What will be the end result for the taxpayer who filed her federal income tax return using the 1040EZ form shown below?
Payments,
Credits,
and Tax
7
8
9a
2045 00
400 00
000
10
244500
7 Federal income tax withheld from Form) W-2 and 1099.
8
Making work pay credit (ses worksheet on back).
9a Earned Income credit (EIC) (see page 13).
b Nontaxable combat pay election
ob
0 00
10 Add lines 7, 8 and 9a. These are your total payments and credits
11 Tas. Use the amount on line 6 above to find your tax in the tax table on pages 27
through 35 of the instructions. Then, enter the tax from the table on this line.
12a Ir line 10 is larger than line 11. subtract line 11 from line 10. This is your refund.
If Form 8888 is attached, check here
b Routing number
c Type: Checking
11
2293 00
12a
Savings
Refund
Have a directly
doposited! See
page 18 and fill in
126, 120
and 12d or
Fom 8888
Amount
you owe
d Account number
13
If line Il is larger than line 10, subtract line 10 from line 11. This is
the amount you owe. For details on how to pay, see page 19.
13

Peninsula products has just applied for a loan at your bank. when reviewing peninsula's books for the year that just ended, you notice that the firm uses the fair value option for its bonds payable. you also see that the firm recorded a $55,000 debit in its bonds payable account and a $55,000 credit in its unrealized holding gain or loss"income account. over that same period, interest rates decreased by about 0.5 percent. how should this information affect the bank's decision as to whether to grant peninsula a loan? a : the bank should strongly consider giving a loan to peninsula because the changes in firm's bonds payable and unrealized holding gain or loss"income accounts suggest that peninsula has seen an increase in its credit rating over the past year. b : the bank should put little emphasis on the changes in peninsula's bonds payable and unrealized holding gain or loss"income accounts because these changes are likely the result of the rise in interest rates. c : the bank should hesitate before giving a loan to peninsula because the changes in firm's bonds payable and unrealized holding gain or loss"income accounts suggest that peninsula has seen a decline in its credit rating over the past year. d : the bank should put little emphasis on the changes in peninsula's bonds payable and unrealized holding gain or loss"income accounts because these changes are likely unrelated to either interest rates or the firm's credit rating.

Which statement about the cost of the options is true? she would save $1,000 by choosing option b. she would save $5,650 by choosing option a. she would save $11,200 by choosing option b. she would save $11,300 by choosing option a.

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks