Question Details

[answered] ACC361 - Case Fall 2016; Term D Dalvin works for Ajax Bookk


I have this homework dealing with filing a tax return.


Instructions:

Prepare the 2015 Tax return for Janelle and Dalvin Scarlett.? Read the attachments carefully, and be sure to follow the instructions.?



ACC361 ? Case Fall 2016; Term D

 

Dalvin works for Ajax Bookkeeping at hours of his own choosing. This allows him more time to be with

 

Tavaris during the day. He provides bookkeeping services through the Ajax company at hours of his own

 

choosing. During 2015, Davlin worked from home; however, he does not have an area that is exclusively

 

reserved for his bookkeeping activities. Dalvin has records of the following expenses:

 

Internet service that is used 40% for business is $85 per month.

 

During the year, Dalvin became a certified QuickBooks Pro at a cost of $650. He also took a course in

 

Intermediate Excel to improve his skills; the cost of the course was $229. He also paid to get his real

 

estate license and that cost $1,800.

 

Davlin took the owner of Ajax to lunch on 5 occasions and has receipts to show the details of the lunch

 

meeting as he attempts to build more business projects. The lunches were (1) Madison Social $38.12;

 

(2) Tan?s Asian Caf? $25.18; (3) Blaze Pizza $18.29; (4) Sage $49.72; (5) Sonny?s $22.83.

 

He paid for a cell phone line dedicated to the bookkeeping services for which he pays $70 per month.

 

Dalvin paid $210 to maintain/repair office equipment used for the business (the equipment was fully

 

depreciated under Section 179 the previous year). Dalvin also purchased $828 worth of offices supplies

 

from Staples; he kept all receipts.

 

There was a sale at Best Buy and early in the year Dalvin purchased a computer system used 100% for

 

business; total cost for the system including set up was $4,500, and the system should last for at least 3

 

years.

 

Dalvin goes to yoga to relieve the stress of working so hard for his family; he pays $35 per month for

 

Journey?s in Yoga. Dalvin also joined the Tallahassee Chamber of Commerce, paying dues of $415 for

 

membership.

 

Dalvin pays his neighbor $75 a month to help with filing and other work-related chores. He does not

 

provide a 1099-MISC or a W-2 to his friend.

 

Dalvin did keep track of the following mileage: 13,833 miles for personal use; 2,892 miles for various

 

trips related to his work at Ajax (none of which were for commuting); 532 miles for volunteer work; and

 

1,893 for trips to take Tavaris to Shand?s Clinic for various treatments (these were all day trips).

 

Dalvin made the following estimated tax payments: 4/14/15 $5,000; 6/15/15 $5,000; 9/14/15 $6,000;

 

1/10/17 $6,000

 


Solution details:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Sep 18, 2020

PRICE: $15

Solution~0001003950.zip (25.37 KB)

Buy this answer for only: $15

This attachment is locked

We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free copy from our tutoring website www.aceyourhomework.com (Deadline assured. Flexible pricing. TurnItIn Report provided)

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
SiteLock

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

Sep 18, 2020

EXPERT

Tutor

ANSWER RATING

GET INSTANT HELP/h4>

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

  • As a reference for in-depth understanding of the subject.
  • As a source of ideas / reasoning for your own research (if properly referenced)
  • For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

NEW ASSIGNMENT HELP?

Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN YOUR SET DEADLINE.

Order Now