Business, 26.05.2021 01:00 supermkimbrel

Byron and jeanne are married and have filled joint tax return since 2002.they have two school age children who lived with them all year. In 2019, Byron and jeanne had the following income and expenses: * wages $300,000
*interest from NYS bonds $2,500
Interest on savings account $1250
Stock dividend (no cash op0tion/FMV on date received) $5,750
Longterm capital gain $29,000
Short term capital loss $15,000
Section 1244 loss $120,000
Medical expanses (subject to a 10%)floor $18,000
Insurance reimbursement for medical expanses $6000
• Donation of LTCG property to charitable organization
Adjusted basis $100,000.
Fair market value $123,00

Cash on their church $45,000

Ignore the exemption deduction and assuming the limitation for charitable donation are 50%, 30% , or 20% . determine Byron and Jeanne’s Taxable for 2019

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 16:30

ernst's electrical has a bond issue outstanding with ten years to maturity. these bonds have a $1,000 face value, a 5 percent coupon, and pay interest semiminusannually. the bonds are currently quoted at 96 percent of face value. what is ernst's pretax cost of debt?

Answers: 1

Answer

Business, 23.06.2019 00:00

Asap! the following information is given for tripp company which uses the indirect method.

Answers: 1

Answer

Business, 23.06.2019 01:00

Bob, an employee at machina corp., is well known among his colleagues because of his temper and impatience. during a heated argument with one of his supervisors, he reacts with hostility. bob's manager calls him in for a discussion and listens to what he has to say about the incident, while treating him with dignity and respect. this scenario can be best categorized as one that used

Answers: 3

Answer

Business, 23.06.2019 10:20

Global tek plans on increasing its annual dividend by 15 percent a year for the next four years and then decreasing the growth rate to 2.5 percent per year. the company just paid its annual dividend in the amount of $.20 per share. what is the current value of one share of this stock if the required rate of return is 17.4 percent? $1.82 $218 $2.03 $2.71 $3.05

Answers: 1

Answer

You know the right answer?

Byron and jeanne are married and have filled joint tax return since 2002.they have two school age ch...

Questions