Which entities utilize deductions for adjusted gross income and deductions from adjusted gross income? Why do only
Question:
Which entities utilize deductions for adjusted gross income and deductions from adjusted gross income? Why do only these entities use said deductions?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
In the US tax system all individual taxpayers can utilize both deductions for adjusted gross income ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
Question Posted:
Students also viewed these Business questions
-
How do deductions for adjusted gross income and deductions from adjusted gross income of an individual differ?
-
Reba's 2018 income tax calculation is as follows: Before filing her return, Reba finds an $8,000 deduction that she omitted from these calculations. Although the item is clearly deductible, she is...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
1.) Find the equation of a polynomial in standard form of lowest degree possible that crosses the x-axis at x = 1, bounces off of the x-axis at x = -1, has a y-intercept of 4, goes to co as x goes to...
-
What is evidence-based policing? What potential does it hold for managing police organizations in the future?
-
Beyer Company is considering the purchase of an asset for $260,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. Net cash flows Year 1 $64,000...
-
nevte
-
China is the worlds largest exporter and has a fixed nominal exchange to the U.S. dollar. However, Chinas real exchange rate, which determines the countrys competitiveness, can change even when the...
-
Single plantwide factory overhead rate Bach Instruments Inc. makes three musical instruments: flutes, clarinets, and oboes. The budgeted factory overhead cost is $155,800. Overhead is allocated to...
-
A partnership is owned 62 percent by a corporation and 38 percent by an individual. The corporation has a fiscal year ending on September 30. The individual is a calendar- year taxpayer. What is the...
-
How are liabilities in excess of basis treated in an installment sale?
-
What is the assigned responsibility in a rev enue center? (LO 3, 4)
-
Explain in simple terms the concept of: "Technology Structures and Social Boundaries"
-
1- According to the Six Steps in Strategic Planning find out the Lidl and Mercadona strategic plan 2021-2022 in Spain. Highlight the major differences and similarities between them. 2- Make a picture...
-
Your writing must present an introduction, development and conclusion. At the end of your work include the APA references. case 1: program for the agency that provides services to the government...
-
7. (8 points) In the following VHDL process, if input A changes at time 20nS and no other inputs change after that time, at what time will all the output signals be guaranteed to have assumed their...
-
Q1. Tenure analysis: Table: employee Column Name Data Type Description employee_id Integer Unique identifier for each employee department Varchar The department of the employee job_level Varchar The...
-
You want to make up 3.00 L of aqueous hydrochloric acid, HCl(aq), that has a pH of 2.00. How many grams of concentrated hydrochloric acid will you need? Concentrated hydrochloric acid contains 37.2...
-
Kenneth Hubbard has prepared the following list of statements about managerial accounting and financial accounting. 1. Financial accounting focuses on providing information to internal users. 2....
-
Should managers monitor employee e-mail and Internet usage? Why or why not?
-
Describe an effective e-mail and web use policy for a company.
-
Should managers inform employees that their web behavior is being monitored? Or should managers monitor secretly? Why or why not?
-
How to solve general ledger cash balance chapter 9 assignment 5
-
On 31 July 2018, Sipho bought 1 000 ordinary shares in ABC Ltd at a cost of R2 750. On 31 December 2018 the company made a 1 for 10 bonus issue. On 31 March 2019, Sipho sold 300 shares for R800. What...
-
If you purchase a $1000 par value bond for $1065 that has a 6 3/8% coupon rate and 15 years until maturity, what will be your annual return? 5.5% 5.9% 5.7% 6.1%
Study smarter with the SolutionInn App