Emails us- support@assignmnetanswers.com. Call US

Assignment help 5879

please help with this question

Married Couple and 2 children 16 and 17

Husband earns                      $75,000 (and withholds tax of $10,000)

Wife earns teaching               $45,000 (and withholds tax of $6,000)

In the summer, the wife runs a summer camp program and has the following items:

Income                           $12,000

Expenses:

Marketing                   1,500

Contract labor            2,500

Equipment                  14,000 (bought in May and used 100% in business)

Contract labor            2,000

Interest Income CDS 3,000

Mortgage Interest      10,000

Property Taxes           5,000

Medical                      14,000

Business expense       2,000 (Non-Reimbursed husband job)

They will file married filing jointly. Take only MACRS depreciation on the equipment

but do not elect to expense under 179. Please show your work.    

Compute their business income and their taxable income.

e. Compute their tax liability.

Solution:

15% off for this assignment.

Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!

Why US?

100% Confidentiality

Information about customers is confidential and never disclosed to third parties.

Timely Delivery

No missed deadlines – 97% of assignments are completed in time.

Original Writing

We complete all papers from scratch. You can get a plagiarism report.

Money Back

If you are convinced that our writer has not followed your requirements, feel free to ask for a refund.