Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

could you please answer question #7,8 Semlgor Problem #7 (2 points) In January, Gregory, a self-employed consultant, attended a conference in his area of specialty

could you please answer question #7,8
image text in transcribed
Semlgor Problem #7 (2 points) In January, Gregory, a self-employed consultant, attended a conference in his area of specialty in Las Vegas. His expenses were as follows: $320 45 Airfare Taxis to hotel Lodging Entertainment 400 250 300 Meals 275 Tuition and fees 90 miles Mileage to Airport and back How much can Gregory deduct? Problem #8 (2 points) In 2018, Melinda is employed at a local university and has wages of $55,000. Melinda also has a Schedule C business where she plays piano and sings at social events. She has net income from the Schedule C of $18,000. 1) What is Melinda's self-employment tax? 2) If Melinda's income had been $150,000 from the university, what would her self- employment tax be

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

Database Audit And Protection

Authors: Gerardus Blokdyk

3rd Edition

0655407499, 978-0655407492

More Books

Students also viewed these Accounting questions

Question

When should the last word in a title be capitalized?

Answered: 1 week ago

Question

Address an envelope properly.

Answered: 1 week ago

Question

Discuss guidelines for ethical business communication.

Answered: 1 week ago