ACC 613 Grand Canyon Week 5 Complete Work

ACC 613 Grand Canyon Week 5 Complete Work

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ACC 613 Grand Canyon Week 5 Discussion 1
Why are self-employed taxpayers allowed to deduct ½ of their self-employment taxes to calculate adjusted gross income? Self-employment taxes are based on 92.35% of self-employment net earnings (see Schedule SE). Does combining these two features of self-employment taxes create a greater benefit than salaried earnings on a W-2? Include references to any tax code or publications that you
use for your answer.
ACC 613 Grand Canyon Week 5 Discussion 2
Explain thetax similarities and differences between qualified defined contribution plans and nonqualified deferred compensation plans from an employee’s perspective and compare with theemployer’ sperspective. Include references to any tax code or publications that you use for your answer.

ACC 613 Grand Canyon Week 5 Assignment Problems
Details:
Complete the Individual Tax Return Problem #5 in Appendix C.Download the appropriate tax forms from the IRS website, .irs.gov/”>www.irs.gov.Make sure you download the forms for the tax year in your assigned problem in Appendix C, 2011. If the forms for that tax year are no longer available, you
can find prior year forms by entering “2xxx Forms” in the search box. This will guide you to a page that says “Prior Year Forms”.Click on this to get to the forms for your appropriate year. Include the necessary supporting schedules and supporting documentation.Demonstrations are available in the module readings and Course Materials.

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