Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Revenue $ 48,000 Laptop computer purchased 4/23/19 ( 179 elected) 2,300 Travel: 2,500 miles for business, 13,000 personal Supplies 500 Cell phone charge 540 Cassandra

Revenue $ 48,000
Laptop computer purchased 4/23/19 ( 179 elected) 2,300
Travel: 2,500 miles for business, 13,000 personal
Supplies 500
Cell phone charge 540

Cassandra (SSN 412-34-5670) resides at 1400 Medical Street, Apt. 3A, Lowland, CA 92273. Professional code 622000.

Her W-2 shows the following:

Wages $ 45,300
Federal withholding 4,983
Social security wages 45,300
Social security withholding 2,809
Medicare withholding 657
State withholding 2,265
Other income:
1099-INT Old Bank 2,300
1099-DIV Bake Co., Inc.Ordinary dividends 3,100
Qualified dividends 3,100

Cassandra had the following itemized deductions:

State income tax withholding $ 2,265
State income tax paid with the 2018 return 350
Real estate tax 3,450
Mortgage interest 12,300

Line 10. Qualified Business income deduction???

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

Step: 3

blur-text-image

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

Computers In Medical Audit A Guide Commissioned By The West Midlands Regional Health Authority

Authors: R. Tyndall, Michael Rigby, Anne McBride, Chris Shiels

2nd Edition

1853151777, 978-1853151774

More Books

Students also viewed these Accounting questions