Brillo Company uses the calendar year and the cash method of accounting. On December 29, 2022, Brillo made the following cash payments. To what extent can Brillo deduct the payment in 2022? Required: a. $70,000 for a two-year office lease beginning on Fobruary 1, 2023. b. $99,000 of inventory items held for sale to customers. c. $3,800 to purchase a new refrigeratoc for the employees' lounge. The refrigerator was delivered on January 8,2023 . d. $6,800 retainer to a consultant who spent three weeks in January 2023 analyzing Brillo's internat control system. e. $24,300 property tax to the local government for the first six months of 2023 . For all requirements, leave no cells blank - be certain to enter "0" wherever required. Warren Company is a calendar year, cash basis firm. On December 6,2022 , Warren paid $7,200 cash to a landscape service business that maintains the lawns and gardens around Warren's headquarters. Required: a. How much of this expenditure can Warren deduct in 2022 assuming that the expenditure is a prepayment for four months of landscape maintenance beginning May 1, 2023? b. How much of this expenditure can Warren deduct in 2022 assuming that the expenditure is a prepayment for 12 months of landscape maintenance beginning May 1, 2023? Complete this question by entering your answers in the tabs below. How much of this expenditure can Warren deduct in 2022 assuming that the expenditure is a prepayment for four months of landscape maintenance beginning May 1,2023 ? Wahoo, Incorporated, a calendar year taxpayer, leases equipment to a customer for $4,500 monthly rent. On November 27,2022 , Wahoo recelved $36,000 rent payment for the eight-month period beginning on December 1 . Required: a. How much of the payment must Wahoo recognize as 2022 taxable income assuming that Wahoo uses the cash method of accounting for tax purposes? b. How much of the payment must Wahoo recognize as 2022 taxable income assuming that Wahoo uses the accrual method of accounting for tax purposes? Complete this question by entering your answers in the tabs below. How much of the payment must Wahoo recognize as 2022 taxable income assuming that Wahoo uses the cash method of accounting for tex purposes? Mr. Hill earned a $115,000 salary, and Ms. Gomez earned a $209,200 salary. Neither individual had any other income, and neither can itemize deductions. Assume the taxable year is 2022. Use Individual Tax Rate Schedules and Standard Deduction Table. Required: a. Compute Ms. Gomez and Mr. Hill's combined tax if they file as single individuals. b. Compute M5, Gomez and Mr. Hill's tax if they are married and file a joint return. Complete this question by entering your answers in the tabs below. Compute M5, Gomez and Mr. Hill's combined tax if they file as single individuals. Note: Round your intermediate calculations and final answers to the nearest whole dollar amount. Alex and Addison are married and have the following income items: Addison's self-employment tax was $4,479. Addison's Schedule C net business profit is qualified business income (non-5ervice). The couple have $10,270 itemized deductions and no children or other dependents. Required: Compute their income tax on a joint return. Assume the taxable year is 2022. Use Indlyidual Tax Rate Schedules and Standard Deduction Table. Note: Round your intermediate calculations and final answers to the nearest whole dollar amount. Brillo Company uses the calendar year and the cash method of accounting. On December 29, 2022, Brillo made the following cash payments. To what extent can Brillo deduct the payment in 2022? Required: a. $70,000 for a two-year office lease beginning on Fobruary 1, 2023. b. $99,000 of inventory items held for sale to customers. c. $3,800 to purchase a new refrigeratoc for the employees' lounge. The refrigerator was delivered on January 8,2023 . d. $6,800 retainer to a consultant who spent three weeks in January 2023 analyzing Brillo's internat control system. e. $24,300 property tax to the local government for the first six months of 2023 . For all requirements, leave no cells blank - be certain to enter "0" wherever required. Warren Company is a calendar year, cash basis firm. On December 6,2022 , Warren paid $7,200 cash to a landscape service business that maintains the lawns and gardens around Warren's headquarters. Required: a. How much of this expenditure can Warren deduct in 2022 assuming that the expenditure is a prepayment for four months of landscape maintenance beginning May 1, 2023? b. How much of this expenditure can Warren deduct in 2022 assuming that the expenditure is a prepayment for 12 months of landscape maintenance beginning May 1, 2023? Complete this question by entering your answers in the tabs below. How much of this expenditure can Warren deduct in 2022 assuming that the expenditure is a prepayment for four months of landscape maintenance beginning May 1,2023 ? Wahoo, Incorporated, a calendar year taxpayer, leases equipment to a customer for $4,500 monthly rent. On November 27,2022 , Wahoo recelved $36,000 rent payment for the eight-month period beginning on December 1 . Required: a. How much of the payment must Wahoo recognize as 2022 taxable income assuming that Wahoo uses the cash method of accounting for tax purposes? b. How much of the payment must Wahoo recognize as 2022 taxable income assuming that Wahoo uses the accrual method of accounting for tax purposes? Complete this question by entering your answers in the tabs below. How much of the payment must Wahoo recognize as 2022 taxable income assuming that Wahoo uses the cash method of accounting for tex purposes? Mr. Hill earned a $115,000 salary, and Ms. Gomez earned a $209,200 salary. Neither individual had any other income, and neither can itemize deductions. Assume the taxable year is 2022. Use Individual Tax Rate Schedules and Standard Deduction Table. Required: a. Compute Ms. Gomez and Mr. Hill's combined tax if they file as single individuals. b. Compute M5, Gomez and Mr. Hill's tax if they are married and file a joint return. Complete this question by entering your answers in the tabs below. Compute M5, Gomez and Mr. Hill's combined tax if they file as single individuals. Note: Round your intermediate calculations and final answers to the nearest whole dollar amount. Alex and Addison are married and have the following income items: Addison's self-employment tax was $4,479. Addison's Schedule C net business profit is qualified business income (non-5ervice). The couple have $10,270 itemized deductions and no children or other dependents. Required: Compute their income tax on a joint return. Assume the taxable year is 2022. Use Indlyidual Tax Rate Schedules and Standard Deduction Table. Note: Round your intermediate calculations and final answers to the nearest whole dollar amount