Imagine that you are preparing taxes for a local tax service provider. A married couple named Judy and Walter Townson have come to you to seeking assistance with their federal income taxes. During your meeting with the Townsons, you gather the following information: They are both 55 years of age. They have two daughters and one son. One daughter (age 25) is married with children. One daughter (age 20) is living at home and attending college. Their son (age 16) is a junior in high school. They are currently paying for their college-student daughter to attend school full time. Judy is employed as a teacher and makes $60,000 a year. She used $500 of her personal funds to purchase books and other supplies for her classroom. Walter is employed as a CPA and makes $100,000 a year. They provided you a 1099-INT which reported $4,500 in interest of which $500 was savings bond interest. They provided you a 1099-DIV which reported $300 in dividends. They received a state tax refund last year of $385. They provided you a list of expenses including: Doctor’s bills, $800 Prescriptions, $400 New glasses, $2000 Dental bills, $560 Braces, $5000 Property taxes for their two cars of $800, which included $50 in decal fees Real estate taxes of $4500 Mortgage interest of $12,000 Gifts to charities, $1000 GoFundMe contribution to local family in need, $100 Tax Preparation Fees for last year’s taxes, $400 Consider the most beneficial way for Judy and Walter to file their federal income tax return. Prepare a brief written summary that addresses the following: Estimated taxable income for Judy and Walter (please show computations!) Summary of tax return, including any suggestions or tax planning considerations Explain how you determined the filing status, dependents, and use of standard/itemized deduction. Note: The summary should be no more than 500 words and should be uploaded as a Word document with a cover page via the Blackboard assignment tab in Week 5. The specific course learning outcomes associated with this assignment are: Review tax authorities and sources of tax law. Assess the concepts of gross income and strategies to minimize gross income. Examine deductions from income, limitations on those deductions, and strategies for maximizing deductions.

A consulting firm was hired to conduct a survey on people living in New York City. The survey was completed monthly for six months by 445 randomly-selected people in different boroughs. There were a number of items on the survey, but six basic biographical items will be studied for this exercise. The data for the people surveyed in one of these monthly surveys can be found in the Excel file SURVEY. The variables that were used for the basic biographical data are found on the last page of the exercise. In this exercise, some of the estimation techniques presented in the module will be applied to the New York survey results. You may assume that these respondents represent a simple random sample of all potential respondents within the community, and that the population is large enough that application of the finite population correction would not make an appreciable difference in the results. New York City governmental agency personnel like to have point estimates regarding variables describing the biographical information of the people living within the different boroughs. It is very helpful for them to have some idea regarding the likely accuracy of these estimates as well. Therein lies the benefit of the techniques presented in this module and applied here. • Item A in the description of the data collection instrument lists variables 1 through 5, which represent the respondent’s general attitude toward each of the five boroughs. Each of these variables has numerically equal distances between the possible responses, and for purposes of analysis they may be considered to be of the interval scale of measurement. • Determine the point estimate, and then construct the 95% confidence interval for μ1= the average attitude toward Manhattan. • Repeat part (a) for μ2 through μ5, the average attitudes toward Brooklyn, Queens, The Bronx and Staten Island, respectively. • Given the breakdown of responses for variable 6 (highest level of education), determine the point estimate, and then construct the 95% confidence interval for p6= the population proportion of doctoral degrees. • Given the breakdown of responses for variable 7 (marital status of respondent), determine the point estimate, and then construct the 95% confidence interval for p7 = the population proportion in the “single or other” category. • Assume the governmental agencies requested estimates of the mean attitudes towards each borough with a margin of error of 0.05 for each borough. If the governmental agency personnel want to have 95% confidence that the sample mean will fall within this margin of error, how large should the sample sizes be for each borough? The introduction should describe or summarize the topic or problem. It might discuss the general applications of the topic or it might introduce the unique terminology associated with the topic. o The body of your paper should address the questions posed in the problem. Explain how you approached and answered the question or solved the problem, and, for each question, show all steps involved. Be sure this is in paragraph format, not numbered answers like a homework assignment. o The conclusion should summarize your thoughts about what you have determined from your analysis in completing the assignment. Nothing new should be introduced in the conclusion that was not previously discussed in the body paragraphs. • Include any tables of data or calculations, calculated values, and/or graphs referenced in the paper. (Note: The minimum required length excludes any tables or graphs.) • A. General Attitude toward Each Borough (Variables 1–5) 1. Manhattan 2. Brooklyn 3. Queens 4. The Bronx 5. Staten Island Like Very Much (5) (5) (5) (5) (5) Like (4) (4) (4) (4) (4) Neutral (3) (3) (3) (3) (3) Dislike (2) (2) (2) (2) (2) Dislike Very Much (1) (1) (1) (1) (1) B. Information about the Respondent (Variables 6–7) • What is your highest level of education? (1) = Did not complete High school (2) = High school degree/GED (3) = Associate’s degree (4) = Bachelor’s degree (5) = Master’s degree (6) = Doctoral degree Marital Status: (1) = Married (2) = Single or other.

The proportion is 14/40 students play sports.

A.- Estimate with 95% confidence the percent of students playing a sport at School(rec., club, or official team). Check the necessary conditions and interpret your confidence interval. No matter how you obtained your sample, pretend that it is a random sample for now.

B.

Use the data obtained in part 1 to answer the question: Is the percent of students playing a sport different than 50%? Complete all the usual steps.

A 32-year-old single mother of two school-age children was involved in a motor vehicle accident and sustained an incomplete spinal cord injury at the L2 level. She has weakness (strength 2/5) and decreased tone in the right lower extremity. She has paralysis and flaccidity in the left lower extremity. She is in her room crying and saying that she will never walk again or be able to care for her children. How should the nurse respond?

A poll is taken in which 367367 out of 600600 randomly selected voters indicated their preference for a certain candidate. Find a 8080% confidence interval for pp.

Kim wants to determine a 80 percent confidence interval for the true proportion of high school students in the area who attend their home basketball games. How large of a sample must she have to get a margin of error less than 0.02? [If no estimate is known for p, let p^p^ = 0.5]

onsider the following questions: How much does milk cost on the East Coast of the United States? How many minutes does it take to drive 30 miles at an average speed of 55 miles per hour? What is the age difference between you and your siblings? How many hours of sleep do teenagers get during the school year compared to summer vacation? Define each question as being or not being a statistical question and explain why.

An English teacher needs to pick 6 books to put on his reading list for the next school year, and he needs to plan the order in which they should be read. He has narrowed down his choices to 25novels, 21 plays, and 6 nonfiction books. If he wants to include an equal number of novels, plays, and nonfiction books, how many different reading schedules are possible? Express your answer in scientific notation rounding to the hundredths place.

Billy and Peg have two children, ages 8 and 14. They spent a total of $6,200 this year ($3,100 per child) on employment related expenses for the care of their children after school. Billy earned a salary of $17,000 and Peg earned a salary of $19,000. They do not have any deductions for AGI, and they file a joint return. Calculate the dollar amount of their tax credit for child and dependent care expenses.

A. $1,380. B. $1,035. C. $1,488. D. $720.