Daniel B. Butler and Freida C. Butler, math homework help

Anonymous
timer Asked: Jun 18th, 2016
account_balance_wallet $5

Question description

Daniel B. Butler and Freida C. Butler, husband and wife, file a joint return. The Butlers live at 625 Oak Street Corbin, KY 40701. Dan’s social security number is 111-11-1111, and Freida’s is 123-45-6789. Dan was born on 1/15/63 and Freida was born on 8/20/1964.

  During 2014, Dan and Freida furnished over half of the total support of each of the following individuals, all of whom still live at home:

  a. Gina, their daughter, age 22, a full-time student, who married on December 21, 2014, has no income of her own and for 2014 did not file a joint return with her husband, Casey, who earned $10,600 during 2014. Gina’s social security number is 123-45-6788.

  b. Sam, their son, age 20, who had gross income of $6,300 in 2014, dropped out of college in October 2014. He had graduated from high school in May 2014. Sam’s social security number is 123-45-6787.

  c. Ben, their oldest son, age 26, is a full-time graduate student with gross income of $5,200. Ben’s social security number is 12304506786.

Dan was employed as a manager at WJJJ, Inc. (employer ID number is 11-111), 604 Franklin Street, Corbin KY 40702), and Freida was employed as a sales-person for Corbin Realty, Inc. (employer ID number is 98-7654321, 899 Central Street, Corbin, KY 40701). Selected Information from the W-2 forms provided by the employers is presented below. Dan and Freida use the cash method.

Line  Description  Dan  Freida

1  Wages, tips, other compensation  $74,000  $86,000

2  Federal Income tax withheld  $11,000  $12,400

17  State income tax withheld  $2,960  $3,440

Freida sold a house on 12/30/2014 and will be paid a commission of $3,100 (not included in the $86,000 reported on the W-2) on the January 10, 2015 closing date.

 

Other income (as reported on 1099 Forms) for 2014 consisted of the following:

Dividends on CSX stock (qualified)  $4,200

Interest on savings at Second Bank  1,600

Interest on City of Corbin bonds  900

Interest on First Bank CD  382

The $382 from First Bank was original issue discount. Dan and Freida collected $16,000 on the First Bank CD that matured on September 30, 2014. The CD was purchased on October 1, 2012, for $14,995, and the yield to maturity was 3.3%

Dan received a schedule K-1 from the Falcon partnership, which showed his distributive share of income as $7,000. In addition to the above, Dan and Freida’s itemized deductions included the following:

Paid on 2014 Kentucky income tax  $700

Personal property tax paid  600

Real estate taxes paid  1,800

Interest on home mortgage (Corbin S&L) 4,900

Cash contributions to the Boy Scouts  800

Sales tax from the sales tax table is $1,860. Dan and Freida made Federal estimated tax payments of $8,000. The Kentucky income tax rate is 4%.

Tax Computation:

Compute Dan and Freida’s 2014 Federal income tax payable (or refund due).

Using tax forms for your computations you will need 1040 and schedules A,B, and E.

Attach separate document showing any work done in order to complete forms

Tutor Answer

Brainworks
School: Purdue University

THE EFFECT OF IFMIS RE-ENGINEERING ON EFFECTIVE
ACCOUNTABILITY IN THE MINISTRY OF LAND, HOUSING AND
URBAN DEVELOPMENT IN KENYA.

TIMOTHY MUTISYA MAILU

A RESEARCH PROPOSAL SUBMITTED TO THE FACULTY OF
COMMERCE IN PARTIAL FULFILLMENT OF THE REQUIREMENTS
FOR THE AWARD OF THE DEGREE OF BACHELOR OF COMMERCE,
MULTIMEDIA UNIVERSITY OF KENYA.

APRIL, 2016

i

DECLARATION
I, Timothy Mutisya Mailu, declare that this proposal is my own original work and has not been
presented for award of a degree in any other university or for any other award.
MAILU TIMOTHY
BUS-241-055/2013

…………………………………

………………………………….

Signature

Date

Declaration by the supervisor
I confirm that the work reported in this proposal was carried out by the candidate under my
supervision and has been submitted with my approval as a university supervisor.
DR. CHRISPUS WAWIRE
MULTIMEDIA UNIVERSITY OF KENYA

………………………………….

………………………………….

Signature

Date.

ii

ACKNOWLEDGEMENT
I wish to acknowledge my supervisor, Dr.Wawire for patiently guiding me through the
development of this proposal.
I would also like to thank my parents, Mr. and Mrs. Mailu for being there for me all through the
development of the proposal.
Not forgetting the Lord Almighty for His Grace and faithfulness throughout this time.

iii

TABLE OF CONTENTS
DECLARATION……………………………………………………………………………….ii
ACKNOWLEDGEMENT………………...………………………………………………..…iii
TABLE OF CONTENTS..…………………………………………………………………….iv
LIST OF FIGURES………………………………...…………………………………………vi
LIST OF APPENDICES……………………………………………………………………...vi
LIST OF ABBREVIATIONS….………………………………..…………………………...viii
ABSTRACT…………………..………………………………………………………………viii

iv

CHAPTER 1……………………………………………………………………………………1
1.1 INTRODUCTION………….……………..………………………………………………..1
1.2 STATEMENT OF THE PROBLEM………………………………………….…………4
1.3 OBJECTIVES OF THE STUDY……………………………………………..…………..5
1.4 RESEARCH QUESTIONS………………………………………………….……….…...5
1.5 SIGNIFICANCE OF THE STUDY…………………………………………….….…….6
1.6 SCOPE OF THE STUDY………………………………………………………….……..6
1.7 CONCEPTUAL FRAMEWORK…………………………………………….…….…....6
1.8 DELIMITATION OF THE STUDY…………………………………………….……….6
CHAPTER 2……………………………………………………………………………….……7
2.1 INTRODUCTION…………………………………………………………………..……..7
2.2 INSTITUTIONAL PERSPECTIVE ON BUDGETS...………………………………….8
2.3 RESOURCE DEPENDENCE PERSPECTIVE ON BUDGETS………………………..9
2.4 EMPIRICAL REVIEW………………………………...………………………………...10
2.5 SUMMARY OF LITERATURE REVIEW.………..…………………………………...16
2.6 RESEARCH GAPS………………………………………………………………………..17
CHAPTER 3...…………………………………………………………………………………..19
3.1 RESEARCH DESIGN…………………………………………………………………….19
3.2 STUDY AREA……………………………………………………………………………..19
3.3 TARGET POPULATION...………………………………………………………………19
3.4 SAMPLING DESIGN……………………………………………………………………..19
3.5 RESEARCH INSTRUMENTS…………………………………………………………...20

v

3.6 VALIDITY…………………………………………………………………………………20
3.7 RELIABILITY……………………………………………………………………………..20
3.8 DATA COLLECTION……………………………………………………………………21
3.9 DATA ANALYSIS AND PRESENTATION……………………………………………21
3.10 LOGISTICAL AND ETHICAL CONSIDERATION………………………………………..…22

REFERENCES………………………………………………………………………………….22
APPENDIX I: RESEARCH QUESTIONNAIRE…………………………………………….24
APPENDIX II: RESEARCH SCHEDULE……………………………………………...……24
APPENDIX III: RESEARCH BUDGET…………………………………………………..…29

LIST OF FIGURES
FIGURE 1: CONCEPTUAL FRAMEWORK………………………………………………..16

LIST OF APPENDICES
APPENDIX I: RESEARCH QUESTIONNAIRE……………………………………………24
APPENDIX II: RESEARCH SCHEDULE…………………………………………………...24
APPENDIX III: RESEARCH BUDGET ……………………………………………………..29

vi

LIST OF ABBREVIATIONS
AIS

Accounting Information System

ICT

Information Communication Technology

IFMIS

Integrated Financial Management Information System

IMF

International Monetary Fund

IT

Information Technology

NYS

National Youth Service

PEM

Public Expenditure Management

PEOU

Perceived Ease of Use

PFM

Public Financial Management

PU

Perceived Usefulness

RDP

Resource Dependence Perspective

TAM

Technology Acceptance Model

TPB

Theory of Planned Behaviour
vii

ABSTRACT
The Integrated Financial Management Information System (IFMIS) is a computerized budgeting,
accounting and reporting system use...

flag Report DMCA
Review

Anonymous
Super fast turn around time. Very impressed and will use Studypool again if I need a quick job. Communication was a bit tough but not unbearable.

Similar Questions
Hot Questions
Related Tags

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors