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Lelechka [254]
2 years ago
12

Which of the following is a period during which aggregate output, as measured by real GDP, declines

Business
1 answer:
Klio2033 [76]2 years ago
4 0

Answer:

D. Recession

Explanation:

Aggregate output in an economy declines during a recession. This is because economic activities are declining. When such occurs GDP declines. This is different from stagflation in the sense that during a recession, only real GDP declines. However, in a stagflation, the fall in GDP also results to the increase in inflation. During recessions, economic activities are low so is price level.

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Who may be affected by monetary penalties imposed by the Internal Revenue Service when a Tax Professional fails to meet due dili
Evgesh-ka [11]

Answer:

Both the tax practioner and the assessee will be liable for penalties under IRS 6695(a)

Explanation:

When a tax preparer is paid to arrange the tax return of a client they must follow preparer due diligence laws.

This is the case when the preparer is trying to get a refund of earned income tax credit, child tax credit, American opportunity tax credit, or filing of head of household status.

The effect on the tax preparer's client include:

- refund of amounts collected in error because of wrong return

- a two year ban from claiming credits if error is due to recklessness

- a ten year ban if error is as a result of fraud

The consequences for the tax preparer includes:

- for each requirement not met a $500 penalty

- suspension from the IRS e-file

- a ban from tax preparations

- in cases of fraud criminal charges can be made

5 0
3 years ago
In developing a marketing plan, the section on goals and objectives defines the parameters by which the firm will measure actual
Darina [25.2K]

Answer:

Evaluation and control

Explanation:

The goals and objectives section shows the things that the company wants to accomplish. As the statement indicates that the section on goals and objectives defines the parameters by which the firm will measure actual performance, we can infer that this refers to the evaluation and control section because this part of the marketing plan includes the measurements that will help you evaluate if the objectives can be accomplished, the performance standards to which the indicators are compared and the actions to take if the goals are not achieved. According to this, the answer is that in this respect, the goals and objectives section is tied closely to the evaluation and control section of the marketing plan.

3 0
3 years ago
Payne, Inc., a nonpublicly traded company, implemented a defined benefit pension plan for its employees on January 2, year 2. Th
Dovator [93]

Answer:

b. $25,000

Explanation:

For computing the pension liability amount, we need to do apply the formula which is shown below:

= Projected benefit obligation - Fair value of plan assets

= $103,000 - $78,000

= $25,000

The net periodic pension cost and the employer's contribution is not relevant. So, these items are ignored and hence not included in the computation part.

The excess amount is shown as a pension liability.

7 0
3 years ago
What is the amount of money you still owe to their credit card company called
irina1246 [14]
Are you talking about Debt?
7 0
3 years ago
Read 2 more answers
If you were starting a new business, describe at least three departments to the company that you would need right away. Why are
Natali [406]

Answer:

I would need a computer and then a laptop to work fast as I can and that will make me get more money

7 0
3 years ago
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