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Serena is a 38-year-old single taxpayer. She operates a small business on the side as a sole proprietor. Her 2020 Schedule C reports net profits of $15,000. Her employer does not offer health insurance. Serena pays health insurance premiums of $7,800 in 2020. Serena also pays long-term care insurance premiums of $600 in 2020.

Calculate Serena's self-employed health care deduction.

$fill in the blank 1

Rico makes $5,000 of cash donations in 2020. His itemized deductions exceed his standard deduction. What amount will Rico deduct as a for AGI deduction for charitable contributions? His AGI in 2020 is $48,000.

a.$5,000

b.$4,800

c.$48,000

d.$300

e.$0

In April 2020, Fred paid $40 of state income tax that was due when he filed his 2019 income tax return. During 2020, Fred’s employer withheld $1,200 of state income tax from his pay. In April 2021, Fred determined that his 2020 state tax liability was $1,100 and received his state income tax refund of $100 in May 2021. Assuming Fred itemizes, how much state income tax deduction should he report on his 2020 federal income tax return?

a.$1,100

b.$1,240

c.$1,140

d.$1,000

e.$1,200

Tony is a 45-year-old self-employed psychiatrist who has net earned income of $300,000 in 2020. What is the maximum amount he can contribute to his SEP for the year?

Lyndon, age 24, has a nonworking spouse and earns wages of $36,000 for 2020. He also received rental income of $5,000 and dividend income of $900 for the year. What is the maximum amount Lyndon can deduct for contributions to his and his wife's individual retirement accounts for the 2020 tax year? You may assume that neither taxpayer is an active participant in another qualified retirement plan.

a.$6,000

b.$5,500

c.$11,000

d.$12,000

e.None of these choices are correct.

fyi it's not c

Jessica is a U.S. Army Reservist and in 2020 traveled 130 miles each way to serve duty at a local military installation. She was required to report four times in 2020. Her normal route from home to the base included a $1.75 toll each way. Jessica's for AGI deduction for these costs is:

a.$0

b.$122.00

d.$617.20

e.$612.00

Weighted Average Shares

At the beginning of 2019, Hardin Company had 220,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock:

March 1 Issued 44,000 shares of stock at $24 per share.

June 1 Issued a 10% stock dividend.

July 1 Issued 13,000 shares of stock at $29 per share.

Aug. 31 Issued a 2-for-1 stock split on outstanding shares, reducing the par value to $5 per share.

Oct. 31 Reacquired 92,000 shares as treasury stock at a cost of $32 per share.

Nov. 30 Reissued 59,000 treasury shares at a price of $35 per share.

Required:

1. Determine the weighted average number of shares outstanding for computing the current earnings per share. Round your interim computations and final answer for the number of shares to nearest whole number.

 shares

2. Determine the number of common shares outstanding at December 31, 2019.

 shares

Since wcco sadly remodeled for text only and I don't have a cell phone

Is The t.v. show UNSOLVED MYSTERIES still new on t.v. and can someone please send me the links for the 7 final appeals that got overturned please

do your older siblings help change diapers