I need help completing these Forms 1040, 6251, 8582, 8960, and 8959 as well as Schedules 1, 2, 3, A, D, E

Note: This problem is for the 2019 tax year.
Robert A. Kliesh, age 41, is single and has no dependents. Robert’s Social Security number is 111-11-1115. His address is 727 Big Horn Avenue, Sheridan, WY 82801. He does not contribute to the Presidential Election Campaign fund through the Form 1040.
Robert works as a financial analyst and is well regarded in his field. This year his salary totaled $1,250,000. His professional success has allowed him to purchase investments in real estate and corporate stocks and bonds. He also spends time volunteering with various organizations that help people develop financial literacy skills.
Examination of Robert’s financial records provides the following information for 2019.
a.On January 16, 2019, Robert sold 1,000 shares of stock for a loss of $12,000. The stock was acquired 14 months ago for $17,000 and sold for $5,000. On February 15, 2019, he sold 400 shares of stock for a gain of $13,100. That stock was acquired in 2011 for $6,000 and sold for $19,100.b.He received $100,000 of interest on private activity bonds that he had purchased in 2015. He also received $40,000 of interest on tax-exempt bonds that are not private activity bonds.c.Robert received gross rent income of $190,000 from an apartment complex he owns. He qualifies as an active participant in the activity. The property is located at 355 North Milward, Jackson, WY 83001.d.Expenses related to the apartment complex, acquired in 2010, were $225,000.e.Robert earns no taxable interest income. Because he invests only in growth stocks, he receives no dividend income.f.He won $60,000 in the Wyoming lottery.g.Robert was the beneficiary of an $800,000 life insurance policy on the life of his uncle Jake. He received the proceeds in October.h.In February, Robert exercised an incentive stock option that was granted by his employer in 2016. The strike price of the option was $5 per share. On the date of exercise, the fair market value of the stock was $175 per share. Robert purchased 1,800 shares with the option; as of the end of the year, he still owns the stock (current FMV $138 per share).i.Robert incurred the following potential itemized deductions.$5,200 fair market value of stock contributed to the Red Cross (basis of stock was $3,000). He had owned the stock for two years. Robert also made cash contributions of $8,000 to qualified organizations during the year.
$4,200 interest on consumer purchases.
$18,900 state and local property taxes.
$15,000 of medical expenses that he paid on behalf of his administrative assistant, who unexpectedly took ill.
$8,000 paid for lottery tickets associated with playing the state lottery.
$750 contribution to the campaign of the Green Party candidate for governor.
Because Robert lived in Wyoming, he paid no state income tax.
j.Robert made estimated Federal income tax payments of $455,000; his employer withheld $9,450 of Federal income tax. Robert did not engage in any virtual currency transactions, and he was covered by health insurance for the entire tax year.Use Forms 1040, 6251, 8582, 8960, and 8959 as well as Schedules 1, 2, 3, A, D, E and the Qualified Dividends and Capital Gain Tax Worksheet to compute the tax liability (including AMT) for Robert A. Kliesh for 2019. Omit Forms 8283 and 8949.
Make realistic assumptions about any missing data.
If an amount box does not require an entry or the answer is zero, enter “0”.
Enter all amounts as positive numbers, unless instructed otherwise.
It may be necessary to complete the tax schedules before completing Form 1040.
When computing the tax liability, do not round your immediate calculations. If required, round your final answers to the nearest dollar.
Use the 2019 tax rate schedule provided.

Tax – Research Problem

Research Problem:
Samantha Spartan is an instructor of Accounting at Bull Ranch Community College (BRCC) located in
Lakewood Ranch, Florida. Instructors at BRCC are hired on a semester by semester basis as needed and
are paid as independent contractors receiving a 1099 for each semester’s work. Samantha has filed her
personal 1040 using a Schedule C to report income from self-employment. Samantha also prepares tax
returns for a number of clients and includes that income (and expenses from her account ting business)
on the same Schedule C along with her BRCC income. Samantha considers all her work “accounting”
and includes the teaching and client work on the same Schedule C since many of her clients are
recruited from her former students to subsequently become her clients. Samantha also sometimes
employs former students to help her with her growing accounting business.
Typically, instructors like Samantha have masters degrees and a professional credential such as the CPA.
These so-called “term faculty” receive contracts each semester based on student demand for classes at
BRCC.
Samantha has been teaching at BRCC each fall and spring semester for four years as she has been
offered a new contract for each semester (except summer) since she started teaching. Instructors like
Samantha teach classes at the undergraduate level and advise students.
The Dean of the Business College at BRCC has indicated to Samantha that there will no longer be
instructor positions like hers available at BRCC. The school is becoming a University and would be
required by statute to employ “terminally qualified” faculty as part of the school’s conversion to
University status. In order to continue working at BRCC Samantha would need to show progress toward
her Ph.D. degree.
Samantha enrolled in the highly regarded Ph.D. program at Southern State University in Atlanta and
must be on campus in Atlanta two days a month for her doctoral seminars. Samantha also recruited
clients in Atlanta so that she could service the clients when she made her trips to Atlanta. The Dean at
BRCC has arranged her classes so that Samantha can meet her obligations at BRCC and make her trips to
Atlanta. Additionally, the Dean provided a letter to Samantha indicating that the requirements for
teaching at BRCC would (by statute) require a Ph.D. degree from a respected school such as Southern
State in order for Samantha to keep her teaching position.
Samantha completed her first year at Southern State and (on her Schedule C) deducted her tuition
($28,000), travel costs to Atlanta ($12,000) and her books

Acct 301

What types of companies use job costing? How are overhead allocation rates determined by these companies?Explain and analyze your answer by providing examples of two Saudi companies that use job costing.
Answer:
Q2. Axel Ltd. uses a process costing system for its sole processing department. There were 16,000 units in beginning WIP inventory for March and 144,000 units were started in March. The beginning WIP units were 70% complete and the 13,000 units in ending WIP were 50% complete. All materials are added at the start of processing.
Required:
a) Compute the no. of units started

Hedge accounting

Would you recommend to the Controller executing a forward exchange contract in this situation? Why or why not? Be specific.
A cash flow hedge is a hedge of an exposure to variability in the cash flows of a specific asset or liability, or of a forecasted transaction, that is attributable to a particular risk. It is possible to only hedge the risks associated with a portion of an asset, liability, or forecasted transaction, as long as the effectiveness of the related hedge can be measured.
Explain the accounting for a cash flow hedge for the effective and the ineffective portion of any gain or loss for the hedging item and the hedged item on the income statement and the statement of OCI.
For a cash flow hedge, when a hedging transaction relates to a forecasted transaction, when should any gains or losses be reclassified from OCI to earnings?
Finally, under what circumstances or situations should cash flow hedges be terminated? Be specific.
A fair value hedge is a hedge of the exposure to changes in the fair value of an asset or liability. It is used to minimize fluctuations in earnings caused by changes in fair values from one period to another period.
Explain how the accounting for a fair value hedge differs for the hedged item and for the hedging item compared to the accounting for a cash flow hedge. Be specific and include an example, if you need to, to explain the difference.
Requirements:
Write a paper of 2-3 pages double-spaced in length, not counting the title and the reference page(s) and any Exhibit(s) or Appendices. Submissions in excess of 3 pages are acceptable.
Use terms, evidence, and concepts from the Module interactive lecture and readings, including professional business language.
Cite at least 3 credible, academic or professional sources for this assignment. The CSU Global Library (Links to an external site.) is a great place to find resources plus the FASB Codification.
Format your paper according to APA guidelines in the CSU Global Writing Center (Links to an external site.) .
Start with the links under the Research Help and Writing Help tabs on the CSU Global Library’s (Links to an external site.) homepage if you need assistance with writing style.
Review the week’s CT Assignment grading rubric for more information on expectations and how your Assignment will be graded by your instructor.

The correct and complete sequence of steps in conducting research is as follows

Assignment Question(s):(Marks 5)
Question 1: The correct and complete sequence of steps in conducting research is as follows:
Identify broad area,
Select topic,
Decide approach,
Formulate plan,
Collect information,
Analyze data,
Present findings.
Using our Saudi Digital library (SDL) you should find two papers and determine for each paper the steps described above.[2 marks]

Paper1
Paper 2
1.The broad area of the paper

2.The topic

3.Approach used

4.Data source

5. Data analysis

6.Findings

Question 2: Write a description of the research problem you propose to investigate and explain why you chose this topic. [2 marks]
Question 3: What are the five categories of research methods? [1 mark]

how “Vision and Mission statement” influence the organization’s decision and other 3

Examine with suitable examples, how “Vision and Mission statement” influence the organization’s decision making process? Also provide vision and mission statement of any two Saudi companies. (1.5 Marks)
Q2. The following data has been taken from the records of ABC Company for the year 2015: (1 Marks)
Month
Units Produced
Total Cost (SAR)
January
3,500
35,500
February
3,750
35,750
March
4,000
36,000
April
4,250
36,250
May
4,500
38,000
June
4,750
43,000
July
2,750
32,000
August
3,250
32,500

Required:

Using the high-low method of analysis, find out variable cost, fixed cost and determine a cost function.

Q3. MNM Corporation provides you the following accounting information related with a particular product: (1.5 Marks)
Particulars
Amount (SAR)
Selling price per unit
500
Variable cost per unit
200
Total fixed cost
240,000

Use cost volume profit analysis to answer the following questions:
Determine the break-even point in units?
Determine the break-even point in sales value SAR?
What will be the pretax profit if company sells 1,200 units of the product?

How many units the company will be required to sell to reach a target pretax profit of SAR 150,000?

Q4. X Ltd. makes metal products and sells a metal product for SAR 150 per units. The company’s variable cost is SAR 35 per units and total fixed cost are SAR 51,750. The company’s estimated next year budgeted sales are 1,500 units. You are required to calculate: (1 Marks)
Degree of operating leverage
Margin of safety in units

Margin of safety in SAR value

Cost-Volume-Profit (CVP)

No other submission format is allowed. Review the grading rubric to confirm you are meeting the assignment requirements.

Problem 1
Milwaukee Dairy Company produces cream, whole milk, and 2% milk. The joint cost of producing the three products is SAR 30,000. The split-off quantities and selling prices of each product are as follows:

Split-off Quantity (Gallons)
Price at Split off (SAR)
Cream
550
19.00
Whole milk
4,000
13.00
2% milk
1,200
6.50
Required: Calculate how much of the joint costs should be allocated to each product using the market value at split off method.
Problem 2
The following information pertains to Delicious Bakery Company:
GIVEN:
Janitorial Dept.
Cafeteria Dept.
Mixing Dept.
Baking Dept.
Square feet
420
820
2800
2500
Number of employees
12
25
65
120
Department cost (SAR)
620,000
1,200,000
3,200,000
4,200,000
Required: Allocate Janitorial and Cafeteria department costs to mixing and baking departments using the Direct method. Use square feet for allocating janitorial costs and number of employees for allocating cafeteria department costs.
Problem 3
Maintenance Hours
Maintenance Cost (SAR)
January
2,400
33,000
February
1,700
28,000
March
2,700
31,000
April
1,300
17,000
May
1,500
23,000
June
2,150
26,000
Required:
Calculate variable cost per unit using the high-low method.
Calculate fixed costs.
Calculate estimated costs at 2,700 maintenance hours.

Problem 4
Given the following:
Total (SAR)
Sales (40,000 units)
4,600,000
Variable expenses
2,700,000
Contribution margin
1,900,000
Fixed expenses
1,250,000
Net operating income
650,000
Required:
Calculate variable expense ratio
Calculate contribution margin ratio
Calculate break even sales in Units
Calculate break even sales in SAR
How many units must be sold to make a profit of 300,000 SAR?
Management is considering increasing the quality of its units by spending SAR 5 more per unit in variable costs and increasing advertising by SAR 80,000. Management believes these changes will increase unit sales by 20% at the same price.
Explain whether management should make the change and why or why not.

Module 07: Budgeting Concepts and Process APA STYLE

Is it wise to involve multiple parties at multiple levels in the organization in the budget preparation process? Why or why not?
Embed course material concepts, principles, and theories (which requires supporting citations) along with at least one scholarly, peer-reviewed reference supporting your answer. Keep in mind that these scholarly references can be found in the Saudi Electronic Library by conducting an advanced search specific to scholarly references
.For Your Success
In this module, it is important to follow the order in which the various budgets are prepared. Some of the numbers from one budget flow through as a starting point, or material part, of another budget.
Make sure to read all the assigned readings this week and complete the Check Your Understanding activity. We have a Discussion Question this week that covers whether it is wise to involve multiple parties at multiple levels in the organization in the budget preparation process. Review the assignment early in the week and contact your instructor if you have any questions or concerns.
Learning OutcomesExplain the purposes of budgeting.
Explain different approaches to budgeting.
Prepare the master budget and subsidiary budgets.
ReadingsRequired:Chapter 8 in Managerial Accounting
Libby, T.,

Create a Tax Memo

You are tasked to research a tax issue(s)/problem(s) and then draft a tax memo in the required format.
Directions:
I blind mark the tax memo so please
only include your RED ID for the author of the memo. If you really want
to use a name then please use “Jane Smith” irrespective of whether you
are male or female. Please ensure you use the tax reasearch database,
CCH AnswerConnect to help you research the issue(s) to be addressed in
the tax memo. Please look at the examples for the correct format for a
tax memo.
I will upload the overview and what how it will be graded. Please ensure you have looked at the rubric to ensure you understand how the tax memo will be evaluated.