SMITH FAMILY'S 2018 TAX SCENARIO Joseph L. Smith (age 45, Social Security number 145-26-9210) and Rita M. Smith (age 43, Social Security number 142-46-5108) are husband and wife. They live at 1650 Belmont Avenue, Chicago, IL 60615. David is a self-employed CPA and Rita is a third grade teacher. They have two children: Blake (age 5, Social Security number 310-51-2108) and Amelia (age 3, Social Security number 314-62-8924). In 2018, Joseph earned $182,000 and Rita earned $46,000. The Smith family has medical coverage through the school system for which Rita works. As an employee, Rita had $9,500 of federal tax withheld, $2,300 of IL state tax withheld, and the required Social Security and Medicare taxes. Joseph has an office with business expenses for 2018 as follows: Item Amount Office Rent $24,000 Office Supplies $8,000 Internet Charges $1,2000 Phone System Charges $4,800 Advertising Expenses $1,800 Postage Charges $1,500 Audit/Tax Software Charges $20,000 Business Gifts $400 The advertising expenses included local newspaper advertisements, digital marketing, and direct marketing flyers. The business gifts were $40 gift certificates given to his 10 largest clients in appreciation for their business. Joseph purchased a 2017 Honda Civic in 2017. In 2018, he drove 24,000 business miles and 6,000 personal miles, and uses the standard mileage method for tax purposes. In 2018, Joseph made estimated quarterly federal tax payments of $18,000/quarter and estimated quarterly IL state tax payments of $3,000. All the payments were made within calendar 2018. Joseph also contributed $8,000 to his SEP account. Rita bought various supplies for her classroom, but did not closely track expenditures and thus only wants to take the allowed educator expenses deduction. Her teacher's license was also renewed in 2018 for $125. Blake and Amelia are both in day care at the Riley Day Care Center at 1325 Lake Street, Chicago, IL 60612 (EIN 36-2875647). They are only in day care for 9 months of the year (weekly charge of $240.00/week), because Rita does not work during the summer. In addition to the wages and expenses as detailed, the Smiths have the following documented income and expenses: Item Amount Interest income from CDs $1,800 Interest Income from Series EE $4,000 Government Bonds Mortgage Interest on Principal Residence $15,000 Property taxes on Residence $8,000 PMI Insurance Payments $3,000 Cash Charitable Contributions $2,500 Non-Cash Contributions (Used Clothing to Salvation Army) $350 The Smiths itemized deductions in 2017. The federal tax refund was $3,500 and the IL state tax refund was $600. In addition, the Smiths own rental property (a "two flat" in Chicago) which they have rented out for the entire year. Total rental income was $30,000. Rental property related expenses were as follows: Item Amount Mortgage Interest on Rental Property $13,000 Property Tax $9,000 Repairs on Rental Units $2,6000 Depreciation on Rental Units (using SL Depreciation) $3,500 Utilities $3,000 Landscaping $500

Complete the depreciation schedules. Show all formulas and work. All information is provided but may not neccessarily be needed to comeplete the schedules.

Company A is a construction company and is a new audit client of your firm. It has never been audited but a different accounting firm performed a review engagement for y/e 31 Dec 2016. Your firm is auditing A’s financial statements for y/e 31 Dec 2017.

Company A is privately owned by the Jones family in Country X, using the X$ currency. The president, VP, secretary/treasurer, controller and various levels of managers are all family members.

All management employees who must travel to job sites (including 9 family members) are assigned company-owned cars for their personal use. The company has a total of 80 company cars. Employees have access to these cars at all times, and the cars do not need to be returned to the company parking yard except for periodic servicing.

The company also owns vans and trucks that are used by various company employees to transport equipment, supplies, labour, and material to and from job sites. These vehicles are stored at the company facilities when not in use and are never available for personal use.

The company also has a number of special-use heavy vehicles that are used at job sites and stored at the job site or in the parking yard of the company.

As part of the 2017 audit, you have been assigned the task of auditing fuel expense. The general ledger fuel expense account shows X$317,224. According to the client, the 2016 figure was X$375,542.

Your audit manager has asked you to perform some form of analytical procedure on fuel expense. Company A’s staff has gathered the following information for you:

Other information:
Cars and pickup trucks run on petrol, which has averaged $3.05/gallon during 2017. All other vehicles use diesel. You have determined the typical diesel price increases during 2017 as below.
* 1 person-day = 8 hours
** According to the construction foreman, these are in continual usage every day a job is in progress. The company has been extremely busy but crews do not work overtime or weekends

Required:

1. What is (are) the primary management assertion(s) related to fuel expense in this case?

2. What is your team’s $ value estimate for Company A’s fuel expense for 2017?

3. What is your conclusion – is the client’s fuel expense misstated (over/under-stated)? Why/why

not? Do you recommend a correcting journal entry be put through?

4. What further information would you need to assist you in arriving at a conclusion for

Requirement 2?

Iterative Linear Search, Recursive Binary Search, and Recursive Selection Sort

I need it in Java with comments and I need the input file to be placed with Scanner not BufferedReader Please help I need Class River Class CTRiver and Class Driver

Class River describes river’s name and its length in miles. It provides accessor methods (getters) for both variables, toString() method that returns String representation of the river, and method isLong() that returns true if river is above 30 miles long and returns false otherwise.

Class CTRivers describes collection of CT rivers. It has no data, and it provides the following service methods. None of the methods prints anything, except method printLongRiversRec, which prints all long rivers. Input parameter n in all methods is number of occupied elements in the list.

// Prints all long rivers in the list. Print them in same order as they were in the list . List can be

// empy or not.

• void printLongRiversRec(River[] list, int n)

// Returns index for the river object with given name. Returns -1 for unsuccessful search. List can

// be empy or not.

• int linearSearch(River[] list, int n, String name)

// Returns ArrayList of rivers with length between min and max inclusive. If no such river was found,

// method returns an empty Arraylist<River>. List can be empy or not.

• ArrayList <River> searchRange(River[] list, int n, int min, int max)

// Sorts list of rivers by comparing them by names. Apply selection sort recursively. List of rivers can be

// empy or nonempty. Empty list and list with one river only are sorted. Lists with two or more rivers are

// sorted by swapping last river in the list with river object that has name that is last in lexicographic order // in the array, and after that recursively sorting sublist of first n-1 rivers.

• void sortByNameRec(River[] list, int n)

// PRECONDITION: Method assumes that input list is sorted by names. First and last are indices of the first

// and last river of the current sublist. Method returns index of river object with given name or returns -1

// if none of the rivers has that name. List of rivers can be empy or not.

• int binarySearchRec(River[] list, int first, int last, String name)

The three methods highlighted in yellow must be implemented recursively.

File “input.txt”

Naugatuck   40

Pawcatuck   34

Quinebaug   69

Shepaug   26

Connecticut   407

Still   25

Quinnipiac   46

Housatoic 139

Class Driver has main method in it. Read data from the input file "input.txt" into an array of River objects, named riverList, and keep track of number of rivers stored in variable counter. Array riverList has capacity 100. Input file should be as shown. Program should work for any input file with up to 100 rivers in it.

• Print all long rivers.
• Apply one successful and one unsuccessful linear search.
• Print all rivers with length between min and max (min and max are provided by user). Must use for each loop in the main method to print resulting ArrayList<River> returned by method searchRange .
• Sort myList by river names, and print sorted list.
• Apply one successful and one unsuccessful binary search on sorted list.

Must print appropriate explanation in English of all steps performed in outcome.

SUBMIT:

• Copy of the code for each class and input file in separate rectangle.
• Picture of program run from BlueJ.
• Picture of UML diagram.

Suppose that the sitting​ back-to-knee length for a group of adults has a normal distribution with a mean of mu equals 23.4 in. and a standard deviation of sigma equals 1.1 in. These data are often used in the design of different​ seats, including aircraft​ seats, train​ seats, theater​ seats, and classroom seats. Instead of using 0.05 for identifying significant​ values, use the criteria that a value x is significantly high if​ P(x or ​greater)less than or equals0.01 and a value is significantly low if​ P(x or ​less)less than or equals0.01. Find the​ back-to-knee lengths separating significant values from those that are not significant. Using these​ criteria, is a​ back-to-knee length of 25.7 in. significantly​ high?

A cliché that sums up the concept of diminishing marginal returns/increasing marginal costs is:

Question 8 options:

You’ve been monitoring Bletchley Park Corporation and have calculated the following information. The company has a debt to asset ratio of 57.45%, market beta of 1.26, unlevered beta of .82 (at a 40% marginal tax rate), and a cost of equity of 13.67%. The risk free rate is 1.8%. The risk premium due to financial risk is closest to?

Talk about the reasons the hotel company Marriott is expanding into markets globally. Describe the motivation for Marriott being a multinational company and talk about current economic implications such as costs, benefits, etc. for the United States of America and any host countries.

At least 200 words, please. Please complete as soon as possible. Thanks in advance!

As the project manager for a not-for-profit organization, you were notified that your proposal to improve the safety of the Lafayette Park in Los Angeles was approved. You and your team will receive funding for $50,000. Please prepare a positive letter informing your team members and outline the safety improvements you propose to be implemented.

Prepare this into a Positive Letter.

For each of the following types of businesses, name the processes that correspond to the traditional manufacturing functions of product design, process design, production scheduling, and production control. (processes involved in the following types of business)

a. Personal computer software developer (for example, Microsoft).

b. New car dealership

c. College or university.

d. Amusement park.