Asok's AGI for 2013 is $133,050. Included in this AGI is a $45,000 25% long-term capital gain
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
Asoks taxable income is 123050 133050 AGI 6100 standard deduction 3900 personal exempti...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
South Western Federal Taxation 2014 Comprehensive Volume
ISBN: 9781285180922
37th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
Question Posted:
Students also viewed these Business Law questions
-
Dawn, a single, cash-method taxpayer, paid the following taxes in 2013: Dawn's employer withheld $5,400 for federal income taxes, $2,000 for state income taxes, and $3,800 for FICA from her 2013...
-
Jack and Katie have five grandchildren, ages 19, 16, 15, 12, and 10. They have established Coverdell Education Savings Accounts (CESA) for each of the grandchildren and would like to contribute the...
-
Asoks AGI for 2017 is $133,050. Included in this AGI is a $45,000 25% long-term capital gain and a $13,000 0%/ 15%/ 20% long-term capital gain. Asok is single, uses the standard deduction, and has...
-
When a cosmetic manufacturer tests the market to determine how many women will buy eyeliner that has been tested for safety without subjecting animals to injury, is it involved in a descriptive...
-
In January 2007 Cordova Company entered into a contract to acquire a new machine for its factory. The machine, which has a cash price of $215,000, was paid for as follows: Down payment...
-
Arbitrators As a client of a brokerage firm, Howsam invested in four limited partnerships. These investments were made between 1986 and 1994. The client agreement signed by Howsam required all...
-
A university pumps its water from wells located on campus. The falling water table has caused pumping costs to increase, the quantity of water available to decrease, and the quality of water to...
-
Nova Companys total overhead costs at various levels of activity are presented below: Assume that the total overhead cost above consists of utilities, supervisory salaries, and maintenance. The...
-
ces Direct labor-hours Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour 35,000 Department Molding...
-
The mechanism shown in the figure below rotates about the vertical axis. The collar has mass m =2.9 kg. The spring has an unstretched length of 660 mm and the spring constant is k =150 N/m. The...
-
For 2013, Wilma has properly determined taxable income of $36,000, including $3,000 of unrecaptured 1250 gain and $8,200 of 0%/15%/20% gain. Wilma qualifies for head-of-household filing status....
-
Gray, Inc., a C corporation, has taxable income from operations of $1,452,000 for 2013. It also has a net long-term capital loss of $355,000 from the sale of a subsidiary's stock. The year 2013 is...
-
Which legal system decides cases by interpreting the law based on tradition, precedent, and usage?
-
An amortized loan of $5000 will be repaid monthly for four years, The nominal interest rate is seven percent. The interest will be compounded continuously. What is the monthly payment?
-
You are a policy maker and you are given a proposal to add a rental price ceiling of C on the rental price of apartments in DC. Define price ceiling. Show the initial equilibrium price and quantity...
-
You arrive into a building and are about to take an elevator to the your floor. Once you call the elevator, it will take between 0 and 40 seconds to arrive to you. We will assume that the elevator...
-
How did the Supreme Court ruling in the Susan Kelo et al., Petitioners, v. City of New London, Connecticut, et al. (Kelo) case influence the government's ability to exercise eminent domain?
-
As a mechatronic engineer, you have been asked to prepare a study of the requirements for designing a humanoid robot system to carry out repetitive tasks. The proposed system has a mobile robot, two...
-
A 1-kg object has a potential energy of 1 J relative to the ground when it is at a height of a. 0.102 m b. 1 m c. 9.8 m d. 98 m
-
Which internal control principle is especially diffi cult for small organizations to implement? Why?
-
Debra acquired the following new assets during 2016: Determine Debra's cost recovery deductions for the current year. Debra does not elect immediate expensing under § 179. She does not claim any...
-
Janice acquired an apartment building on June 4, 2016, for $1.6 million. The value of the land is $300,000. Janice sold the apartment building on November 29, 2022. a. Determine Janice's cost...
-
Janice acquired an apartment building on June 4, 2016, for $1.6 million. The value of the land is $300,000. Janice sold the apartment building on November 29, 2022. a. Determine Janice's cost...
-
3) Find at least 3 syntax errors in the following program. Circle each error's location, and write a few words describing the error, next to your circle: // Silly test example program with syntax...
-
Write a program named PointToPointDistance that reads in the x- and y- coordinates of two points and prints their distance from each other. There are no prompts or output labels. So, if the input was...
-
Let P(x | C;) ~ N(;, ) for a two-category, one-dimensional classification problem with classes C1 and C2, P(C) = P(C2) = 1/2, and > . (a) Find the Bayes optimal decision boundary and the...
Study smarter with the SolutionInn App