Mimi had $40,000 in federal income taxes withheld in 2013. Because of a sizable amount of itemized deductions, she figured that she had no further tax to pay for the year. For this reason and because of personal problems, and without securing an extension, she did not file her 2013 return until July 1, 2014. Actually, the return showed a refund of $2,400, which Mimi ultimately received. On May 10, 2017, Mimi filed a $16,000 claim for refund of her 2013 taxes. Show your work. a. How much of the $16,000 will Mimi rightfully recover? b. How would your analysis differ if Mimi had secured from the IRS an automatic six-month extension of time for filing her 2013 return? Solution Order id: 21063 Topic: Long term Shares and Federal Bonds Spacing: Double Spaced Document Type: Homework Urgent Number of Pages: 1 Subject Category: Finance Style: APA Description: Instructions: There is one excel file in the attachment which has 2 sheets the first one is for the long term bonds and the other one is Dow jones shares long term ones from QE 1, 2 and 3. 1) you need to compare QE 1, 2 and 3 for the federal bonds for 1 yr, 10yr and 30yr just the major points.2) need to write half page for the Dow jones share sheet comparing QE 1, 2 and 3 and analyze the sheet. References: 1 Preferred Language: English US .

1. Mimi had $40,000 in federal income taxes withheld in 2013. Because of a sizable amount of
itemized deductions, she figured that she had no further tax to pay for the year. For this reason
and because of personal problems, and without securing an extension, she did not file her 2013
return until July 1, 2014. Actually, the return showed a refund of $2,400, which Mimi ultimately
received. On May 10, 2017, Mimi filed a $16,000 claim for refund of her 2013 taxes. Show your
work.
a. How much of the $16,000 will Mimi rightfully recover?
b. How would your analysis differ if Mimi had secured from the IRS an automatic six-month
extension of time for filing her 2013 return?
Solution
Order id: 21063
Topic: Long term Shares and Federal Bonds
Spacing: Double Spaced
Document Type: Homework
Urgent
Number of Pages: 1
Subject Category: Finance
Style: APA
Description: Instructions: There is one excel file in the attachment which has 2 sheets the first
one is for the long term bonds and the other one is Dow jones shares long term ones from QE 1,
2 and 3. 1) you need to compare QE 1, 2 and 3 for the federal bonds for 1 yr, 10yr and 30yr just
the major points.2) need to write half page for the Dow jones share sheet comparing QE 1, 2 and
3 and analyze the sheet.
References: 1

2. Preferred Language: English US