subject
Business, 26.11.2019 05:31 anamatiascamaja

Complete the 2017 federal income tax return for sarah hamblin. be sure to include only required tax forms when completing the tax return. for purposes of this assignment, unless instructed otherwise, you do not need to attach form 8582. also, ignore the requirement to attach the form(s) w-2 to the front page of the form 1040. if required information is missing, use reasonable assumptions to fill in the gaps.

sarah hamblin and her now ex-husband kevin were legally divorced on march 1, 2017. as of the end of the year, sarah was unmarried. sarah and kevin had only one child, an 11 year old girl named elizabeth. as part of the divorce decree, sarah was given custody of elizabeth and kevin was required to pay 1) child support for elizabeth’s care, and 2) alimony to sarah until she remarries or dies. because kevin will be making child support payments, the divorce decree provided that kevin will be permitted to claim the tax dependency exemption for elizabeth until elizabeth no longer qualifies as a tax dependent of either parent and the decree obligates sarah to sign and/or file any required forms to cause this result to occur.

sarah rents a home (separate from kevin) that she pays for herself. elizabeth lives with sarah most of the time but she visits and stays with her father every other weekend and most holidays. during the year, elizabeth stayed at kevin’s house a total of 74 nights.

sarah provided the following information for 2016:

• sarah’s social security number is 123-43-4321

• elizabeth’s social security number is 123-34-1234

• sarah’s mailing address is 1245 rose petal drive, madison, wisconsin 53562

ansver
Answers: 3

Another question on Business

question
Business, 23.06.2019 08:30
The kamp family has twins, rob and rachel. both rob and rachel graduated from college 2 years ago, and each is now earning $50,000 per year. rachel works in the retail industry, where the mean salary for executives with less than 5 years' experience is $35,000 with a standard deviation of $8,000. rob is an engineer. the mean salary for engineers with less than 5 years' experience is $60,000 with a standard deviation of $5,000.
Answers: 3
question
Business, 23.06.2019 10:40
what is your question? 1 high schoolbusiness 5 points imagine that you have won $100 in the state lottery. you have a choice between spending the money on shopping now or putting it away in a savings account for one year. you decide to spend the money now on shopping. thus, you will lose the interest that you could have earned by saving the money. the lost interest is cost of spending money now.
Answers: 3
question
Business, 23.06.2019 15:30
In its first year of operations, sunland company recognized $30,000 in service revenue, $8,100 of which was on account and still outstanding at year-end. the remaining $21,900 was received in cash from customers. the company incurred operating expenses of $18,600. of these expenses, $12,880 were paid in cash; $5,720 was still owed on account at year-end. in addition, sunland prepaid $3,270 for insurance coverage that would not be used until the second year of operations. (a) calculate the first year's net earnings under the cash basis of accounting, and the first year's net earnings under the accrual basis of accounting.
Answers: 2
question
Business, 23.06.2019 19:00
The following selected circumstances relate to pending lawsuits for erismus, inc. erismus’s fiscal year ends on december 31. financial statements are issued in march 2019. erismus prepares its financial statements according to ifrs. required: indicate the amount erismus would record as an asset, liability, or not accrued in the following circumstances. 1. erismus is defending against a lawsuit. erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $2,000,000. 2. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages could fall anywhere in the range of $3,000,000 to $5,000,000, with any damage in that range equally likely. 3. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages will eventually be $6,000,000, with a present value of $4,500,000. 4. erismus is a plaintiff in a lawsuit. erismus's management believes it is probable that the company eventually will prevail in court, and that if it prevails, the judgment will be $2,000,000. 5. erismus is a plaintiff in a lawsuit. erismus’s management believes it is virtually certain that the company eventually will prevail in court, and that if it prevails, the judgment will be $1,000,000.
Answers: 2
You know the right answer?
Complete the 2017 federal income tax return for sarah hamblin. be sure to include only required tax...
Questions
question
Chemistry, 29.04.2021 22:30
question
Mathematics, 29.04.2021 22:30
question
Mathematics, 29.04.2021 22:30
question
Mathematics, 29.04.2021 22:30
question
Business, 29.04.2021 22:30