mrs. S have the following income items: Mr. Ss Schedule C net profit .$91,320 Mrs. Ss Schedule C net loss .. (7,480) Mrs. Ss taxable pension . 12,300 Mr. Ss self-employment tax was $12,903....
-
Mr. and Mrs. K had the following income items: Mr. Ks salary $206,000 Mrs. Ks salary 118,000 Ordinary partnership income .. 51,750 The couple had $28,200 itemized deductions (none of which were...
-
Give an example of where this instruction might be useful and a sequence of existing MIPS instructions that are replaced by this instruction. In this exercise, we examine how the ISA affects pipeline...
-
Scenario : Wanda, a BCBA, is updating an intervention plan for a leaner on her caseload to submit for insurance funding authorization. Part of the plan includes the completion of an adaptive...
-
a) how can your company accommodate generational or gender difference within your company ? b) how can your company accommodate communication and or language difference within your company ?
-
3. Consider the following data for two catalysts, A and B. The temperature is 25 C and the reaction occurs at standard conditions. a. Make a Tafel plot and determine the Tafel slope. Estimate the...
-
How consumption can be helpful in facilitating the construction of your identity? Explain the ways in which the symbolic meanings, connected with your consumption choices are important to you? Is...
-
Cataumet Boats, Inc. Jaime Giancola had just completed the first half of her MBA program and wanted to work on a project during the summer that would give her some practical experience applying what...
-
Identify your key selling points for the job application process.
-
The Higher the time period of the financial security the higher the. ............... risk. O a. Maturity O b. Default and Maturity Oc. Default O d. Liquidity
-
Walsh Co. sells motor vehicle fuel, accessories and spare parts to retail customers. The company owns 25 shops. The company has recently implemented a new computerised wages system. Employees work a...
-
Carlines son, Leon, 10, is a musical prodigy. Carline, also a musical person, has spent a significant amount of time teaching Leon music and promoting his possible career. When Leon finally receives...
-
Barbara owns an incorporated consulting business and has spent many years building its respectable reputation. However, business recently has dropped dramatically because of the unprofessional...
-
Newark Marine Food Service (NMFS) sells hot lunches and snacks to the crews of ships that dock at the Port of Newark. According to custom, the officers of the visiting ships receive a five percent...
-
*please calculate irr in excel
-
Which of the following would not be a period cost? Research and development Direct materials Office supplies Advertising costs
-
\ table [ [ Activity Cost Pool,Activity Measure,Total Cost,Total Activity ] , [ Machining , Machine - hours,$ 3 3 0 , 0 0 0 , 1 5 , 0 0 0 MHs ] , [ Machine setups,Number of setups,$ 3 0 0 , 0 0 0 , 5...
Study smarter with the SolutionInn App