Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. this is for 2022- thanks! interview notes - le

This is for 2022- thanks! Interview Notes - Leon Martin is...

80.2K

Verified Solution

Question

Accounting

This is for 2022- thanks!
image
Interview Notes - Leon Martin is singlo and has never been married. - Leon eamed wages of $23,000 during the finst half of the year. Leon lost his job in July and received a total of $9,000 in unemployment compensation. - teon is a barber and took a chass at the community barber college to improve his barbering statis He paid the cost of tution and a course-related book. His qualified education expensins wete $2,500. - Leon also paid studont loan interest for the courses he previously took to eam his Bachelor's degree. For 2022 he paid student loan interest of $550. - Leon does not have any dependents. - Leon is a U.S, citizen with a vald Social Security number. Scenario 6: Retest Questions 11. What is the taxatle amount of Leoris unemployment compeniation? a. 50 b. 54,500 c. $9,000 d. $10.200 12. Leon is eligible to claim the Lfetime Learning Credit. a. True b. False 13. Loon can deduct $550 of student loan interost as an abjustinent fo his income a. True b. False

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

BlackCo.                               Blue Co.        &BlackCo.                               Blue Co.                                               2017               2016               2017            2016NetIncome                         $65,000            $60,000          $25,000          $28,000Income taxexpense            18,200            17,000             5,000              5,500Netsales                         2,500,000        2,300,000          650,000          680,000Totalassets                     500,000            490,000          200,000          210,000Currentassets                         99,000            130,000          120,000          110,000Operatingassets               470,000            450,000          190,000          190,000Operating liabilities         175,000            150,000          50,000          56,000Weighted average shares           Outstanding               85,000            85,000          75,000          75,000Currentliabilities                75,000            100,000          75,000          74,000Totalliabilities                 350,000            350,000          100,000          100,000Stockholder’s equity         150,000            140,000          100,000          110,000Interestexpense                   5,000               6,000             1,500              1,000Income beforetax               83,200            77,000          30,000          33,500Cash flow fromoperations     75,000            110,000          110,000          120,000Cash...

Accounting
Q

a) Given a vector field à = z? +(3y + 2)2 î in cartesian coordinates, determine...

Basic Math
Q

In the figure, block 1 of mass m1 slides from rest along a frictionless ramp from...

Physics
Q

4 Sketch a graph for the four points A 3 1 B 3 10 C...

Geometry
Q

Assume the random variable X is normally distributed with mean 50 and standard deviation o...

Statistics
Q

There is a 0 99968 probability that a randomly selected 22 year old female lives...

Statistics
Q

Write the solution set for the general solution T 4sin x 2 4 2 O...

Calculus
Q

b 6 4 4 2 2 4 6 2 4 6 X Yes the vertical...

Calculus
Q

Cash budget The controller of Bridgeport Housewares Inc. instructs you to prepare a monthly cash...

Accounting
Q

Read the article "Making Government Transparency More Transparent" and then use the internet to review...

Accounting
Q

Question 1(1 point) Kitchen Convenience Company manufactures two products-toaster ovens and bread machines....

Accounting
Q

Calculate the accumulated depreciation and carrying amount of each asset on December 31,2023. ...

Accounting