2023 Dr Walter Johnson Dr Johnson age 52 was divorced in 2008 Children Charles Johnson age 14 | Assignments Online
2023 Dr Walter Johnson Dr Johnson age 52 was divorced in 2008 Children Charles Johnson age 14 | Assignments Online
Assignments Online 2023 Business & Finance
Dr. Walter Johnson
Dr. Johnson, age 52, was divorced in 2008.
Children: Charles Johnson, age 14, is in the custody of Dr. Johnson’s ex- wife.
Dr. Johnson is employed as a staff doctor at St. George Hospital; he is an active participant in the hospital pension plan.
Dr. Johnson assembled the following information for calculation of his tax liability.
Income
Salary: $250,000
Interest income from taxable money market fund: $2,600
Qualified dividend income: $6,500
Municipal bond interest income: $14,000
Short-term capital gain income: $4,000
Expenses
IRA contribution: $6,500
Alimony payment: $24,000
State and local income taxes: $10,500
Real estate taxes: $4,800
Sales tax on motor vehicle purchase: $2,500
General sales tax: $400
Home mortgage interest: $17,600
Credit card and automobile loan interest: $10,400
Unreimbursed employee business expenses: $1,790
1. What is Dr. Johnson’s adjusted gross income?
2. What is Dr. Johnson’s taxable income?
3. What is Dr. Johnson’s total tax due?
4. Describe the fundamental methods that Dr. Johnson has used to manage his tax liability effectively.
Assignmentsonline.org help students to solve their assignment in the best possible manner. In the assignment help industry, we are regarded as one of the best helpers for students’ tasks in all subjects. We provide solutions to students from all corners of the world, but the main focus is from students residing in the US, UK, and Australia. Our primary focus is solving student assignments for all subjects and streams.
Place Order NOw
Assignment online is a team of top-class experts whose only goal is to give you the best assignment help service. Follow the link below to order now...
#write essay #research paper
