In 2017, Simon, age 12, has interest income of $800 and dividend income of $4,000. He has
Question:
In 2017, Simon, age 12, has interest income of $800 and dividend income of $4,000. He has no investment expenses. His parents have taxable income of $80,200 and file a joint tax return. Assume that no parental election is made. Determine Simon’s net unearned income, allocable parental tax, and total tax liability.
DividendA dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (6 reviews)
In 2017 net unearned income of a dependent child is computed as follows Unearned income Less 1050 Le...View the full answer
Answered By
Nicholas Maina
Throughout my tutoring journey, I've amassed a wealth of hands-on experience and honed a diverse set of skills that enable me to guide students towards mastering complex subjects. My proficiency as a tutor rests on several key pillars:
1. Subject Mastery:
With a comprehensive understanding of a wide range of subjects spanning mathematics, science, humanities, and more, I can adeptly explain intricate concepts and break them down into digestible chunks. My proficiency extends to offering real-world applications, ensuring students grasp the practical relevance of their studies.
2. Individualized Guidance:
Recognizing that every student learns differently, I tailor my approach to accommodate various learning styles and paces. Through personalized interactions, I identify a student's strengths and areas for improvement, allowing me to craft targeted lessons that foster a deeper understanding of the material.
3. Problem-Solving Facilitation:
I excel in guiding students through problem-solving processes and encouraging critical thinking and analytical skills. By walking learners through step-by-step solutions and addressing their questions in a coherent manner, I empower them to approach challenges with confidence.
4. Effective Communication:
My tutoring proficiency is founded on clear and concise communication. I have the ability to convey complex ideas in an accessible manner, fostering a strong student-tutor rapport that encourages open dialogue and fruitful discussions.
5. Adaptability and Patience:
Tutoring is a dynamic process, and I have cultivated adaptability and patience to cater to evolving learning needs. I remain patient through difficulties, adjusting my teaching methods as necessary to ensure that students overcome obstacles and achieve their goals.
6. Interactive Learning:
Interactive learning lies at the heart of my approach. By engaging students in discussions, brainstorming sessions, and interactive exercises, I foster a stimulating learning environment that encourages active participation and long-term retention.
7. Continuous Improvement:
My dedication to being an effective tutor is a journey of continuous improvement. I regularly seek feedback and stay updated on educational methodologies, integrating new insights to refine my tutoring techniques and provide an even more enriching learning experience.
In essence, my hands-on experience as a tutor equips me with the tools to facilitate comprehensive understanding, critical thinking, and academic success. I am committed to helping students realize their full potential and fostering a passion for lifelong learning.
4.90+
5+ Reviews
16+ Question Solved
Related Book For
South Western Federal Taxation Individual Income Taxes 2018
ISBN: 9781337385893
41st Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen
Question Posted:
Students also viewed these Business questions
-
In 2016, Simon, age 12, has interest income of $800 and dividend income of $4,000. He has no investment expenses. His parents have taxable income of $80,200 and file a joint tax return. Assume that...
-
In 2018, Simon, age 12, has interest income of $4,800 and no earned income. He has no investment expenses. Determine Simon's net unearned income and total tax liability.
-
Janice Morgan, age 32, is single and has no dependents. She is a freelance writer. In January 2012, Janice opened her own office located at 2751 Waldham Road, Pleasant Hill, NM 88135. She called her...
-
The Louisiana Grill The Louisiana Grill (TLG) is a restaurant in Toronto. TLG is a regional restaurant created and operated by Alex Ven- tresca, a former football player from New Orleans. The company...
-
Consider the universe of all subsets of the set A = {a, b, c}. Let the variables x and y denote subsets of A. Find the truth value of each of the statements, and explain your answer. If the statement...
-
The amino acid alanine has the condensed structural formula shown here: Determine the VSEPR geometry about each internal atom and make a three-dimensional sketch of the molecule. NH,CH(CH3)COOH
-
Why is knowledge of incoterms important to importers and exporters? LO.1
-
George Liu, the CEO of Penn Schumann, was a creature of habit. Every month he and Jennifer Rodriguez, the company's chief financial officer, met for lunch and an informal chat at Pierre's. Nothing...
-
Ortman Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 6.6 liters $11.00 per liter Direct labor 1.0 hours $16.00 per...
-
Suppose the following items were taken from the December 31, 2017, assets section of the Concord Corporation balance sheet. (All dollarsa are in millions) Inventory $17,210 Patents $11.400 Notes...
-
Comment on the availability of head-of-household filing status for 2017 in each of the following independent situations: a. Taxpayer lives alone but maintains the household of his parents. In July...
-
For tax year 2017, determine the number of personal and dependency exemptions in each of the following independent situations: a. Leo and Amanda (ages 48 and 46, respectively) are husband and wife...
-
What does 4/15, net 30 mean?
-
Design an arithmetic circuit with two selection variables S 1 and S 0 and two n- bit data inputs A and B. The circuit generates the following eight arithmetic operations in conjunction with carry C...
-
Larrys Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from orders for various local teams and organizations. While Larrys prints...
-
Pecos Pecan Pads makes pressed pecan wood covers to prevent weed growth. During July 2009, the company produced and sold 44,000 rolls and recorded the following cost data: Requirements 1. Compute the...
-
The Human Resources departments costs are allocated to the other departments based on the number of direct labor hours. The departments expected fixed costs are 400,000 and its variable costs are...
-
A lawyer allocates overhead costs based on her hours working with different clients. The lawyer expects to have \($200,000\) in overhead during the year and expects to work on clients cases 2,000...
-
Find the first partial derivatives of the following functions. f(x, y, z)= ex+2y+3z
-
Reichenbach Co., organized in 2018, has set up a single account for all intangible assets. The following summary discloses the debit entries that have been recorded during 2018 and 2019. Instructions...
-
Heather wants to invest $40,000 in a relatively safe venture and has discovered two alternatives that would produce the following ordinary income and loss over the next three years: She is interested...
-
Emily has $100,000 that she wants to invest and is considering the following two options: Option A: Investment in Redbird Mutual Fund, which is expected to produce interest income of $8,000 per...
-
If a taxpayer sells property for cash, the amount realized consists of the net proceeds from the sale. For each of the following, indicate the effect on the amount realized: a. The property is sold...
-
Show that the convexity for a zero coupon bond with m payments per year is (m) n(n + -)(1+ m m
-
Abdul Canarte , a Central Bank economist, noticed that the total group purchasing basket of goods (CPI) has gone from $149,740.00 to $344,460.00 in 8 years. With monthly compounding, what is the...
-
ABC Corporation expects sales next year to be $50,000,000. Inventory and accounts receivable (combined) will increase $8,000,000 to accommodate this sales level. The company has a profit margin of 6...
Study smarter with the SolutionInn App