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Hoochie [10]
1 year ago
11

Section 1 Question 1 of 22. A tax preparer's high ethical standards protect taxpayers by: o Providing them with an accurate retu

rn, including all tax benefits to which they are entitled. o Guaranteeing their returns will not be questioned by the IRS. o Promising they will be free from IRS penalties. o Protecting the tax preparer, not the taxpayer. Mark for follow up Question 2 of 22. A tax preparer's high ethical standards protect the tax preparer through all of the following EXCEPT: o Providing a quality product that helps them increase client retention o Minimizing the risk of being subject to preparer penalties. o Showing integrity in the return preparation process. o Eliminating the need for preparer due diligence notes Mark for follow up Question 4 of 22. Beatrice is eligible to claim EITC based on Jordyn, her granddaughter and qualifying child. Jordyn's mother, Beth, is also eligible and plans to claim Jordyn as a qualifying child for EITC. Which of the following statements is accurate? o Beth holds a higher right and may claim EITC based on Jordyn because Beth is Jordyn's parent. o As long as Beatrice files before Beth, you may prepare her return claiming EITC based on Jordyn. o Beatrice may claim EITC based on Jordyn if her AGI was higher than Beth's and if she files first o Beatrice and Beth may agree to each claim one-half of the EITC based on Jordyn, their qualifying child. Mark for follow up Question 5 of 22. Virginia comes to your tax office to have her income tax return prepared. She is eligible to claim EITC based on Kellie, her granddaughter and qualifying child. Virginia has $24.000 in wages and owns the home where she, Kellie, and Kellie's father, Herman, live. Herman would also like to claim Kellie as a qualifying child for EITC; however, Herman's only income for the year was $2,500 of unemployment income. He contributed nothing to the household expenses. Which of the following statements is accurate? o Herman holds a higher right and may claim EITC based on Kellie because Herman is Kellie's parent o As long as Virginia files before Herman, you may prepare her return claiming EITC based on Kellie. o Virginia may daim EITC based on Kellie, as her AGI was higher than Herman's and Herman has no earned income and thus does not qualify for the EITC o Herman and Virginia may agree to each claim one-half of the EITC based on Kellie, their qualifying child. Mark for follow up Question 6 of 22 Henry who is not a dependent states he wishes to claim EIC this year for his 35 year old dependent child. Both reside in the US Henry states that the child wes with Henry, is not mamed, is disabled, and has not worked during the year. What does Henry's tax preparer need to do to determine if the child can quality Henry for ETC? o Enter Henry's child on this return and identify him as a disabled qualifying child o Advice the tax payer of the tax definition of disabled and apply sound judgment and common sense to see if the definition is met o Ask for proof of the child's name o Explain to Henry that a 35-year-old child is too old to be a qualiting child for EITC Mark for follow Up
Business
1 answer:
gavmur [86]1 year ago
4 0

A tax preparer's high ethical standards protect taxpayers by option A: Providing them with an accurate return, including all tax benefits to which they are entitled.

A tax preparer's high ethical standards protect the tax preparer through except option D: Eliminating the need for preparer due diligence notes Mark for follow up

The statement that  is accurate is option C: Beatrice may claim EITC based on Jordyn if her AGI was higher than Beth's and if she files first.

<h3>What are tax ethics?</h3>

Tax ethics, is known to be the term for the taxpayer's moral duty to pay taxes, is influenced by their interaction with the government as citizens. Tax evasion and tax ethics are frequently used synonymously.

When filing taxes, a tax preparer should take certain ethical considerations into account:

  • Inform the appropriate third parties about the suspected fraudulent behavior.
  • Inform the IRS and other tax authorities of the alleged fraudulent activities.
  • Think about ending the engagement.

Therefore, one can say that anyone who prepares a tax return may now be held accountable for errors committed in filing a return for someone else due to a change in tax regulations that took effect more than ten years ago. An IRS monetary penalty may be imposed on a tax preparer who made errors on your return.

Learn more about ethical standards from

brainly.com/question/24519475
#SPJ1

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Negative items on a credit report that are not correct:
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Answer:
C

Explanation:

Something with a mistake is never best ignored it’s best if they change it and get it corrected.
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Both the medical model and the public health model have in common:
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<span>Both the medical model and the public health model have in common a desire to educate people about their health, healthy options, and consequences of not paying attention to health issues. The medical model may, at times, include too much information for some to understand the bottom-line, while the public health model may be watered down in an attempt to reach the masses.</span>
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3 years ago
"Melinda!" bellowed Torn to the company’s HR specialist, "I’ve got a problem, and you’ve got to solve it. I can’t get people in
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Answer: Yes training is the solution, training is the effort made by the organization in order to provide their workers with the basic skills needed to ensure the efficiency of the work done in the organization. b.To improve productivity, to solve operational problems, to reduce wastage of materials, to boost employees morale. C. Identify training need, define programme objective, design training programme, implement training programme, monitor feedback during couse

Explanation:

a.

Training can be defined as the effort made by the organization in order to provide their workers with the basic skills needed to ensure the efficiency of the work done in the organization. The main objective of training is to achieve a change in behaviour of those workers trained. Training help the workers to acquire technical knowledge and the problems solving skills in which they can utilized on the job in order to achieve the organizational goals and objectives.

b. The need for training includes the following

1. To improve productivity on the part of both the employees and the organization

2.Training helps in solving operational problems such as reduction in the accident in the workplace, Labour turnover, absenteeism, and grievances rate in the workplace.

3. Training help the organization in reducing the wastage of materials used in the production of goods as well as to ensure better utilization of machines used in production of goods.

4. Training helps in boosting the morale of the workers in the organization, in the sense that as the workers acquired new skills it will make them a better workers which increase their market value and enhanced their earnings power which in the long run lead to job security and self actualization for the workers.

5. Training helps in filling the vacancy for specific manpower need which is crucial to the organization survival but which is very difficult to fill through the external recruitment process

6.Training helps in formation of new altitudes for the workers which will help the workers to contribute their quota towards the achievements of the organizational goals and objectives.

c. The summary of the need assessment include the following

1 . Identify the training needs

2. Define the programme objective

3. Design training programme

4.implement training programme

5. Monitor feedback during the course of training

6. Place training participants back on their jobs

7. Conduct post course evaluation to determined the benefits of the training programme.

7 0
3 years ago
As a manager seeks to develop her leadership skills, she should be aware that:
avanturin [10]

Answer:

b. Many different styles of leadership can be effective.

Explanation:

Leadership is the ability of a person to motivate others to deliver on set goals and objectives.

Depending.on the organisation, the goals to be achieved, needs of the followers, and the personality of the leader.

There are different leadership styles that are all effective depending on the situation

Authoritative leaders states the way things should be done with little input from the team.

Democratic leadership is when the leader gets feedback from the team and uses it to make decisions.

Free rein is when the leader allows the team do what they like in achieving goals.

Task oriented leadership focuses mainly on the task at hand.

7 0
3 years ago
g Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $12 per share and it has 5.2 million shares outstand
Ede4ka [16]

Answer:

48.00%

Explanation:

For computing the debt to capital ratio, first we have to determine the equity value and debt value which is shown below:

Equity value = Number of outstanding shares × stock price per share

                    = 5.2 million shares × $12

                    = $62.4 million

We know,

Total capital = Debt + equity

$120 million = Debt + $62.4 million

So, the debt would be

= $120 million - $62.4 million

= $57.6 million

Now the debt to capital ratio would be

= $57.6 million ÷ $120 million

= 48.00%

7 0
3 years ago
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