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ACC 401 Entire Course

ACC 401 Week 1 Assignment Chapter 2 Problems 32, 33 & 38

ACC 401 Week 1 Quiz
ACC 401 Week 1 Quiz Set 2
ACC 401 Week 1 DQ 1 Basic Concepts
ACC 401 Week 1 DQ 2 Gross Income
ACC 401 Week 2 Assignment Chapter 4

ACC 401 Week 1 Assignment

Chapter 2 Problems 32, 33 &
38 (UOP)

) List the five types of filing status and briefly explain th

e requirements for the use of each one.
33) In which of the following cases may the taxpayer cla
im head of household filing status?
a. The taxpayer is single and maintains a household whi
ch is the principal place of abode of her infant son.
b. The taxpayer is single and maintains a household for
herself and maintains a separate household which is th
e principal place of abode of her dependent widowed m
other.
c. The taxpayer is married from January

ACC 401 Week 1 DQ 1 Basic C

oncepts
From Chapter 1, complete discussion questions 6, 9, & 1
0. From Chapter 2, complete discussion questions 3, 6,
9, & 10. Review Appendix E (2014 IRS Tax Forms) to see
where dependents are shown on the tax return. Remem
ber to complete all parts of the problems and report th
e results of your analysis. Do not forget to show the nec
essary steps and explain how you attained that outcom
e.

ACC 401 Week 1 DQ 2 Gross I

ncome
From Chapter 3, answer discussion questions 1, 2, 3, 10,
12, & 15. Remember to complete all parts of the proble
ms and report the results of your analysis. Do not forget
to show the necessary steps and explain how you attain
ed that outcome.

ACC 401 Week 1 Quiz (UOP)

ACC 401 Week 1 Quiz

ACC 401 Week 1 Quiz Set 2

1. Question : What is the amount of the social security
wage limitation for 2014? 2. Question : With respect to t
he income tax formula, which of the following statemen
ts is 3. Question : To be a qualifying child, the taxpayer
must meet three general tests and five specific tests. W
hich one is not part of the five specific tests?

ACC 401 Week 2 Assignment

Chapter 4 problem 53 and pr
oblem 55 (UOP)

Under the terms of a divorce decree executed May 1, 20

08, Rob transferred a house worth $650,000 to his ex-wi
fe, Linda, and was to make alimony payments of $3,000
per month. The property has a tax basis to Rob of $300,
000.
a. How much of this must be reported on Lindas tax ret
urn?

ACC 401 Week 2 DQ 1 Adjust

ed Gross Income
What are some of the limitations concerning deductibili
ty of student loan interest? Be specific and comprehensi
ve 43. How much, if any, may Antonio take as a moving
expense deduction on his 2014 tax return? Is that dedu
ction subject to any conditions that could change its de
ductibility in the future? 47. Three types of payments ar
e associated with a decree of separation or a divorce. a.
What are those three payments b. Which one has a tax
consequence c. What is the timing rule regarding the re
capture period of those payments

ACC 401 Week 2 DQ 2 Itemiz

ed Deductions
Ch5. 48. Mickey is a 12-year-old dialysis patient. Three ti
mes a week he and his mother, Sue, drive 20 miles one
way to Mickeys dialysis clinic. On the way home they go
10 miles out of their way to stop at Mickeys favorite res
taurant. Their total round trip is 50 miles per day. How
many of those miles, if any, can Sue use to calculate an i
temized deduction for transportation? Use the mileage r
ate in effect for 2010. Explain your answer. 52. On April
1, 2010, Paul sold a house to Amy.

ACC 401 Week 2 Quiz (UOP)

ACC 401 Week 2 Quiz

ACC 401 Week 3 Assignment

Chapter 6 (UOP)
39. David is a college professor who does some consulti
ng work on the side. He uses 25% of his home exclusive
ly for the consulting practice. He is single and 63 years o
ld. His AGI (without consideration of consulting income)
is $45,000. Other information follows:
Income from consulting business $4,000
Consulting expenses other than home office 1,500

ACC 401 Week 3 DQ 1 Self-E

mployed Business Income &
Capital Gains

Ch6. 1. Discuss the definition of trade or business. Why

does it matter whether a taxpayer is classified as an em
ployee or as self-employed? 2. Discuss the concepts of o
rdinary, necessary, and reasonable in relation to trade o
r business expenses. 9. Discuss the concept of electing
179 expense. Does the election allow a larger expens
e deduction in the year of asset acquisition? 15. Why we
re the hobby loss rules established? What factors deter
mine whether an activity is a trade or business or a hob
by? Is any one factor controlling? Ch7. 1. How are the te
rms basis, adjusted basis, and fair market value defined
as they apply to the calculation of gains and losses?

ACC 401 Week 3 DQ 2 Rental

Property & Royalties
Ch8. 33. Ramone is a tax attorney and he also owns an
office building that he rents for $8,500 /month. He is re
sponsible for paying all taxes and expenses relating to t
he buildings operation and maintenance. Is Ramone en
gaged in the trade or business of renting real estate? 34
. Kelvin owns and lives in a duplex. He rents the other u
nit for $750 per month. He incurs the following expense
s during the current year for the entire property: How a
re the expenditures treated for tax purposes?

ACC 401 Week 3 Quiz (UOP)

ACC 401 Week 3 Quiz

ACC 401 Week 4 Assignment

Chapter 9, Problem 42 probl
em 49 (UOP)

42. Tim and Martha paid $7,900 in qualified employmen

t-related expenses for their three young children who li
ve with them in their household. Martha received $1,80
0 of dependent care assistance from her employer, whi
ch was properly excluded from gross income. The coupl
e had $57,000 of AGI earned equally by Tim and Martha
. What amount of child and dependent care tax credit c
an they claim on their Form 1040? How would your ans
wer differ (if at all) if the couple had AGI of $36,000 that
was entirely earned by Tim?
49. Jeremy and Celeste paid the

ACC 401 Week 4 DQ 1 Tax Cre

dits and Payroll Taxes
From Chapter 9, complete questions 3 and 7, and probl
em 43. From Chapter 10, complete question 1 and ques
tion 7. Remember to complete all parts of the problems
and report the results of your analysis. Do not forget to
show the necessary steps and explain how you attained
that outcome. Respond to at least two of your classmat
es' postings.

ACC 401 Week 4 DQ 2 Payroll

Taxes and Retirement Plans
From Chapter 10, complete questions 12 and 13. From
Chapter 11, complete question 5, question 15, and ques
tion 19. Remember to complete all parts of the problem
s and report the results of your analysis. Do not forget t
o show the necessary steps and explain how you attaine
d that outcome.

ACC 401 Week 4 Quiz (UOP)

ACC 401 Week 4 Quiz

ACC 401 Week 5 DQ 1 Partne

rship Taxation
Chapter 14, problems 1, 3, 12, and 15. 1. Discuss the for
mation of a partnership. Is any gain or loss recognized?
Explain. 3. How do taxation for the corporate form and t
axation for the partnership form differ? 12. Can a partn
er have a salary from a partnership? Why? What is a gua
ranteed payment? 15. If a partner owns a 20% interest,
does that necessarily mean that he or she will receive 2
0% of the net income from the partnership? Explain.

ACC 401 Week 5 DQ 2 Corpor

ate taxation
Chapter 15, problems 4, 6, 14 and 16. 4.Explain the 80%
rule as it pertains to the formation of a corporation. 6.A
n individual contributes property with a fair market valu
e in excess of basis to a corporation in exchange for sto
ck. What is the basis of the stock in the hands of the sha
reholder, and what is the basis of the property contribu
ted in the hands of the corporation?

ACC 401 Week 5 Final Paper

Assignment (UOP)
Q:Appendix A
Please use this information for your Tax Return and Pap
er.
*All people, businesses, and information are fictional. A
ny relation to an actual person or business is accidental.
Harold Petersan
SSN: 0XX-01-1XXX
Date of Birth (DOB): 05/27/1975

ACC 401 MASTER EDUCATION

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