<span>#1) Which of the following is not true concerning Income Tax Refunds?
Answer: Out of all the options that are presented above the one that is not true concerning Tax Refunds is that It is advantageous to receive a large sum of money in the form of a refund so that you can use the money to pay down debt.
#2) When claiming dependents, they must meet the following criteria EXCEPT:
Answer: Out of all the options that are available the only one that is not a criteria that they must meet when claiming dependents is that the dependent must reside with you for the entire year.
#3) If you opt to put money in a medical flexible spending account rather than trying to amass enough medical expenses to itemize on your tax return, you are taking advantage of _____.
Answer: Out of all the options that are presented the one that completes the statement and makes it true is an Exclusion.
#4)A form of taxation in which everyone pays an equal rate of taxes is called a _____.
Answer: Out of all the options that are presented the one that completes the statement and makes it true is Flat Tax.
#5) A form of taxation in which the highest income earner pays the largest percentage of taxes is called a _____.
Answer: Out of all the options that are presented the one that completes the statement and makes it true is a progressive tax.
#6) A form of taxation in which the lowest income earners pay the largest percentage of taxes is called a _____.
Answer: The form of taxation that the lowest income earners pay the largest percentage of taxes is called a regressive tax.
#7) Which of the following is not considered part of your gross income?
Answer: Out of all the options that are show the one that is not considered part of your gross income are bartered goods and services.
#8) Which of the following is not true about your adjusted gross income?
</span><span>
Answer</span><span>: Out of all the options that are available the one that is not true about your adjusted gross income is that it is your income plus your deductions.
#9) Which of the following is true about standard deductions?
Answer: Out of all the options that are available the one that is true about standard deductions is that they are tax breaks that you can claim without having to itemize. They reduce your tax bill rather than your taxable income, although you have to itemize in order to take advantage of this.<span>
</span>#10) A dollar–for–dollar reduction in your tax payment is called a _____.
Answer: This is called credit.
P.s: I noted that almost all of the answers are selected with a <3. Almost all of them were the same.
I hope it helps, Regards.
</span>
Answer:
The answer is option B) If the alternative proposals involve different amounts of investment, it is useful to prepare a relative ranking of the proposals by using a present value index.
Explanation:
Present Value Index is a used to measure the feasibility and efficiency of investment options. It is the ratio of the Net Present Value of a project to the initial option required for it.
When several alternative investment proposals of the same amount are being considered, the one with the largest net present value is the most desirable.
However, If the alternative proposals involve different amounts of investment, it is useful to prepare a relative ranking of the proposals by using a present value Index.
Answer:
Co-ordinate shipping with the supplier.
Explanation:
A purchase order is a document from a customer to the business entity, instructing them to supply the customer with the goods specified in the document. By sending out the purchase order, Lola has given instructions to be supplied with the specified goods.
Lola should prepare to receive the goods from the supplier. She should contact the supplier and make arrangements on how the goods will be delivered.
Answer:
The correct option here is B) $9,961.
Explanation:
For taking out the adjusted cash balance at June 30 we will subtract the error in ledger amount and debit memo for monthly service charge and add the interest earned from the initial cash balance before any adjustment is made.
INITIAL CASH BALANCE = $10,012
(-) ERROR IN LEDGER = $95 -$59
= $36 ( this is the amount that Almond co's have to
pay more )
(+) INTEREST EARNED = $35
(-) SERVICE CHARGES = $50
ADJUSTED CASH BALANCE = $9961
Answer:
C. an open-end fund
Explanation:
An open end fund also known as mutual fund is a diversified investment portfolio that does not have a limit in terms of shares that can be issued. In an open end fund, when shares are purchased by investors, more shares are created likewise shares are taken out of circulation when they are sold.
Majority of open end funds - mutual funds can issue new shares at all times as per response to the demand by investors. Shares bought and sold in open end fund are priced daily based on their current net asset value (NAV) . Example of open end funds are hedge funds, mutual funds, exchange traded funds (ETFs)/etc.
