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navik [9.2K]
3 years ago
15

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<span> use </span>Form 1040EZ<span> if </span>you<span> meet all the following conditions</span>
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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Do you believe the decision to start a new
Bad White [126]
I believe that it depends on the individuals skills if they match up well enough to the qualities of starting a business and they must know the risk they are taking with a new business so in most cases I think people should continue to look for employment
6 0
3 years ago
Gilbert's expects its September sales to be 20% higher than its August sales of $150,000. Manufacturing costs were $100,000 in A
sveticcg [70]

Answer:

$61,500.

Explanation:

Given that,

Beginning cash balance on September 1 = $7,500

Cash receipts from credit sales made in August:

= $150,000 × 70%

= $105,000

Cash receipts from credit sales made in September:

= ($150,000 × 1.20) × 30%

= $54,000

Cash disbursements from purchases made in August:

= $100,000 × 75%

= $75,000

Cash disbursements from purchases made in September:

= $120,000 × 25%

= $30,000

Ending cash balance September 30:

= Beginning cash balance + Cash receipts from credit sales made in August + Cash receipts from credit sales made in September - Cash disbursements from purchases made in August - Cash disbursements from purchases made in September

= $7,500  + $105,000  + $54,000  - $75,000  -  $30,000

= $61,500.

6 0
3 years ago
Jim operates his business on the accrual method and this year he received $4,000 for services that he intends to provide to his
Ainat [17]

Answer:

He can choose to defer the recognition of the income until next year, only if the income is not recognized for financial accounting purposes.

7 0
3 years ago
This problem has been solved!
velikii [3]

hey there!:

1)

a) Amount of credit the company would receive against the FUTA tax for its SUTA contributions = 2896.21

(56900*3.1%*90%)+(56900*(5.4%-3.1%)) = 2896.21

b)  Amount that Peroni Company would pay to the federal government for its FUTA tax = 517.79

(56900*6%)-2896.21 = 517.79

c) Amount that the company lost because of its late payments = 176.39

=517.79-(3414-1763.9-1308.7) = 176.39

Hope that helps!

4 0
3 years ago
Is a business cycle a type of recession?<br> yes or no?
Kruka [31]

Answer:

The Answer is gonna be Yes

8 0
2 years ago
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