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mote1985 [20]
3 years ago
12

There is one tax infraction that incurs a penalty calculated as 15% of the amount of tax owed per month with a maximum penalty o

f 75%. What violation incurs this level of penalty?
Business
1 answer:
Anit [1.1K]3 years ago
3 0

Answer:

Fraud-Late Filing Penalty

Explanation:

The tax infraction that incurs a penalty calculated as 15% of the amount of tax owed per month with a maximum penalty of 75% is the Fraud-Late Filing Penalty.

Fraud-Late Filing Penalty is the <u>penalty for filing late if a taxpayer did not file on time due to fraud</u>.

<u>The penalty is 15% of the amount of tax that should have been reported on the tax return</u> and an additional 15% for each additional month or part of a month that the taxpayer didn't file a return. <u>The penalty cannot exceed 75% of the unpaid tax.</u>

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Cordell Inc. experienced the following events in 2018, its first year of operation:
Zepler [3.9K]

Answer:

See explanation

Explanation:

See the images to get the result.

7 0
3 years ago
A competitive firm has been selling its output for $10 per unit and has been maximizing its profit. Then, the price rises to $14
LenaWriter [7]

Answer:

The answer is 3. Quantity of output is higher that it was previously

Explanation:

A perfectly competitive firm acts as a price taker, so its calculation of total revenue is made by taking the given market price and multiplying it by the quantity of output that the firms chooses.

3 0
4 years ago
6. If negative float appears on a partial path (until certain activity), the most likely explanation is: a. One or more activiti
mixer [17]

Answer:

Negative Float on a Partial Path:

c. The project is meeting its expected completion date but a certain activity/ event on that path is not meeting its expected completion date.

Explanation:

Float is the quantification of delays in a project.  Negative float means that there is a delay exceeding the intended or allowed float by an ascertainable time.  This means that float is about the time when an activity takes longer than originally planned.  Some projects have inbuilt standard float which had been computed based on past experience of similar projects, with some allowances made for different expected scenarios.

4 0
4 years ago
If the world price of textiles is higher than Vietnam’s domestic price of textiles without trade, then Vietnam Select one: a. ha
olya-2409 [2.1K]

Answer:

has a comparative advantage in textiles.

Explanation:

Comparative advantage occurs when a particular country has the capability to produce a particular product at a lower cost than any other country.

If a country is capable of producing a particular product at a reduced cost this will lead to an increase in demand for such product thereby leading to an increase in the revenue.

Vietnam has a comparative advantage in the production of textiles because they are able to produce it at a low opportunity cost.

4 0
3 years ago
Read 2 more answers
A good system of internal control for cash provides adequate procedures for protecting both cash receipts and cash disbursements
kirill [66]

Answer:

The correct answe is A basic guideline for safeguarding cash is to separate the duties of those who have custody of cash from those who keep cash records.                  

Explanation:

A separate management of the registry and custody functions will reduce fraud, since being two tasks where cash is handled, it is likely that if the same person performs both functions, they will end up diverting money for their convenience, which directly affects in the organization and would waste important resources that can be executed in other important areas.

5 0
3 years ago
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