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3 years ago

What does it mean when a return is reject for code 0503

1 answer:

6 0

An IRS 0503 code means the spouse's name and last 4 digits of their social security do not match IRS records. This could happen by mistake or if the person has changed their name without updating records.

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A farmer is considering the installation of a fuel storage system that will save $0.065 per gallon because the fuel can be purch

photoshop1234 [79]

Answer:

yes and because yes

Explanation:

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3 years ago

A trust established by your will that becomes effective upon your death is called a(n) ____________ trust.

olga2289 [7]

In most states, a will is often referred to as a "last will and testament". So any trust or transfer at death that involves will is said to be testamentary (from the testament). Choice B is a living trust - which doesn't involve death. Choices C and D can be made while a person is alive.

The answer here is A, a testamentary trust.

5 0

3 years ago

What do individual shareholders gain when they buy shares of a company’s stock?

Darina [25.2K]

I think the answer is A

4 0

3 years ago

Cash Flow Equivalences. Southwestern Moving and Storage wants to have enough money to purchase a new tractor-trailer in 5 years

vagabundo [1.1K]

Answer:

They must set aside $65,494.95 at the end of year 4.

Explanation:

Giving the following information:

Southwestern Moving and Storage wants to have enough money to purchase a new tractor-trailer in 5 years for $290,000. If the company sets aside $100,000 in year 2 and $75,000 in year 3.

Interest rate= 9%

<u>We will assume that the money gets set aside at the end of each period.</u>

First, we need to calculate the accumulated money of the first two investments using the following formula:

FV= PV*(1+i)^n

Year 2: FV= 100,000*(1.09)^3= 129,503

Year 3: FV= 75,000*(1.09)^2= 89,107.5

Total= $218,610.5

Difference= 290,000 - 218,610.5= 71,389.5

Final value= 71,389.5

We need to find the present value:

PV= FV/(1+i)^n

PV= 71,389.5/(1.09)= 65,494.95

7 0

3 years ago

Given the recent events in the US Airways and American Airlines merger, one has to wonder, is the airline industry monopolistic?

Luba_88 [7]

Answer:

in terms of which is worse, "monopoly" is bad for both the consumers and the industry, while a competitive market is good for consumers and the industry alike, however, it is not "perfect". there has to be regulations and a sort of a control.

anyhow, a monopoly is bad then a single corporation has the total power from the supply side and this can lead to unnecessary price increases, lower quality products, industrial malpractices, national level frauds, etc, etc...

because of this, we always say a monopoly is bad, even if it is a government sector monopoly. many nations have laws and rules to ensure no monopolies will arise.

in USA, we call such rules, Anti-trust laws.

Explanation:

4 0

3 years ago