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Leokris [45]
1 year ago
8

Andy filed a fraudulent 2021 tax return on May 1, 2022. The statute of limitations for IRS assessment on Andy's 2021 tax return

should end:
Business
1 answer:
Jlenok [28]1 year ago
3 0

E)None of the choices are correct.

A tax go-back is a document filed with a tax authority that reviews earnings, expenses, and different applicable financial facts. On tax returns, taxpayers calculate their tax legal responsibility, schedule tax payments, or request refunds for the overpayment of taxes.

Whilst to anticipate Your Refund. Refunds are typically issued inside 21 days of while you electronically filed your tax return or forty two days of while you filed paper returns. If it is been longer, discover why your refund may be behind schedule or might not be the quantity you anticipated.

Taxpayer information precis, like AIS, can be downloaded from the e-filing portal of the earnings Tax branch. To get admission to your TIS, click on AIS underneath the offerings tab of the I-T portal. click "Taxpayer data declaration" on the subsequent web page to download it in a password-protected PDF.

Your question is incomplete. Please find below the complete question.

Andy filed a fraudulent 2021 tax return on May 1, 2022. The statute of limitations for IRS assessment on Andy's 2021 tax return should end:

A)May 1st, 2025.

B)April 15th, 2025.

C)May 1st, 2028.

D)April 15th, 2028.

E)None of the choices are correct.

Learn more about tax returns here brainly.com/question/25783927

#SPJ4

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Everett just finished building a website for his bus-touring company using the Google My Business website builder. He followed t
algol [13]

It should be live on the web in only a few minutes.

Explanation:

The app developer for small companies has officially been announced by Google. The new tool called simply "Website" is free and gives small business owners an opportunity to create and produce websites on a laptop or mobile phone in minutes.

60 per cent of small companies in the world don't have their own websites, according to Google. With the launch of the new website creator, Google is clearly trying to increase that number.

Website is an expansion of Google My Business. You will therefore need a full GMB database to use the application. To create a website, Google automatically pull details from your GMB listing and can then be personalized with subjects, photographs and text.

7 0
2 years ago
Listed below are several transactions that took place during the first two years of operations for the law firm of Pete, Pete, a
umka2103 [35]

Answer:

<u>Cash Flow</u>

year 1: cash generated in operating activities:    35,000

year 2: cash used in operating activities (28,000)

<u>Receivables:</u>

year 1: 23,000

year 2: 40,000

<u>Net Income</u>

year 1: 32,000

year 2: 59,000

Explanation:

<u></u>

Cash flow:

<u>operating activities: year 1</u>

collected from client                    170,000

salaries paid to employees        (100,000)

utilities                                           (35,000)

insurance policy                           (63,000)

cash used in operating activities (28,000)

<u>operating activities: year 2</u>

collected from client                     200,000

salaries paid to employees           (110,000)

utilities                                             (55,000)

cash generated in operating activities:    35,000

receivable:

billed - collected

year 1 receivables 193,000 - 170,000 = 23,000

year 2 receivables 240,000 - 200,000 = 40,000

<u>Income Statement year 1</u>

fees revenues 193,000

salaries           (100,000)

utilities            (40,000) (incurred cost)

insurance        (21,000)  (63,000 for three years, the value of 1 year is 21,000)

net income          32,000

<u></u>

<u>Income Statement year 2</u>

fees revenues 240,000

salaries           (110,000)

utilities            (50,000) (incurred cost)

insurance        (21,000)  (63,000 for three years, the value of 1 year is 21,000)

net income      59,000

5 0
2 years ago
Given this project and the requirement that the number of resources working on a task cannot be less than the number assigned to
Marizza181 [45]

Answer: c. 5 days, 7 workers

Explanation: With the project requirements provided, and with the least of number of resources working on the task not less than the number of those assigned to the task.

The least amount of time for the project to complete would be approximately 5 days, and the resources needed to complete the task would be approximately 7 workers.

8 0
3 years ago
Based on the spreadsheet below, which of the following is a true statement? a. The net cash flow is negative. b. The net cash fl
Afina-wow [57]

Answer:

c. The net cash flow is positive.

Explanation:

A net positive balance occurs when the total cash inflow exceeds total cash outflows.  Inflow is cash coming in, while outflow is cash leaving the business. In a business, sales represent cash inflows, while expenditure represents cash outflows.

In this case, the sales total to $1,600 while expenses are $1,490. The net cash flow is the difference between the inflows and the outflows. Here, the difference is a positive $110.

6 0
2 years ago
Read 2 more answers
The internal rate of return (IRR) refers to the compound annual rate of return that a project generates based on its up-front co
Sav [38]

Answer:

The answer and procedures of the exercise are attached in the following archives.

Explanation:

Consider this explanation too

The IRR is the project’s expected rate of return, assuming that intermediate cash flows also earn the IRR. If this return exceeds the cost of the capital invested in the project, the excess value goes to the firm’s shareholders. Therefore, independent projects whose IRR is greater than the WACC should be accepted.

Therefore in this case WACC of the project is 7% and IRR of the project is 1.86% which is less than WACC of the project. Hence the firm reject the project delta.

Calculation of IRR is based on Cash inflows and outflows for the number of years so that increase in cost of capital will not affect IRR.

5 0
2 years ago
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