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elena-14-01-66 [18.8K]
2 years ago
5

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!!

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*E21.23 (LO 5) (Sale-Leaseback) Assume that on January 1, 2020, Elmer's Restaurants sells a computer system to Liquidity Finance
Dennis_Churaev [7]

<u>Solution and Explanation:</u>

Date  General Journal                                 Debit  Credit  

January 1, 2017  Cash/Liquidity Finance Co.  680000    

 Computer system                                             600000  

 Profit on sale of computer system              80000  

To record the sale of computer systems          

January 1, 2017  Lease Rental                       115970    

 Cash                                                              115970  

To record the first lease rental of the lease                  Journal entries in the books of lesser(Liquidity Finance Co.)    

                                                               Amount in $  

Date  General Journal                                          Debit  Credit  

January 1, 2017  Computer system           680000    

 Cash/Elmer's Restaurants                            680000  

To record the purchase of computer systems        

January 1, 2017  Cash                               115970    

 Lease Rental Income                                             115970  

To record the first receipt towards lease rental of the lease      

December 31, 2017  Depreication on computer system 68000    

 Accumulated depreication on computer system           68000  

To record the depreication expense for the year    

 

5 0
2 years ago
Over lunch, Daniela and Hassan are discussing their managers. Daniela describes her boss as extremely motivating. Work goals are
Pepsi [2]

Answer:

transformational leader

Explanation:

Based on the information provided within the question it can be said that Daniela's boss can be described as a transformational leader. This type of leadership style refers to leaders that work with their teams in order to identify and create a mental blueprint for change, as well as guide and inspire them to pursue and achieve this change. Which is what Daniela is saying about her boss as she describes him as motivating and inspiring.

8 0
3 years ago
At the beginning of the year, Vendors, Inc., had owners' equity of $50,435. During the year, net income was $6,675 and the compa
iogann1982 [59]

Answer:

<em>Total cash flow to stockholders   13,320‬</em>

<em />

Explanation:

We should consider the actual cash paid by the firm in favor of the stockholders. Net income doesn't represent cashflow is the amount earned by the company but a portion of it is reinvested or hold by the firm. What it matter for cashflwo arethe cash dividends and treasury stock as these are actual cashflow in going into the stockholders pockets

from dividends                               4,535

from stock repurchase                <u>   8,785   </u>

<em>Total cash flow to stockholders   13,320‬</em>

8 0
3 years ago
Growing chocolate is important to West African economies but they do not make as much money as the multinational companies that
kupik [55]

Answer: The name of the ghanaian brand is "57 chocolate"

Explanation:

57 Chocolate belongs to two sisters

Priscilla and Kimberly Addison, the creators of 57 chocolate, made in Ghana by Ghanaians, for Ghanaians. Their chocolates which come in dark, milk, white chocolate, mocha latte and bissap flavours are uniquely packaged in adinkra symbol shapes. and is the pioneer bean to bar chocolate business in Ghana. This venture uses resources grown within the country to create delicious chocolate

7 0
2 years ago
E-Eyes has a new issue of preferred stock it calls 20/20 preferred. The stock will pay a $20 dividend per year, but the first di
Aloiza [94]

The value of current stock price is equal to $57.93

<u>Explanation:</u>

Given dividend = $20 per year

The calculation of current stock price is as follows:

The Stock price at the beginning of 20th year is equal to = $20 divided by 8 percent = 250

Current stock price ( present value ) = \mathrm{FV} /(1+\mathrm{r})^{\wedge} \mathrm{n}

=\$ 250 /(1+0.08) \wedge 19

After calculating, we get, 57.92801

Therefore, the value of current stock price is equal to $57.93 (rounded off to 2 decimal places).

7 0
2 years ago
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