Using the information below, complete the tax form 1040 above. Brian and Sheila Williams were married in October of 2008. They live at 1000 Main Street, Atlanta, GA 33127. Brian is a postal service worker. Sheila is a teacher at Grady High School. Brian’s social security number is 555-11-1111 and Sheila’s social security number is 555-22-2222. They have a dependent daughter Jayla who is 10 years old (Born on May 12th). Jayla’s social security number is 555-33-3333. In 2016, Brian's wages was $45,860 while Sheila's was $43,590. |
||||||||||
Included or Excluded Items | ||||||||||
Two years ago, the taxpayer loaned a friend $2000. The friend has filed for bankruptcy this year and will not be able to repay | ||||||||||
Earned $100 interest on county municipal bonds | ||||||||||
Found a diamond worth $1000 on the ground | ||||||||||
Received $500 in death benefits fron Brian's father | ||||||||||
Received $4,000 court settlement. $1,000 was punitive damanges. | ||||||||||
Brian paid $400/month in child support | ||||||||||
Received a $1000 gift from his brother | ||||||||||
Sheila won $100 playing bingo | ||||||||||
Brian paid $200/month in alimony to his ex-wife | ||||||||||
Sheila received a $1000 gift from her mother | ||||||||||
Sheila spent $300 on supplies for her classroom | ||||||||||
Portfolio Investments | ||||||||||
Stock | Acquired | Sold | Sales Price | Cost (Basis) | Qualified Dividends | |||||
Red Stock | 2/1/2016 | 10/5/2016 | $6,000 | $2,500 | $0 | |||||
White Stock | 6/11/2009 | 10/15/2016 | $5,000 | $4,000 | $100 | |||||
Blue Stock | 10/1/2005 | 8/3/2016 | $2,000 | $10,000 | $0 | |||||
Black Stock | 3/6/2016 | 12/15/2016 | $3,000 | $5,000 | $0 | |||||
Yellow Stock | 4/5/2006 | N/A | N/A | $5,000 | $300 | |||||
Interest Income Source | Amount | |||||||||
Money Market Account | $200 | |||||||||
Savings Account | $25 | |||||||||
State Municipal Bonds | $35 | |||||||||
Rental Property | ||||||||||
They own and rent two pieces of residential real estate in Miami, FL. These properties were acquired with cash (so there are no mortgages on the homes). They both have real estate broker licenses in Georgia and Florida. They dedicate enough hours (through their business) to qualify as a “real estate professional” with regard to these properties. | ||||||||||
Property 1 | ||||||||||
The first property is located at 17750 NW 17th Ave, Miami, FL. They collect $1,000 monthly in rent. The property was purchased June 30, 2016 for $150,000. The tax records show that the value of the land is $30,000 and the value of the home was $90,000 when purchased. They actively participate in the management of the real property. | ||||||||||
The property has the following expenditures: | ||||||||||
Property tax | $7,000/yr | |||||||||
Repairs | $ 900/yr | |||||||||
Insurance | $1,200/yr | |||||||||
Washing Machine | $300 | (purchased 6/2/2015) | ||||||||
Refrigerator | $700 | (purchased 7/1/2016) | ||||||||
Furniture | $2,000 | (purchased 4/1/2014) | ||||||||
Property 2 | ||||||||||
The second property is located at 5610 NW 11th Ave, Miami, FL. They collect $1,500 monthly in rent. The property was purchased on June 12, 2016 for $100,000. The tax records show that the value of the land is $20,000 and the value of the home was $80,000 when purchased. They actively participate in the management of the real property. | ||||||||||
The property has the following expenditures: | ||||||||||
Property tax | $6,200/yr | |||||||||
Repairs | $3,000/yr | |||||||||
Insurance | $1,200/yr | |||||||||
Legal fees | $ 500/yr | |||||||||
Advertising Expense | $ 500/yr |
In: Advanced Math
In: Advanced Math
A solid is bounded by the sphere centered at the origin of radius 5 and the infinite cylinder along the z-axis of radius 3.
(a) Write inequalities that describe the solid in Cartesian coordinates.
(b) Write inequalities that describe the solid in cylindrical coordinates.
(c) Why is this solid difficult to describe in spherical coordinates? Which of the variables ρ, θ, φ are difficult to describe? Explain.
In: Advanced Math
Big Red Bookstore wants to ship books from its warehouses in Brooklyn and Queens to its stores, one on Long Island and one in Manhattan. Its warehouse in Brooklyn has 700 books and its warehouse in Queens has 2,300. Each store orders 1,500 books. It costs $1 to ship each book from Brooklyn to Manhattan and $2 to ship each book from Queens to Manhattan. It costs $5 to ship each book from Brooklyn to Long Island and $4 to ship each book from Queens to Long Island.If Big Red has a transportation budget of $8,900 and is willing to spend all of it, how many books should Big Red ship from each warehouse to each store in order to fill all the orders?
In: Advanced Math
Customers arrive at a local grocery store at an average rate of 2 per minute.
(a) What is the chance that no customer will arrive at the store during a given two minute period?
(b) Since it is a “Double Coupon” day at the store, approximately 70% of the customers coming to the store carry coupons. What is the probability that during a given two-minute period there are exactly four (4) customers with coupons and one (1) without coupons?
(c) Divide one given hour into 30 two-minute periods. Suppose that the numbers of customers arriving at the store during those periods are independent of each other. Denote by X the number of the periods during which exactly 5 customers arrive at the store and 4 of them carry coupons. What is the probability that X is at least 2?
(d) What is the probability that exact 4 customers coming to the store during a given two-minute period carry coupons?
In: Advanced Math
Convert the follow system of equations to standard form and solve using Simplex method to find optimal solution
Maximize 10.75x + 5.3y
constraints
0.25x + 0.6y < = 1000
0.50x + 0.1y <= 1000
0.25x + 0.3y <= 1000
x>=250, y>=250
In: Advanced Math
Ti Fan and his wife have retired. They are touring the USA in a big recreational vehicle (RV). They are towing a Prius car, which they use for running errands when the RV is parked. However, towing the Prius decreases the gas mileage of the RV by 25%. Ti Fan wonders if they would save gas if his wife drives the Prius instead of towing it. The Prius gets good mileage, 50 miles per gallon. Ti Fan has never wanted to know the mileage of the RV, since it would be discouraging. Nonetheless, he looks at the odometer when he fills the RV's gas tank, then looks again when he fills it again. Towing the Prius, he drove 255 miles and burned 37 gallons of gas. How much would they save, in gallons, if they had travelled the 255 miles with his wife driving the Prius while Ti Fan drove the RV?
In: Advanced Math
A school is conducting optimization studies of the resources it has. One of the principal concerns of the Director is that of the staff. The problem he is currently facing is with the number of guards in the "Emergencies" section. To this end, he ordered a study to be carried out that yielded the following results:
Time Minimum number of guards required O to 4 40 4 to 8 80 8 to 12 100 12 to 16 70 16 to 20 120 20 to 24 50 Each guard, according to Federal labor law, must work eight consecutive hours per day. Formulate the problem of hiring the minimum number of guards that meet the above requirements, as a Linear programing model.
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For the following LP problem, determine the optimal solution by the graphical solution method.
Min Z= 3x1+2x2
Subject to 2x1+x2 >10
-3x1+2x2 < 6
X1+x2 > 6
X1,x1 > 0
Graph and shade the feasible region
In: Advanced Math
In: Advanced Math
Find a polynomial of the form f(x) = ax3 + bx2 + cx + d such that f(0) = −3, f(1) = 2, f(3) = 5, and f(4) = 0. (A graphing calculator is recommended.)
answer in fraction form.
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Let k ≥ 2. Use that R (the real numbers) is complete to show R^k is complete.
In: Advanced Math
reflect on the three things you learned in this section about Ivy Tech Community College that will help you become a successful student. Make sure to write complete sentences use specific examples to support specific ways that this information or resource will help you.
In: Advanced Math
(2) Let ωn := e2πi/n for n = 2,3,....
(a) Show that the n’th roots of unity (i.e. the solutions to zn = 1) are
ωnk fork=0,1,...,n−1.
(b) Show that these sum to zero, i.e.
1+ω +ω2 +···+ωn−1 =0.nnn
(c) Let z◦ = r◦eiθ◦ be a given non-zero complex number. Show that the n’th roots of z◦ are
c◦ωnk fork=0,1,...,n−1 where c◦ := √n r◦eiθ◦/n.
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Let C be a plane curve parameterized by arc length by α(s), T(s) its unit tangent vector and N(s) be its unit normal vector. Show d dsN(s) = −κ(s)T(s).
In: Advanced Math