1. Please use this google drive link to download the answer file.       

https://drive.google.com/file/d/1oMCwCdks5TTi6oCngC6T4r4I9DTWSQaZ/view?usp=sharing

Note: If you have any trouble in viewing/downloading the answer from the given link, please use this below guide to understand the whole process. 

https://helpinhomework.org/blog/how-to-obtain-answer-through-google-drive-link

2. 

Schedule A is an IRS form used to claim itemized deductions on your tax return. You fill out and file a Schedule A at tax time and attach it to or file it electronically with your Form 1040. The title of IRS Schedule A is “Itemized Deductions.”

How to fill out Schedule A

Schedule A is a place to tally various itemized deductions you want to claim. You then enter the total deductions on your Form 1040.

Stuff you’ll need if you want to claim any of the most popular itemized deductions:

• Form 1098 from your mortgage lender (it shows interest you paid for the year).
• Property tax bills, state income tax records and sales tax records.
• Receipts for unreimbursed medical expenses.
• Records of your charitable donations during the year.

How the tax form works 

Schedule A for the 2019 tax year

• Schedule A is divided into seven sections: Medical and dental expenses, taxes you paid, interest you paid, gifts to charity, casualty and theft losses, other itemized deductions and a section for your total itemized deductions.
• Each of the seven sections has subsections so that you can add up various types of expenses that qualify for the deduction.
• Once you have a grand total of the itemized deductions, you enter that on your Form 1040.

Who needs to file Schedule A tax form

Schedule A is for itemizers — people who opt to pick and choose from the multitude of individual tax deductions out there instead of taking the flat-dollar standard deduction at tax time.

Itemizing (and thus, filing Schedule A) usually will save you money if the sum of your itemized deductions is greater than the standard deduction. In 2019 and 2020, the standard deduction is as follows:

Filing status	2019 tax year	2020 tax year
Single	$12,200	$12,400
Married, filing jointly	$24,400	$24,800
Married, filing separately	$12,200	$12,400
Head of household	$18,350	$18,650

If you want to itemize and take any of these popular tax deductions, you’ll need to file Schedule A:

• Mortgage interest deduction.
• Deduction for state and local income taxes paid.
• Medical expense deduction.
• Charitable donations deduction.

Here are some other tax deductions that require filing Schedule A:

• Casualty and theft losses in a federally declared disaster area.
• Gambling losses.
• Casualty and theft losses of certain income-producing property.
• Losses from Schedule K-1
• Federal estate taxes on income.
• Amortizable bond premiums.
• Ordinary loss attributable to certain bond investments.
• Certain repayments of Social Security or other income.
• Certain unrecovered investments in a pension.
• Impairment-related work expenses for the disabled.

In the given question items for which schedule A deduction is available is:

A) 2020 fourth quarter state income tax payment paid in time - available

B) City tax for 2018 paid in current year-available

Reason for both A and B is:

State, Local, and Foreign Income Taxes -- State and Local General Sales Taxes

State and local income taxes withheld from your wages during the year appear on your Form W-2. You can elect to deduct state and local general sales taxes instead of state and local income taxes, but you can't deduct both. If you elect to deduct state and local general sales taxes, you can use either your actual expenses or the optional sales tax tables. The following amounts are also deductible:

• Any estimated taxes you paid to state or local governments during the year, and
• Any prior year's state or local income tax you paid during the year.

C) Luxury tax in excess of state tax on purchase of new car- Not available

Reason: Luxury tax is not a deductible item given in the schedule.

Schedule A for the 2019 tax year

• Schedule A is divided into seven sections: Medical and dental expenses, taxes you paid, interest you paid, gifts to charity, casualty and theft losses, other itemized deductions and a section for your total itemized deductions.
• Each of the seven sections has subsections so that you can add up various types of expenses that qualify for the deduction.
• Once you have a grand total of the itemized deductions, you enter that on your Form 1040.

Who needs to file Schedule A tax form

Schedule A is for itemizers — people who opt to pick and choose from the multitude of individual tax deductions out there instead of taking the flat-dollar standard deduction at tax time.

Itemizing (and thus, filing Schedule A) usually will save you money if the sum of your itemized deductions is greater than the standard deduction. In 2019 and 2020, the standard deduction is as follows:

Filing status	2019 tax year	2020 tax year
Single	$12,200	$12,400
Married, filing jointly	$24,400	$24,800
Married, filing separately	$12,200	$12,400
Head of household	$18,350	$18,650

If you want to itemize and take any of these popular tax deductions, you’ll need to file Schedule A:

• Mortgage interest deduction.
• Deduction for state and local income taxes paid.
• Medical expense deduction.
• Charitable donations deduction.

Here are some other tax deductions that require filing Schedule A:

• Casualty and theft losses in a federally declared disaster area.
• Gambling losses.
• Casualty and theft losses of certain income-producing property.
• Losses from Schedule K-1
• Federal estate taxes on income.
• Amortizable bond premiums.
• Ordinary loss attributable to certain bond investments.
• Certain repayments of Social Security or other income.
• Certain unrecovered investments in a pension.
• Impairment-related work expenses for the disabled.

In the given question items for which schedule A deduction is available is:

A) 2020 fourth quarter state income tax payment paid in time - available

B) City tax for 2018 paid in current year-available

Reason for both A and B is:

State, Local, and Foreign Income Taxes -- State and Local General Sales Taxes

State and local income taxes withheld from your wages during the year appear on your Form W-2. You can elect to deduct state and local general sales taxes instead of state and local income taxes, but you can't deduct both. If you elect to deduct state and local general sales taxes, you can use either your actual expenses or the optional sales tax tables. The following amounts are also deductible:

• Any estimated taxes you paid to state or local governments during the year, and
• Any prior year's state or local income tax you paid during the year.

C) Luxury tax in excess of state tax on purchase of new car- Not available

Reason: Luxury tax is not a deductible item given in the schedule. 

to see the full answer please find attached.

3. 

No. Date Accounts Title & Explanation Debit Credit     1 31-Oct Supplies Expense $1,600   ($2,300 - $700)       Supplies   $1,600                   2 31-Oct Insurance expense $300           Prepaid Insurance   $300                   3 31-Oct Depreciation Expense - Equipment $80           Accumulated Depreciation - Equipment   $80                   4 31-Oct Unearned Service Revenue $600           Service Revenue   $600                   5 31-Oct Accounts Receivable $300           Service Revenue   $300                   6 31-Oct Interest Expense $90           Interest Payable   $90                   7 31-Oct Salaries & Wages Expense $1,200           Salaries Payable   $1,200                     Note Supplies Expense             Supplies (Opening Balance - Unadjusted Balance at Oct-31) $2,300           Supplies On Hand at Oct-31 $700             $1,600