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Mr. Andrew Bosworth works for a publicly traded company. During 2022, his base salary was $180,000. In addition, he received commissions totaling $11,500 and a

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Mr. Andrew Bosworth works for a publicly traded company. During 2022, his base salary was $180,000. In addition, he received commissions totaling $11,500 and a bonus of $38,000. None of the bonus will be paid until January, 2023. During 2022, his employer withholds the following amounts fom his salary: Mr. Bosworth is married and has two children. Mr. Bosworth's daughter is 12 years old. Mr. Bosworth's spouse has Net Income For Tax Purposes of $6,450 resulting from part-time employment. His 19 year old son attends a local university and lives at home. His tuition for the 8 months of attendance during 2022 was $8,210. His father paid the tuition. The son had 2022 Net Income For Tax Purposes of $11,000 resulting from investments he inherited from his grandfather. The son's only tax credit is the basic personal credit for single persons. He has agreed to transfer the maximum tuition amount to his father. 1. Mr. Bosworth's employer provides him with an automobile that is leased for $925 per month, including a $75 per month payment for insurance. During 2022, the automobile is driven a total of 62,000 kilometers, of which 41,000 involve employment related activities. Employer paid all of the $10,300 in 2022 operating costs. The automobile was used by Mr. Boswor throughout 2022. 2. In 2022, Mr. Bosworth received options to acquire 5,000 shares of his employer's common stock at a price of $9.75 per share. This was the market price of the shares at the time the options were granted. On July 1,2022 , when the shares were trading at $12.35, Mr. Bosworth exercises all of these options. He is still holding the acquired shares at the end of 2022 . 3. Mr. Bosworth is not reimbursed for advertising, entertainment or travel costs. He paid for the following employment related costs: 4. Mr. Bosworth's employer provides all employees with a luxury weekend at a local resort. The cost of the gift is $2,500 for each employee. 5. Mr. Bosworth pays for the following medical expenses during 2022: 6. Because of his ongoing interest in Elizabethan drama. Mr. Bosworth enrolls in a course on Shakespeare's tragedies at the local university. His tuition was $1,670 and his required textbooks cost $165. The duration of the course was 4 months. 7. Mr. Bosworth is not eligible for the first-time donor's super credit. Required: A. Determine Mr. Bosworth's minimum Net Income For Tax Purposes for the 2022 taxation year. B. Determine Mr. Bosworth's minimum Taxable Income for the 2022 taxation year. C. Based on your answer in Part B. determine Mr. Bosworth's federal Tax Payable for the 2022 taxation year

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