Access to company equipment for personal use


How you file the following items on Form 1040? Please be specific and inclue any extra calculations required.
-Group-term life insurance coverage of $50,000. Cost to cover for the company for the tax year is $150

-Access to company equipment for personal use (ex: the use of the copier for $40 worth of copies for a church activity)

-being a 50% owner of a company, a subchapter S corporation. The company reports ordinary business income for the year of $22,000. The company's employer ID number is also available if needed.

-state income tax withholding

-child support payment (pretty certain this isn't reported, but just double checking!)

-Life insurance proceed from the death of a family member (pretty certain this is also not reported)

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Accounting Basics: Access to company equipment for personal use
Reference No:- TGS0557118

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