Question: I need help and please don't take a long time, and I but all the information you need. thanks 20 Part1 of4 0.6 points a

I need help and please don't take a long time, and I but all the information you need.

thanks

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20 Part1 of4 0.6 points a Required information [The following information applies to the questions displayed below. ] Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2022: Note: Loss amounts should be indicated by a minus sign. Amount stock Date Purchased Basis Date Sold Realized Stock A 1/23/1998 $ 8,450 7/22/2022 $ 5,460 Stock B 4/10/2022 16,400 9/13/2022 20,410 Stock C 8/23/2020 13,750 10/12/2022 19,380 Stock D 5/19/2012 6,190 10/12/2022 14,200 Stock E 8/20/2022 8,140 11/14/2022 4,100 a. What is Grayson's net short-term capital gain or loss from these transactions? 21 Part2 of4 0.6 points \\ Required information [T he following information applies to the questions displayed belo w.] Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2022: Note: Loss amounts should be indicated by a minus sign. Amount stock Date Purchased Basis Date sold Realized Stock A 1/23/1998 $ 8,450 7/22/2022 $ 5,460 Stock 13 4/10/2022 16,400 9/13/2022 20,410 Stock C 8/23/2020 13,750 10/12/2022 19,380 Stock D 5/19/2012 6,190 10/12/2022 14,200 Stock E 8/20/2022 8,140 11/14/2022 4,100 b. What is Grayson's net long-term gain or loss from these transactions? 2 2 Required information [The following information applies to the questions displayed below. J Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2022: Part3of4 _ Note. Loss amounts should be indicated by a minus sign. Amount 05 stock Date Purchased Basis Date Sold Realized points Stock A 1/23/1999 3 8,450 7/22/2022 5 5,460 Stock B 4/10/2022 16,400 9/13/2022 20,410 Stock c 0/23/2020 13,750 10/12/2022 19,380 Stock D 5/19/2012 6,190 10/12/2022 14,200 Stock E 8/20/2022 8,140 11/14/2022 4,100 c. What is Grayson's overall net gain or loss from these transactions? 13 0.6 points Jeremy and Alyssa Johnson have been married for ve years and do not have any children. Jeremy was married previously and has one child from the prior marriage. He is self-employed and operates his own computer repair store. For the rst two months of the year, Alyssa worked for Ofce Depot as an employee. In March, Alyssa accepted a newjob with Super Toys Incorporated (ST), where she worked for the remainder of the year. This year, the Johnsons received $265,000 of gross income. a. Expenses associated with Jeremy's store include $42,500 in salary (and employment taxes) to employees, $48,000 of supplies, and $19,000 in rent and other administrative expenses. b. As a salesperson, Alyssa incurred $2,100 in travel expenses related to her employment that were not reimbursed by her employer. c. The Johnsons own a piece of raw land held as an investment. They paid $600 of real property taxes on the property and they incurred $250 of expenses in travel costs to see the property and to evaluate other similar potential investment properties. d. The Johnsons own a rental home. They incurred $8,600 of expenses associated with the property. e. Jeremy paid $4,600 for health insurance coverage for himself (not through an exchange). Alyssa was covered by health plans provided by her employer, but Jeremy is not eligible for the plan until next year. f. Jeremy paid $2,600 in self-employment taxes ($1,300 represents the employer portion of the self-employment taxes). 9. Jeremy paid $5,200 in alimony and $3,150 in child support from his prior marriage (divorce decree executed in 2010). h. The Johnsons donated $2,100 to their favorite charity. Determine the Johnson's AGI for 2022 given the above information. _:| 7 0.6 points Skipped Charlie was hired by Ajax this year as a corporate executive and a member of the board of directors. During the current year, Charlie received the following payments or benets paid on his behalf. Salary payments $ 129,000 Contributions to qualified pension plan 14,900 Qualified health insurance premiums 9,300 Year-end bonus 21,300 Annual director's fee 15,500 Groupterm life insurance premiums (face value $40,000) 1,085 Whole life insurance premiums (face value $100,000) 1,670 Disability insurance premiums (no election to treat as taxable benefit) 6,220 Required: a. Charlie uses the cash method and calendar year for tax purposes. Calculate Charlie's gross income for the current year. b. Suppose that Ajax agrees to pay Charlie an additional $175,000 once Charlie completes ve years of employment. Will this agreement alter Charlie's gross income this year relative to your part (a) answer? c. Suppose that in exchange for his promise to remain with the rm for the next four years, Ajax paid Charlie four years of director's fees in advance, Will this arrangement alter Charlie's gross income this year relative to your part (a) answer? cl. Assume that in lieu of a year-end bonus Ajax transferred 910 shares of Bell stock to Charlie as compensation. Further assume that the stock was listed at $16 per share and Charlie would sell the shares by year-end, at which time he expected the price to be $18 per share. What would be the value of compensation and gain on sale which would be included in Charlie's gross income? e. Suppose that in lieu of a yearend bonus Ajax made Charlie's house payments (a total of $30,800). What would be the value of house payments which would be included in Charlie's gross income? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E 3. Charlie uses the cash method and calendar year for tax purposes. Calculate Charlie's gross income for the current year. b. Suppose that Ajax agrees to pay Charlie an additional $175,000 once Charlie completes ve years of employment. Will this agreement alter Charlie's gross income this year relative to your part (a) answer? c. Suppose that in exchange for his promise to remain with the firm for the next four years, Ajax paid Charlie four years of director's fees in advance. Will this arrangement alter Charlie's gross income this year relative to your part (a) answer? 0.6 points d. Assume that in lieu ofa year-end bonus Ajax transferred 910 shares of Bell stock to Charlie as compensation. Further assume that the stock was listed at $16 per share and Charlie would sell the shares by year-end, at which time he expected the price to be $18 Skipped per share. What would be the value of compensation and gain on sale which would be included in Charlie's gross income? e. Suppose that in lieu of a year-end bonus Ajax made Charlie's house payments (a total of $30,800). What would be the value of house payments which would be included in Charlie's gross income? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Charlie uses the cash method and calendar year for tax purposes. Calculate Charlie's gross income for the current year. Required B > 0.6 points Skipped a. Charlie uses the cash method and calendar year for tax purposes. Calculate Charlie's gross income for the current year. b. Suppose that Ajax agrees to pay Charlie an additional $175,000 once Charlie completes ve years of employment Will this agreement alter Charlie's gross income this year relative to your part (a) answer? c. Suppose that in exchange for his promise to remain with the firm for the next four years, Ajax paid Charlie four years of director's fees in advance. Will this arrangement alter Charlie's gross income this year relative to your part (a) answer? d. Assume that in lieu ofa year-end bonus Ajax transferred 910 shares of Bell stock to Charlie as compensation. Further assume that the stock was listed at $16 per share and Charlie would sell the shares by year-end, at which time he expected the price to be $18 per share. What would be the value of compensation and gain on sale which would be included in Charlie's gross income? e. Suppose that in lieu of a year-end bonus Ajax made Charlie's house payments (a total of $30,800). What would be the value of house payments which would be included in Charlie's gross income? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Suppose that Ajax agrees to pay Charlie an additional $175,000 once Charlie completes five years of employment. Will this agreement alter Charlie's gross income this year relative to your part (a) answer? Ch55-8 Extra Credit 0 Saved He", a. Charlie uses the cash method and calendar year for tax purposes. Calculate Charlie's gross income for the current year. b. Suppose that Ajax agrees to pay Charlie an additional $175,000 once Charlie completes ve years of employment. Will this agreement alter Charlie's gross income this year relative to your part (3) answer? c. Suppose that in exchange for his promise to remain with the rm for the next four years, Ajax paid Charlie four years of director's fees in advance. Will this arrangement alter Charlie's gross income this year relative to your part (a) answer? 0.6 points d. Assume that in lieu of a year-end bonus Ajax transferred 910 shares of Bell stock to Charlie as compensation. Further assume that the stock was listed at $16 per share and Charlie would sell the shares by year-end, at which time he expected the price to be $18 Sklpped per share. What would be the value of compensation and gain on sale which would be included in Charlie's gross income? e. Suppose that in lieu of a year-end bonus Ajax made Charlie's house payments (a total of $30,800). What would be the value of house payments which would be included in Charlie's gross income? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Suppose that in exchange for his promise to remain with the rm for the next four years, Ajax paid Charlie four years of director's fees in advance. Will this arrangement alter Charlie's gross income this year relative to your part (a) answer? Save l tees In advance. WIII InlS arrangement alter Lnarlle'S gross Income IrilS year relative to your part (a) answer! d. Assume that in lieu of a year-end bonus Ajax transferred 910 shares of Bell stock to Charlie as compensation. Further assume that the stock was listed at $16 per share and Charlie would sell the shares by year-end, at which time he expected the price to be $18 per share. What would be the value of compensation and gain on sale which would be included in Charlie's gross income? e. Suppose that in lieu of a year-end bonus Ajax made Charlie's house payments (a total of $30,800). What would be the value of 0.6 house payments which would be included in Charlie's gross income? points Skipped Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Assume that in lieu of a year-end bonus Ajax transferred 910 shares of Bell stock to Charlie as compensation. Further assume that the stock was listed at $16 per share and Charlie would sell the shares by year-end, at which time he expected the price to be $18 per share. What would be the value of compensation and gain on sale which would be included in Charlie's gross income? Show IessA Value of compensation Gain on sale

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