Sharon is single, lives in Idaho, and has adjusted gross income of $21,150 for 2018. Sharon deducts state income tax rather than state sales tax. The tax withheld from her salary for state income taxes is $1,050, and in May of 2018, she received a $225 refund on her state income tax return for the prior year. Sharon paid real estate taxes on her house of $825 for the year and an automobile registration fee of $110, of which $25 is based on the weight of the automobile and the balance on the value of the property.
Use the Taxes You Paid section of Schedule A to report Sharon's deduction for state and local taxes.

Fess receives wages totaling $74,500 and has net earnings from self-employment amounting to $71,300. in determining her taxable self-employment income for the oasdi tax, how much of her net self-employment earnings must fess count? a. $74,500 b. $71,300 c. $53,900 d. $127,200 e. none of the above.

Which of the following statements about the relationship between economic costs and accounting costs is true? multiple choice accounting costs are equal to or greater than economic costs. accounting costs must always equal economic costs. accounting costs are always greater than economic costs. accounting costs are always less than or equal to economic costs.

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?