Taxation

Materials And Labor Finance Assignment Help With Solution   You have sales of $250,000 and cost of goods sold (materials and labor) comes to $155,000. Assuming no other income or expenses:   a.​what is your tax bill? b.​what is the marginal rate? c.​what is the average rate?   The problem above continues. In addition to the above, you have posted $...

Fringe Benefit Taxation Assignment Help With Solution   Exercise 1 Brick & Tile Ltd is a building outfit. Their IRD number is 35-901-222. The company files FBT returns on a quarterly basis and elects to pay fringe benefit tax at a single rate of 49.25% on all benefits.   Brick & Tile Ltd had the following transactions during the quarter ended 31 Decembe...

Claire Thomas Taxation Assignment Help With Solution   In Canada, Claire Thomas has a nationalized health care system in which everyone has coverage. She never has to worry about what she can't afford and is willing to pay the necessary taxes to keep this system afloat. She also doesn't mind the several week waiting period to obtain certain elective procedures. &nbsp...

Mark and Lori's Taxation Assignment Help With Solution   Mark Moore, 48, Social Security Number 123-45-6789, is a self-employed architect. His gross income is $201,000. In 2014, he paid estimated taxes of $33,000. His wife, Lori, 45, Social Security Number 123-48-9012, is an elementary school teacher. Her W-2 earnings were $46,000. She had $6,050 withheld in feder...

Taxation Help 03   Question One   Basic Fact Pattern   Evelyn, 35, and Arthur, 36, are married with two children and file a joint tax return for the year 2015. Evelyn has earned income of $15,000 and Arthur has earned income of $106,000. The remaining sources of their adjusted income is unearned and made up of interest and dividend income of $19,000. This a...

Taxation Help 02 Q1. Discuss the implications of an automobile that is used in a trade or business and has a gross vehicle weight GVW exceeding 6,000 pounds   Q2. Jose purchased a house for $300,000 in 2011. He used the house as his personal residence. In March 2014, when the fair market value of the house was $400,000 he converted the house to rental property. What is ...

Federal Corporate Tax Return Assignment Homework Help with Solutions Corporate Tax Return The completion of a Federal corporate tax return, the 2015 return for the MPC Corporation. The return involves the third year of operations of MPC Corporation. MPC is a C Corporation. You may prepare the tax return using tax software or use the IRS’s “fill-in” forms. The forms may b...