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4 years ago

You made an error when you filed your tax return last year. You can correct this error by filing Form________

Business

1 answer:

castortr0y [4]4 years ago

4 0

Answer:

1040X

Explanation:

Form 1040X should be filled to make any amendments in the returns filed incorrectly. It is similar to Form 1040 with additional columns. It has additional columns, first column (A) where incorrect value is put, net change is put in the second column (B) and in the final column (C), correct amount is put. After recalculation, if a taxpayer owes additional tax, then 1040X should be filed by the due date. In case of refunds, 1040X can be filed within 3 years after the original returns were filed or 2 years from original tax paid.

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When a government subsidy is granted to the sellers of a product, buyers can end up capturing some of the benefit because

matrenka [14]

Answer:

The market price of the product will fall in response to the subsidy.

Explanation:

buyers can end up capturing some of the benefit because the market price of the product will fall in response to the subsidy. the market price of the product will rise in response to the subsidy.

5 0

2 years ago

Suppose the price of Twinkies decreases from $1.45 to $1.25 and, as a result, the quantity of Twinkies demanded increases from 2

valentinak56 [21]

It’s b 1.55
And plus it increases too

5 0

3 years ago

Read 2 more answers

Jeffery Brooks has just landed a job as the produce manager for a large grocery store. The store manager mentioned that last sum

tiny-mole [99]

Answer:

The correct answer is: a 10% increase in the price of cantaloupes will increase the quantity demanded of water melons by 11%.

Explanation:

The produce manager of a large grocery store is informed that the cross-price elasticity of demand between cantaloupes and water melons is 1.10.

The cross-price elasticity of demand is a measure to calculate the change in demand for a commodity due to a change in the price of another commodity.

It is calculated as a ratio of the percentage change in demand and percentage change in price.

A positive price elasticity implies that the two goods are substitutes. An increase in the price of one good leads to an increase in the demand for another.

The cross elasticity can be calculated as,

= $\frac{\% \Delta Qy}{\% \Delta Px}$

Let's assume that the price of cantaloupes increases by 10%.

Then,

1.10 = $\frac{\% \Delta Qy}{10 \%}$

ΔQy = 11

So we see that a 10% increase in the price of cantaloupes will cause the demand for water melons to increase by 11%.

7 0

3 years ago

If you're using a 50/30/20 budget,

postnew [5]

Answer:

B: 20%

Explanation:

you spend 50% of your after-tax pay on needs

30% on wants, and

20% on savings or paying off debt.

So its B 20%

7 0

2 years ago

You have just purchased a municipal bond with a $10,000 par value for $9,500. You purchased it immediately after the previous ow

Nonamiya [84]

Answer:

Minimum selling price for the bond = $11350.38

Explanation:

Given - You have just purchased a municipal bond with a $10,000 par

value for $9,500. You purchased it immediately after the previous

owner received a semi-annual interest payment. The bond rate is

6.6% per year payable semi-annually. You plan to hold the bond for

4 years, selling the bond immediately after you receive the interest

payment. If your desired nominal yield is 3% per year compounded

semi-annually.

To find - What will be your minimum selling price for the bond?

Proof -

Formula for Bond value is -

Bond value = $\frac{Coupon Amount}{( 1+ Interest rate)^{1} } + \frac{Coupon Amount}{( 1+ Interest rate)^{2} } + \frac{Coupon Amount}{( 1+ Interest rate)^{3} } + .....\frac{Coupon Amount}{( 1+ Interest rate)^{n} }$

As given,

Coupon Rate = 6.6%

⇒Coupon Rate for semi-annual = 3.3%

and hereby time period becomes double i.e 8 years.

Now,

Interest rate = 3%

For semi-annual , interest = 1.5%

Now,

Coupon amount = 10,000×3.3% = 330

Now,

Bond value = 330 ×PVIF(1.5% , 8) + 10,000×IVAF(1.5%, 8)

= 330×7.486 + 10,000×0.888

= 11350.38

∴ we get

Minimum selling price for the bond = $11350.38

6 0

3 years ago