Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

11. Z has the following expenses in 2020 related to her dog grooming business in Cleveland that she has successfully operated since 2008: Deduction Type

image text in transcribed

11. Z has the following expenses in 2020 related to her dog grooming business in Cleveland that she has successfully operated since 2008: Deduction Type Wages Doggie treats supplies water New Cages Insurance Amount $100,000 1,000 10,000 15,000 25,000 16,000 Details Paid equally to Z's four children Not part of the service paid for by clients Shampoo, disposable grooming brushes etc. Special business rates, paid to city Old ones were replaced this year Liability in case a dog is hurt or a person is bit by a dog Includes Z's upstairs apartment Z is not a vet and strictly speaking should not be giving these things to dogs, but it seems to calm them Includes the prepayment of 2021s rent Helping the re-election of a candidate who supports the zoning that allows Z's business to operate at this location. Property taxes Medicines and ointments 12,000 3,000 Rent Political contribution 30,000 2,000 One of Z's children has lived in France since 2018, and another is five year's old. The other two work very hard for Z. The cages are expected to last for ten years. The insurance also covers damage that might be done by Z with her personal automobile (20% of the total cost). Z is a cash basis taxpayer. Complete the blank column. 11. Z has the following expenses in 2020 related to her dog grooming business in Cleveland that she has successfully operated since 2008: Deduction Type Wages Doggie treats supplies water New Cages Insurance Amount $100,000 1,000 10,000 15,000 25,000 16,000 Details Paid equally to Z's four children Not part of the service paid for by clients Shampoo, disposable grooming brushes etc. Special business rates, paid to city Old ones were replaced this year Liability in case a dog is hurt or a person is bit by a dog Includes Z's upstairs apartment Z is not a vet and strictly speaking should not be giving these things to dogs, but it seems to calm them Includes the prepayment of 2021s rent Helping the re-election of a candidate who supports the zoning that allows Z's business to operate at this location. Property taxes Medicines and ointments 12,000 3,000 Rent Political contribution 30,000 2,000 One of Z's children has lived in France since 2018, and another is five year's old. The other two work very hard for Z. The cages are expected to last for ten years. The insurance also covers damage that might be done by Z with her personal automobile (20% of the total cost). Z is a cash basis taxpayer. Complete the blank column

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Teaching Calculation Audit And Test

Authors: Richard English

1st Edition

144627277X, 978-1446272770

More Books

Students also viewed these Accounting questions