# ACCT 553 Week 1 Homework

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ACCT 553 Week 1 Homework Purchase here http://chosecourses.com/ACCT%20553/acct-553-week-1-homework Product Description 3-31. Tom and Linda are married taxpayers who file a joint return. They have itemized deductions of \$12,250 and four exemptions. Assuming an adjusted gross income of \$40,000, what is their taxable income for 2012? 3-32. Compute Marie's taxable income for 2012, assuming she is single and claims two dependent children. Her adjusted gross income is \$70,000, and she has itemized deductions of \$9,000. 3-36. Compute Stanley's taxable income for 2012, assuming he has \$1,000 in wages from working in a grocery store and \$2,000 in interest income from some bonds he owns. Stanley, age 16, is claimed as a dependent on his parents' return. 13-55. Mr. Z, a non-dealer, sold assets on an installment plan. Determine Mr. Z's gross income for 2012. Relevant data include: 13-69. Comprehensive Problem. Bill is a cash-basis, calendar-year taxpayer. Which of the following December items result in gross income or deductions for the current year?

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ACCT 553 Week 1 Homework Purchase here http://chosecourses.com/ACCT%20553/acct-553-week-1-homework Product Description 3-31. Tom and Linda are married taxpayers who file a joint return. They have itemized deductions of \$12,250 and four exemptions. Assuming an adjusted gross income of \$40,000, what is their taxable income for 2012? 3-32. Compute Marie's taxable income for 2012, assuming she is single and claims two dependent children. Her adjusted gross income is \$70,000, and she has itemized deductions of \$9,000. 3-36. Compute Stanley's taxable income for 2012, assuming he has \$1,000 in wages from working in a grocery store and \$2,000 in interest income from some bonds he owns. Stanley, age 16, is claimed as a dependent on his parents' return. 13-55. Mr. Z, a non-dealer, sold assets on an installment plan. Determine Mr. Z's gross income for 2012. Relevant data include: 13-69. Comprehensive Problem. Bill is a cash-basis, calendar-year taxpayer. Which of the following December items result in gross income or deductions for the current year?

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