Questions
Logan B. Taylor is a widower whose wife, Sara, died on June 6, 2017. He lives...

Logan B. Taylor is a widower whose wife, Sara, died on June 6, 2017. He lives at 4680 Dogwood Lane, Springfield, MO 65801. He is employed as a paralegal by a local law firm. During 2019, he had the following receipts:

Salary $ 80,000
Interest income—
   Money market account at Omni Bank $300
   Savings account at Boone State Bank 1,100
   City of Springfield general purpose bonds 3,000 4,400
Inheritance from Daniel 60,000
Life insurance proceeds 200,000
Amount from sale of St. Louis lot 80,000
Proceeds from estate sale 9,000
Federal income tax refund (for 2018 tax overpayment) 700

Logan inherited securities worth $60,000 from his uncle, Daniel, who died in 2019. Logan also was the designated beneficiary of an insurance policy on Daniel's life with a maturity value of $200,000. The lot in St. Louis was purchased on May 2, 2014, for $85,000 and held as an investment. Because the neighborhood has deteriorated, Logan decided to cut his losses and sold the lot on January 5, 2019, for $80,000. The estate sale consisted largely of items belonging to Sara and Daniel (e.g., camper, boat, furniture, and fishing and hunting equipment). Logan estimates that the property sold originally cost at least twice the $9,000 he received and has declined or stayed the same in value since Sara and Daniel died.

Logan's expenditures for 2019 include the following:

Medical expenses (including $10,500 for dental) $11,500
Taxes—
   State of Missouri income tax (includes withholdings during 2019) $4,200
       Property taxes on personal residence 4,500 8,700
Interest on home mortgage (Boone State Bank) 5,600
Contribution to church (paid pledges for 2019 and 2020) 4,800

While Logan and his dependents are covered by his employer's health insurance policy, he is subject to a deductible, and dental care is not included. The $10,500 dental charge was for Helen's implants. Helen is Logan's widowed mother, who lives with him (see below). Logan normally pledges $2,400 ($200 per month) each year to his church. On December 5, 2019, upon the advice of his pastor, he prepaid his pledge for 2020.

Logan's household, all of whom he supports, includes the following:

Social Security Number Birth Date
Logan Taylor (age 48) 123-45-6787 08/30/1971
Helen Taylor (age 70) 123-45-6780 01/13/1949
Asher Taylor (age 23) 123-45-6783 07/18/1996
Mia Taylor (age 22) 123-45-6784 02/16/1997

Helen receives a modest Social Security benefit. Asher, a son, is a full-time student in dental school and earns $4,500 as a part-time dental assistant. Mia, a daughter, does not work and is engaged to be married.

Federal income tax of $4,500 was withheld from his wages.

Required:

Compute Logan's income tax for 2019. If Logan has any overpayment on his income tax, he wants the refund sent to him. Assume that the proper amounts of Social Security and Medicare taxes were withheld. Logan does not own and did not use any virtual currency during the year, and he does not want to contribute to the Presidential Election Campaign Fund.

Please complete a schedule A with answers on the actual form please.

In: Accounting

Logan B. Taylor is a widower whose wife, Sara, died on June 6, 2017. He lives...

Logan B. Taylor is a widower whose wife, Sara, died on June 6, 2017. He lives at 4680 Dogwood Lane, Springfield, MO 65801. He is employed as a paralegal by a local law firm. During 2019, he had the following receipts:

Salary $ 80,000
Interest income—
   Money market account at Omni Bank $300
   Savings account at Boone State Bank 1,100
   City of Springfield general purpose bonds 3,000 4,400
Inheritance from Daniel 60,000
Life insurance proceeds 200,000
Amount from sale of St. Louis lot 80,000
Proceeds from estate sale 9,000
Federal income tax refund (for 2018 tax overpayment) 700

Logan inherited securities worth $60,000 from his uncle, Daniel, who died in 2019. Logan also was the designated beneficiary of an insurance policy on Daniel's life with a maturity value of $200,000. The lot in St. Louis was purchased on May 2, 2014, for $85,000 and held as an investment. Because the neighborhood has deteriorated, Logan decided to cut his losses and sold the lot on January 5, 2019, for $80,000. The estate sale consisted largely of items belonging to Sara and Daniel (e.g., camper, boat, furniture, and fishing and hunting equipment). Logan estimates that the property sold originally cost at least twice the $9,000 he received and has declined or stayed the same in value since Sara and Daniel died.

Logan's expenditures for 2019 include the following:

Medical expenses (including $10,500 for dental) $11,500
Taxes—
   State of Missouri income tax (includes withholdings during 2019) $4,200
       Property taxes on personal residence 4,500 8,700
Interest on home mortgage (Boone State Bank) 5,600
Contribution to church (paid pledges for 2019 and 2020) 4,800

While Logan and his dependents are covered by his employer's health insurance policy, he is subject to a deductible, and dental care is not included. The $10,500 dental charge was for Helen's implants. Helen is Logan's widowed mother, who lives with him (see below). Logan normally pledges $2,400 ($200 per month) each year to his church. On December 5, 2019, upon the advice of his pastor, he prepaid his pledge for 2020.

Logan's household, all of whom he supports, includes the following:

Social Security Number Birth Date
Logan Taylor (age 48) 123-45-6787 08/30/1971
Helen Taylor (age 70) 123-45-6780 01/13/1949
Asher Taylor (age 23) 123-45-6783 07/18/1996
Mia Taylor (age 22) 123-45-6784 02/16/1997

Helen receives a modest Social Security benefit. Asher, a son, is a full-time student in dental school and earns $4,500 as a part-time dental assistant. Mia, a daughter, does not work and is engaged to be married.

Federal income tax of $4,500 was withheld from his wages.

Required:

Compute Logan's income tax for 2019. If Logan has any overpayment on his income tax, he wants the refund sent to him. Assume that the proper amounts of Social Security and Medicare taxes were withheld. Logan does not own and did not use any virtual currency during the year, and he does not want to contribute to the Presidential Election Campaign Fund.

Please Complete a 2019 1040 Form for this problem.

In: Accounting

Logan B. Taylor is a widower whose wife, Sara, died on June 6, 2017. He lives...

Logan B. Taylor is a widower whose wife, Sara, died on June 6, 2017. He lives at 4680 Dogwood Lane, Springfield, MO 65801. He is employed as a paralegal by a local law firm. During 2019, he had the following receipts:

Salary $ 80,000
Interest income—
   Money market account at Omni Bank $300
   Savings account at Boone State Bank 1,100
   City of Springfield general purpose bonds 3,000 4,400
Inheritance from Daniel 60,000
Life insurance proceeds 200,000
Amount from sale of St. Louis lot 80,000
Proceeds from estate sale 9,000
Federal income tax refund (for 2018 tax overpayment) 700

Logan inherited securities worth $60,000 from his uncle, Daniel, who died in 2019. Logan also was the designated beneficiary of an insurance policy on Daniel's life with a maturity value of $200,000. The lot in St. Louis was purchased on May 2, 2014, for $85,000 and held as an investment. Because the neighborhood has deteriorated, Logan decided to cut his losses and sold the lot on January 5, 2019, for $80,000. The estate sale consisted largely of items belonging to Sara and Daniel (e.g., camper, boat, furniture, and fishing and hunting equipment). Logan estimates that the property sold originally cost at least twice the $9,000 he received and has declined or stayed the same in value since Sara and Daniel died.

Logan's expenditures for 2019 include the following:

Medical expenses (including $10,500 for dental) $11,500
Taxes—
   State of Missouri income tax (includes withholdings during 2019) $4,200
       Property taxes on personal residence 4,500 8,700
Interest on home mortgage (Boone State Bank) 5,600
Contribution to church (paid pledges for 2019 and 2020) 4,800

While Logan and his dependents are covered by his employer's health insurance policy, he is subject to a deductible, and dental care is not included. The $10,500 dental charge was for Helen's implants. Helen is Logan's widowed mother, who lives with him (see below). Logan normally pledges $2,400 ($200 per month) each year to his church. On December 5, 2019, upon the advice of his pastor, he prepaid his pledge for 2020.

Logan's household, all of whom he supports, includes the following:

Social Security Number Birth Date
Logan Taylor (age 48) 123-45-6787 08/30/1971
Helen Taylor (age 70) 123-45-6780 01/13/1949
Asher Taylor (age 23) 123-45-6783 07/18/1996
Mia Taylor (age 22) 123-45-6784 02/16/1997

Helen receives a modest Social Security benefit. Asher, a son, is a full-time student in dental school and earns $4,500 as a part-time dental assistant. Mia, a daughter, does not work and is engaged to be married.

Federal income tax of $4,500 was withheld from his wages.

Required:

Compute Logan's income tax for 2019. If Logan has any overpayment on his income tax, he wants the refund sent to him. Assume that the proper amounts of Social Security and Medicare taxes were withheld. Logan does not own and did not use any virtual currency during the year, and he does not want to contribute to the Presidential Election Campaign Fund.

Please complete Form 8949 for this problem.

In: Accounting

AFAF IBRAHIM MELEIS: TRANSITIONS THEORY Sue Kim, 49 years of age, emigrated from South Korea to...

AFAF IBRAHIM MELEIS: TRANSITIONS THEORY

Sue Kim, 49 years of age, emigrated from South Korea to the United States 6 years ago. Her family came to the US to educate their children and moved in with family members in Los Angeles.
Sue and her husband graduated from a top-ranked university in South Korea, and her husband also had a master’s degree in business. However, their English skills were not adequate for them to get jobs in the United States. Instead, they opened a Korean grocery store with the money they brought from South Korea, and they managed to settle down in Los Angeles, where a number of Koreans are living.
They have two children: Mina, a 25-year-old daughter who is now the manager of a local shop, and Yujun, a 21-year-old son who is a college student. Both children were born in South Korea and moved to United States with Sue. The children had a hard time, especially Mina, who came to the United States in her senior year of high school. However, the children finally adapted to their new environment. Now, Mina is living alone in one-bedroom apartment near downtown, and Yujun is living in a university dormitory.
The Kim’s are a religious family and attend their community’s protestant church regularly. They are involved in many church activities. Sue and her husband have been too busy to have regular annual checkups for the past 6 years.
About 1 year ago, Sue began to have serious indigestion, nausea, vomiting, and upper abdominal pain; she took some over-the-counter medicine and tried to tolerate the pain. Last month, her symptoms became more serious; she visited a local clinic and was referred to a larger hospital. Recently, she was diagnosed with stomach cancer after a series of diagnostics tests and had surgery; she is now is undergoing chemotherapy.
You are the nurse who is taking care of Sue during this hospitalization. Sue is very polite and modest whenever you approach her. Sue is very quiet and never complains about any symptoms or pain. However, on several occasions, you think that Sue is in serious pain, when considering her facial expressions and sweating forehead. You think that Sue’s English skills may not allow her to adequately communicate with health care providers. Also, you find that Sue does not have many visitors -only her husband and two children.
You frequently find Sue praying while listening to some previous songs. You also find her sobbing silently. About 2 weeks are left until Sue finishes chemotherapy. You think that you should do something for Sue so she will not suffer through pain and symptoms that could be easily controlled with existing pain-management strategies. Now, you begin some preliminary planning.

QUESTIONS:
1. Consider the patterns of response that Sue is showing. What are the indicators of healthy transition(s)? What are the indicators of unhealthy transition(s)?
2. Reflect on how Transitions Theory helped your assessment and nursing care for Sue.
3. If you were Sue’s nurse, what would be your first action/interaction with her? Describe a plan of nursing care for Sue.

In: Nursing

A bond with a $1,000 par, 4 years to maturity, a coupon rate of 3%, and...

A bond with a $1,000 par, 4 years to maturity, a coupon rate of 3%, and annual payments has a yield to maturity of 3.3%. What will be the percentage change in the bond price if the yield changes instantaneously to 4.7%?

In: Finance

If you had to make the game of baseball more attractive for viewers and fans, what...

If you had to make the game of baseball more attractive for viewers and fans, what would you do, and what do you think will be the impact?

Case Study V Tracking Industry Changes

In: Finance

Which of the following would result in a decrease in bond prices?


Which of the following would result in a decrease in bond prices?



Interest rates decrease.


Time passes and a discount bond moves closer to maturity.


The bond rating of a bond changes from BBB to C.

In: Finance

Why would a security loss prevention manager choose to hire an outside firm to review security...

Why would a security loss prevention manager choose to hire an outside firm to review security operations and make recommendations for changes as well as insurance options rather than conduct the study internally?

In: Operations Management

A sample of gas in a balloon has an initial temperature of 27 ∘C and a...

A sample of gas in a balloon has an initial temperature of 27 ∘C and a volume of 1290 L . If the temperature changes to 63 ∘C , and there is no change of pressure or amount of gas, what is the new volume, V2, of the gas?

In: Chemistry

Your client would like to know the differences between zero-coupon bonds and coupon-paying bonds. Which type...

Your client would like to know the differences between zero-coupon bonds and coupon-paying bonds. Which type of bond’s price is more sensitive to interest rate changes? (Explain in details)

In: Finance