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please help mw with these 3!! thank you. I will rate the best. please see the 4 tables provided by the professor. please choose the

please help mw with these 3!! thank you. I will rate the best.
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please see the 4 tables provided by the professor. please choose the one adequate for the problems. thank you!
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Circle LLC, a calendar year taxpayer, has acquired various types of assets recentiy. Below is a list of assets acquired during 2021 and 2022 : Circle did not elect 5179 expense and elected out of bonus depreciation in 2021 and 2022. Calculate Circle's maximum depreciation expense for 2022, rounded to the nearest whole number. Depreciation table Patricia, an individual, began business four years ago and has never sold a 51231 asset. Patricia owned each of the assets for several years. In the current year, Suzanne si the following business assets: Patricia's marginal ordinary income tax rate is 37 -percent and her preferential rate is 20%. 1. What is the character of the gains and losses? 2. Calculate the affect they have on her tax liability? (Compute the tax on these transactions) Maria received 20 NQOs (each option gives her the right to purchase 10 shares of stock for $12 per share) at the time she started working when the stock price was $13 per share. Three years later, when the share price was $25 per share, she exercised all of her options. 1. How much income will Maria recognize on the exercise date? 2. If Maria holds the shares for thirteen additional months and sells them when the market price is $30, how much gain will she recognize on the sale? 3. Based on your answers to 1&2 above, how much tax would she pay assuming her marginal tax rate is 28 percent and her capital gains rate is 15%? Mid-Quarter Depreciation Table for Personal Property by Quarter Placed in Service and Recovery Period (Excerpts from Rev. Proc. 8757 ) Depreciation Tables MACRS Half-Year Convention Residential Real Property - 27.5 Years Depreciation Tables Nonresidential Real Property - 39 Yea Residential Real Property-27.5 Years Circle LLC, a calendar year taxpayer, has acquired various types of assets recentiy. Below is a list of assets acquired during 2021 and 2022 : Circle did not elect 5179 expense and elected out of bonus depreciation in 2021 and 2022. Calculate Circle's maximum depreciation expense for 2022, rounded to the nearest whole number. Depreciation table Patricia, an individual, began business four years ago and has never sold a 51231 asset. Patricia owned each of the assets for several years. In the current year, Suzanne si the following business assets: Patricia's marginal ordinary income tax rate is 37 -percent and her preferential rate is 20%. 1. What is the character of the gains and losses? 2. Calculate the affect they have on her tax liability? (Compute the tax on these transactions) Maria received 20 NQOs (each option gives her the right to purchase 10 shares of stock for $12 per share) at the time she started working when the stock price was $13 per share. Three years later, when the share price was $25 per share, she exercised all of her options. 1. How much income will Maria recognize on the exercise date? 2. If Maria holds the shares for thirteen additional months and sells them when the market price is $30, how much gain will she recognize on the sale? 3. Based on your answers to 1&2 above, how much tax would she pay assuming her marginal tax rate is 28 percent and her capital gains rate is 15%? Mid-Quarter Depreciation Table for Personal Property by Quarter Placed in Service and Recovery Period (Excerpts from Rev. Proc. 8757 ) Depreciation Tables MACRS Half-Year Convention Residential Real Property - 27.5 Years Depreciation Tables Nonresidential Real Property - 39 Yea Residential Real Property-27.5 Years

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