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3 years ago

Why might you complete a 1040 form instead of a 1040 EZ tax form?

Business

2 answers:

valentina_108 [34]3 years ago

6 0

You may use Form 1040EZ if you meet all the following conditions

sergij07 [2.7K]3 years ago

6 0

You might fill out a 1040 instead of a 1040EZ if you don't meet the right requirements.
To fill out the 1040 EZ your taxable income must be less than 100,000, you claim no dependents, taxable interest is less than 1,500, etc

If you don't meet certain requirements for the 1040 EZ you have to fill out a 1040

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Which of the following results in positive benefits to individuals, the group, or the organization? a. Functional conflict b. Em

Mumz [18]

Intergroup conflict always results in positive benefits to individuals the group or the organization.

Explanation:

The social change, decision making, reconciliation, group unity and co operation are some of the positive effects of conflicts in an organization.

The advantages of conflicts are they create awareness for the existing problems. Then by discussing the conflicting views can provide better solutions and managing conflict is quicker and more efficient.

Intergroup conflict in an organization helps the people to come out with their own ideas with creative thinking.

An example for this conflicts are the problems between management and employee and between accounting and operations team, and between UI developers and backend team.

To resolve the problems in intergroup conflict people should openly discuss about the impact that the conflict has on productivity.

6 0

3 years ago

Read 2 more answers

Selected information taken from the accounting records of Vigor Company follows:

MariettaO [177]

Answer and Explanation:

The computation is shown below:

But the following calculations must be done

Account receivable turnover = Net sales ÷ average account receivable

5 = Net sales ÷ ($900,000 + $1,000,000) ÷ 3

5 = Net sales ÷ $950,000

Now the net sales is

= $950,000 × 5

= $4,750,000

And,

Inventory turnover ratio = Cost of goods sold ÷ average of account receivable

4 = Cost of goods sold ÷ ($1,100,000 + $1,200,000) ÷ 3

4 = Cost of goods sold ÷ $1,150,000

Cost of goods sold

= $1,150,000 × 4

= $4,600,000

Now the gross profit is

a. The gross profit is

= Sales - cost of goods sold

= $4,750,000 - $4,600,000

= $150,000

2. The days sales outstanding in both the cases are as follows:

DSO in inventory

= 360 ÷ 4

= 90 days

And, DSO in account receivable

= 360 ÷ 5

= 72 days

7 0

3 years ago

In a practical sense, the best size for a team is:A. between two and twenty-five members.B. five or fewer people.C. determined b

natali 33 [55]

C is the correct answer because it really varies depending on the game.

3 0

3 years ago

Assume you are a single person with no dependents who made $35,000.00 from your primary job and an additional $5,500.00 from a p

kirill [66]

Answer:

a) we will get a refund

b) $3,043.75

Explanation:

Given:

Income from primary job = $35,000.00

Income from part time job = $5,500

Total income = $35000 + $5500 = $40,500

Now, As per IRS, tax brackets for 2017 is as :

For income, 0 - $9325 = 10% of Taxable Income

For income, $9326 - $37950 = $932.50 + 15% of the amount over $9325

and, for income $37,950 - $91,900 = $5226.25 + 25% of amount over $37950

Standard Deduction is $6350 for single tax payer

Now,

The Net Income = Total income - Standard deduction

= $40,500 - $6,350

= $34,150

Total Tax due = $932.50 + ( $34150 - $9325 ) × 15%

= $932.50 + $3723.75

= $4,656.25

Thus, Withheld tax amount ( i.e $7700 ) is above the tax calculated

Hence, we will get a refund

b) Amount of refund = Withheld tax - Tax due as per IRS

= $7,700 - $4,656.25

= $3,043.75

5 0

3 years ago

Ethical formalists maintain that

andrew-mc [135]

Ethical formalists maintain that moral judgement should be based on logical form,that is,like laws that should be obeyed,rather then by their content,that is,judgement about activities or people.

3 0

3 years ago