Amanda, who is an executive on the wall Street, earns $500,000 in annual wages. Calculate her tax liability. Mike works for an IT company and earns…

Amanda, who is an executive on the wall Street, earns $500,000 in annual wages. Calculate her tax liability.

Mike works for an IT company and earns $150,000 in annual income. He also earned $10,000 in interest income. Mike also sold HP common stock for $25,000 that he had purchased 8 months ago for $150,000. Calculate Mike’s tax liability.

Amanda and Mike are married and they need to know if their joint return would lower their tax liability. calculate their tax liability on the joint return.

Jack earned 35,000 in wages and interest income in 2015. He lost $7,000 in the IBM commons stock sale. He also earned $8,000 in dividend on a common stock portfolio. Calculate Jack’s tax liability.

Steve and Jennifer, a married couple, are filing their yearend income tax return. Steve’s annual wage is 65,000 and Jennifer earns 85,000. Each of them earned 15,000 in interest income. steve owns a portfolio of stock and earned $10,000 in dividend income. Steve also some stocks held over 6 minths for a capital gain of $10,000.

a. If Steve files individual tax return, calculate his tax liability

b. If Jennifer files individual tax return, calculate her tax liability

c. If they file joint tax return calculate their tax liabilty

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more