All categories

2 years ago

What is the most common form of tax filing?

Business

2 answers:

saw5 [17]2 years ago

8 0

Answer:

1. Form 1040, U.S. Individual Income Tax Return. If you've ever wondered how the IRS calculates your income taxes, this is your one-stop form to unravel all the hidden gems. Form 1040 is where you declare your filing status, take your standard deductions, claim lucrative credits, and determine how much you owe the IRS.

brainlest pls

Studentka2010 [4]2 years ago

6 0

Form 1040, U.S. Individual Income Tax Return. ...

Form 1040-SR, U.S. Tax Return for Seniors. ...

Form W-2, Wage and Tax Statement. ...

Form W-4, Employee's Withholding Certificate. ...

Form W-4P, Withholding Certificate for Pension or Annuity Payments. ...

Form 1099-MISC, Miscellaneous Income.

I hope this helps!!

You might be interested in

How would you pay taxes on a earned income?

nasty-shy [4]

You must pay two types of taxes on earned income: Social Security/Medicare taxes (called FICA, OASDI, or payroll taxes) and income taxes. The payroll taxes that are withheld from your paycheck have two components.

3 0

3 years ago

Which two forms of financial aid require the student to bear the costs of college education??

Oxana [17]

The two forms of financial aid that is required for a student to bear the cost of college education are the following; direct loans and work study programs. It is because direct loans can help a student to provide money that they could lend and be paid off based on the time period it provides while work study program assist students in means of providing money for the student in which in return, they should work for them with no money to be paid for them.

5 0

3 years ago

Charles has decided to open a lawn-mowing company. To do so, he purchases mowing equipment for $, buys gasoline ($ in gas i

Masja [62]

Answer: $8,600

Explanation:

Implicit cost is also known as the opportunity cost which means that it is the benefit of the next best alternative that was foregone when the current decision was made.

The implicit cost here is therefore:

The $8,000 that Charles could have been making as a lifeguard.

The interest per year he could have been earning on the $5,000 he used to buy mowing equipment.

The depreciation on the mowing equipment because depreciation is not an explicit cost but an implicit one.

= 8,000 + (2% * 5,000) + (10% * 5,000)

= 8,000 + 100 + 500

= $8,600

6 0

3 years ago

In the figure below, ∆LMN is an equilateral triangle, side \overline {LM} LM is bisected by O, side \overline {LN} LM is bisecte

likoan [24]

Based on the calculations, the measure of angle PON (∠PON) in equilateral triangle LMN is equal to 30°.

<h3>What is an equilateral triangle?</h3>

An equilateral triangle can be defined as a special type of triangle that has equal side lengths and all of its three (3) interior angles are equal.

Since triangle LMN is an equilateral triangle, the following applies:

LN = LM = MN

∠LNM = ∠L = ∠LM = 60°

OP // MN (O and P are midpoint).

∠NPO = 90° + (90° - 60°) = 120°

∠PNO = ∠LNP/2 = 60/2 = 30°.

Therefore, ∠PON is given by:

∠PON = 180° - (∠PNO + ∠NPO)

∠PON = 180° - (30° + 120°)

∠PON = 180° - 150°

∠PON = 30°

Read more on equilateral triangle here: brainly.com/question/14709905

#SPJ1

4 0

2 years ago

Find the expected return for Jackson Corporation. Round to the nearset hundredth percent. Answer in the percent format. Do not i

Maksim231197 [3]

Question:

Jackson Corporation has expected return of 12% during recession, 20% during normal, and 40% during boom state of economy. Probability of recession, normal and boom states of economy is 0.25, 0.50, and 0.25 respectively. Find the expected return for Jackson Corporation. Round to the nearset hundredth percent. Answer in the percent format. Do not include % sign in your answer (i.e. If your answer is 4.33%, type 4.33 without a % sign at the end.)

Answer:

23.00

Explanation:

Given:

For Jackson Corporation:

Expected return during recession = 12%

Expected return during normal = 20%

Expected return during boom = 40%

For Economy:

Probability of recession = 0.25

Probability of normal = 0.50

Probability of boom = 0.25

Required:

Find the expected return for Jackson Corporation.

To find expected return, use the expression below:

Expected return = (Probability of Recession * Returns at Recession) + (Probability of Normal * Returns at Normal) + (Probability of Boom * Returns at Boom)

Using the expression above, expected return for Jackson corporation will be calculated as:

Expected return = (25×12%)+(0.50×20%)+(0.25×40%)

= 3 + 10 + 10

= 23%

Expected return for Jackson corporation is 23.00

5 0

3 years ago