ASSIGNMENT ID
321038
SUBJECT AREA Accounting
DOCUMENT TYPE Coursework
CREATED ON 3rd December 2017
COMPLETED ON 3rd December 2017
PRICE
$40
15 OFFERS RECEIVED.
Expert hired: cyruses

Federal Taxation: Mod 2: Exemptions & Deductions OP1

Part 1: Using the following information for tax year 2017, determine if each of the individuals could qualify as: QR = Possible Qualified Relative QC = Possible Qualified Child B = Both N = Neither Here are the individuals that you are to test Taxpayer’s son has gross income of $7,000. Taxpayer’s niece has gross income of $3,000. Taxpayer’s uncle lives with him. Taxpayer’s daughter is age 25 and disabled. Taxpayer’s daughter is age 18 but does not live with him. Her gross income is $8,000. Taxpayer’s cousin does not live with her. Taxpayer’s brother does not live with her. Taxpayer’s sister lives with him. She is age 20 and has dropped out of school. Taxpayer’s older nephew is age 23 and a full-time student. Taxpayer’s grandson lives with her. His gross income is $7,000. Part 2: Determine the amount of standard deduction for tax year 2017. Curtis, age 18, has income as follows: $700 interest from a certificate of deposit and $6,000 from repairing cars. Mattie, age 18, has income as follows: $600 cash dividends from a stock investment and $4,700 from handling a paper route. Mel, age 16, has income as follows: $800 interest on a bank savings account and $700 for painting a neighbor’s fence. Lucy, age 15, has income as follows: $400 cash dividends from a stock investment and $500 from grooming pets. Sarah, age 67 and a widow, has income as follows: $500 from a bank savings account and $3,200 from babysitting. Requirements: Clearly identify the requirements being addressed. Show all calculations within the cells of the provided Excel spreadsheet. This means that you must use formulas and links so that the thought process can be examined. Make good use of comments to convey your thought process as well. No hard coding of solutions. Submit a single MS Excel file for grading. Review the grading rubric to understand how you will be graded on this assignment. Reach out to your instructor if you have questions about the assignment.
This project has already been completed on Studybay
On Studybay you can order your academic assignment from one of our 45000 project experts. Hire your expert directly, without overpaying for agencies and affiliates!
Check the price for your project

See other similar orders

Studybay assignment progress timeline

Studybay is a freelance platform where you can order a Federal Taxation: Mod 2: Exemptions & Deductions OP1 paper, written from scratch by professors and tutors.
03 December 2017
User created a project for Accounting
03 December 2017
15 experts responded
03 December 2017
User contacted expert cyruses
03 December 2017
User hired expert cyruses who offered a price of $40 for the project and has experience doing similar projects
03 December 2017
The expert completed the project Federal Taxation: Mod 2: Exemptions & Deductions OP1 for 1 day, meeting the deadline
03 December 2017
User accepted the project right away and completed the payment
03 December 2017
User left a positive review

Other projects in this subject area

Random blog posts

The necessity of being cautions with an essay writing website
Well, you’ve made up your mind to hire someone to write your essays as well as other writing assignments. You might have taken this decision due to a variety of reasons, but anyway you’re cheating your tutors in this case. Do you fully understand all risks of opting for custom essay writing services? Indeed, at the first sight any website that writes essays can offer you tons of obvious benefits: Custom essays are properly structured and professionally written. Moreover, very often they’re completed by college professors. Custom essays are quite affordable. However, once you find out why, you’ll have an obvious reason to worry. Custom essays can really save your precious time. As a busy student, you might have not free time to complete all tasks you’ve been given. Custom essays can even help you to understand the very nature of a professionally written paper.