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1 year ago

Your journal why is getting a large tax refund or having to pay a large tax bill at the end of the year a sign of poor planning?

1 answer:

6 0

Your diary should explain why having to pay a high tax bill or receiving a sizable tax refund at the end of the year is a symptom of bad financial preparation.

<h3>What does getting a refund mean?</h3>

a sum of money that is returned to you, often as a result of overcharging or dissatisfaction with a good or service: request, assert, or demand a return. If the item is unfit for its function despite being in good condition, you are still entitled to a refund. Obtain/Receive Refund

<h3>Where is my refund for 2022?</h3>

Regardless of whether you owe money or are hoping for a refund, your can use the IRS But where is My Refund service to find out the status of your tax return. going over your IRS account.

To know more about refund visit:

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All-Mart Discount Stores Corporation contracts to buy ten acres from Suburban Enterprises, Inc., as a site for a new store. The

atroni [7]

Answer:

All-Mart can avoid the contract since it didn't meet their specification for the siting of their new store which they planned for. <u>The warranty deed</u> which they called for was to ensure that, all land purchased has guarantee that it would not become an issue for them in the future.

<em>Since one part is an enclosed parking lot which is a public property that Suburban is trying to sell to them, the best would be to avoid it.</em>

Explanation:

3 0

3 years ago

The management of Ro Corporation is investigating automating a process. Old equipment, with a current salvage value of $24,000,

dexar [7]

Answer:

The simple rate of return on the investment is closest to 19.16%

Explanation:

In order to calculate the the simple rate of return on the investment we would have to use the following formula:

simple rate of return = <u>Annual incremental net operating income</u>

Initial investment

<u />

Initial investment = Cost of the new machine - salvage value of old machine

Initial investment = $384,000 - $24,000 = $360,000

Annual cost savings = $133,000

Annual depreciation = $384,000/6 = $64,000

Therefore, Annual incremental net operating income = $133,000 - $64,000 = $69,000

Therefore, simple rate of return = $69,000 / $360,000 = 19.16%

The simple rate of return on the investment is closest to 19.16%

6 0

3 years ago

_____ occurs when the amount of of capital per worker increases

katrin2010 [14]

<span>Gross domestic product </span>occurs when the amount of of capital per worker increases. The answer is letter A

3 0

3 years ago

Read 2 more answers

A taxpayer places a $50,000 5-year recovery period asset in service in 2019. This is the only asset placed in service in 2019. A

Evgesh-ka [11]

<u>Answer:</u>$50000

<u>Explanation:</u>

Recovery period of the asset means that the company starts to realize its depreciation for the assets. In the recovery period the taxpayer will start to write off the asset with the depreciation value calculated using the useful years of the asset.

Half year convention means that the assets have been used for the first half of the year and the rest of the depreciation amount will be deductible at the end of the year. So the entire useful value of the asset is taken for the amount of cost of recovery in the year 2019.

4 0

4 years ago

Alex invested $10,500 in an account that pays 6 percent simple interest. how much money will he have at the end of four years?'

Marizza181 [45]

The amount generated from the investment with simple interest is calculated through the equation,

F = P x (1 + in)

where F is the future amount, P is the present worth, i is the decimal equivalent of the given interest and n is the number of interest period.

From this item it can be identified that,
P = $10,500
i = 0.06
n = 4

Substituting the known values,

F = ($10,500) x (1 + (0.06)(4))
<em> F = $13020</em>

Therefore, after four years, the amount of money that Alex will have is $13,020.

4 0

4 years ago