Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

With Emphasis on Schedule C Shelly Beaman (social security number 412-34-5670) is single and resides at 540 Front Street, Ashland, NC 27898. Shelly's W-2 wages

image text in transcribedimage text in transcribedimage text in transcribed

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

With Emphasis on Schedule C Shelly Beaman (social security number 412-34-5670) is single and resides at 540 Front Street, Ashland, NC 27898. Shelly's W-2 wages Federal withholding Social security wages Social security withholding Medicare withholding State withholding $55,800 0.044 55,800 3.460 809 3.348 532 099-INT New Bank 1099-DIV XYZ. Inc. Ordinary dividends Qualified dividends 258 258 Shelly had the following itemized deductions: State income tax withholding (from W-2) State income tax paid with 2015 retum Real estate tax Mortgage interest Charitable contibutions 3.348 600 4.200 11,800 2,500 Shelly also started her own home design consulting business in March 2016. The results of her business operations for 2016 follow With Emphasis on Schedule C Shelly Beaman (social security number 412-34-5670) is single and resides at 540 Front Street, Ashland, NC 27898. Shelly's W-2 wages Federal withholding Social security wages Social security withholding Medicare withholding State withholding $55,800 0.044 55,800 3.460 809 3.348 532 099-INT New Bank 1099-DIV XYZ. Inc. Ordinary dividends Qualified dividends 258 258 Shelly had the following itemized deductions: State income tax withholding (from W-2) State income tax paid with 2015 retum Real estate tax Mortgage interest Charitable contibutions 3.348 600 4.200 11,800 2,500 Shelly also started her own home design consulting business in March 2016. The results of her business operations for 2016 follow

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

Intermediate Accounting Volume 1

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

17th Edition

1119613698, 978-1119613695

More Books

Students also viewed these Accounting questions