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____ [38]
3 years ago
7

If you are e-filing your tax returns, explain why it is beneficial to file your federal and state taxes through the same e-filin

g service.
Business
1 answer:
Rudik [331]3 years ago
6 0

Why  it is beneficial to file your federal and state taxes through the same e-filing service is: It help to reduces the paper used to file tax returns.

<h3>What is e-filing?</h3>

e-filing can be defined as the porcess of filling your tax returns electronically.

e-filing is important as it enables tax payer to easily file their federal and state returns at the same time.

This help to reduces the paper used to file tax returns and it as well help to prevent lost or delayed of tax returns.

Inconclusion  e-filing  It help to reduces the paper used to file tax returns.


Learn more about e-filing here:brainly.com/question/25783927

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Ashton’s gross pay is $82,000. he receives tax credits of $2,000. he pays total taxes of $4,500. what are his taxable and dispos
exis [7]
A taxable income is the total amount of money left after being deducted by other government payments. Meanwhile, a disposable income is the accounting of income taxes in an employee's payroll. Therefore, Ashton's taxable income is, $80,000 while his disposable income is $75,500.
7 0
4 years ago
Why doesn’t the fact that the ‘’Inflation solution" is only a temporary solution to stop many developing countries from using it
Lynna [10]

Explanation:

Remember, inflation is scenario in an economy in which there occurs a constant rise in the prices of commodities/services in the market, which may lead to a reduction of the money in circulation.

Although, developing countries could use alternative approaches such as taxation or cutting down government expenditure, they do not use this but prefer "inflation solution" because it appears to be the easy way out.

Since, taxes are always lesser than required to run the economies of developing countries they (the government) may not use this approach.

5 0
4 years ago
A firm has a debt-equity ratio of .57. what is the total debt ratio? .36
Dmitriy789 [7]

Answer: The total debt ratio is 0.36

The debt ratio and the debt equity ratio are established by the following identity:

Debt Ratio = \frac{D/E}{1+D/E}

where D/E is debt equity ratio

Substituting the value of D/E ratio in the formula above we get,

Debt Ratio = \frac{0.57}{1+0.57}

Debt Ratio = \frac{0.57}{1.57}

Debt Ratio = 0.36

4 0
3 years ago
The ledger of Nash Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entri
Triss [41]

Answer:

Nash Rental Agency

The Journal General

Adjusting Entries

March 31

1. Depreciation Expense        $ 1848 Dr.

 Accumulated Depreciation   $ 1848 Cr.

1. The equipment depreciates $616 per month. $616 * 3=  $ 1848

   

Unearned Revenue      $ 2040

Revenue Earned               $ 2040

2. Half of the unearned rent revenue was earned during the quarter.

= 4080/2= $ 2040

3. Interest Expense  $220 Dr.

Interest Payable $ 220 Cr.

3. Interest of $880 is accrued on the notes payable.

Interest Payable $ 880/12 *3= $ 220

4. Supplies Expense $ 723  Dr.

Supplies  Account        $ 723 Cr.

4. Supplies on hand total $1,870. $ 2593- $ 1870= $ 723 Supplies were used.

5. Insurance Expenses   $ 2460 Dr.

Prepaid Insurance    $ 2460 Cr.

5. Insurance expires at the rate of $880 per month.

Insurance Expense $880*3= $2460 for the quarter

3 0
3 years ago
Does anyone know any reliable real , not fake money winning apps ,?
Soloha48 [4]

Ibotta, Rakuten, Swagbucks, Fiverr, Upwork, OfferUp, Poshmark

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3 years ago
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