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3 years ago

Simon just completed and double-checked his 1040EZ tax return form. Now he should _____.

Business

2 answers:

Ganezh [65]3 years ago

4 0

Send it to the IRS before April 15th.

Elina [12.6K]3 years ago

3 0

Answer: Now he should present it before the deadline and wait for the resolution.

Explanation:

The IRS is the federal instance of the United States Government responsible for tax collection and compliance with tax laws. It constitutes an agency framed in the Department of the Treasury of the United States and is also responsible for the interpretation and application of federal tax laws.

The deadline to submit tax returns is April 15 for most taxpayers.

Form 1040 was redesigned for 2018. The revised form consolidates forms 1040,1040A and 1040-EZ into a form that all taxpayers will use to file their 2018 federal tax return.

The new form uses a "construction" approach that can be complemented with additional annexes, if necessary. Taxpayers with simple tax situations should only submit Form 1040 without additional attachments. People who use tax software will follow the steps they are familiar with in previous years. Since almost 90 percent of taxpayers now use tax software, the IRS expects the change to Form 1040 and its attachments to work perfectly for those who file electronically.

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Todd Wallace works as the chief knowledge officer for Pennsylvania Lumbar Company. He has been given the responsibility to creat

Monica [59]

Answer:

A. The primary value activity outbound logistics

Explanation:

This question is answered correctly based on primary activities found in Michael Porter's value chain. The correct answer in this case is outbound logistics which involve activities related to distribution of the final good or service to a consumer. Examples include product's timely delivery(shipping), distribution and storage.This next day delivery creates convenience by fulfilling urgency needs after an order has been placed hence adding value to customers.

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3 years ago

Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Roun

AURORKA [14]

Answer:

FV of ordinary annuity:

$500 per year for 12 years at 6%.

FV = $500 x 16.870 (FV annuity factor, 6%, 12 periods) = $8,435

$250 per year for 6 years at 3%.

FV = $250 x 6.4684 (FV annuity factor, 3%, 6 periods) = $1,617.10

$800 per year for 2 years at 0%.

FV = $800 x 2 (FV annuity factor, 6%, 12 periods) = $1,600

FV of annuity due:

$500 per year for 12 years at 6%.

FV = $500 x 17.8821 (FV annuity due factor, 6%, 12 periods) = $8,941.05

$250 per year for 6 years at 3%.

FV = $250 x 6.6625 (FV annuity due factor, 3%, 6 periods) = $1,665.63

$800 per year for 2 years at 0%.

FV = $800 x 2 (FV annuity due factor, 6%, 12 periods) = $1,600

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3 years ago

When scrutinizing a statement of cash flows in an attempt to gain a better understanding of the client, which would be of most a

Fynjy0 [20]

Answers;

In scrutinizing a statement of cash flows in an attempt to gain a better understanding of the client, the auditor should evaluate to check if the client is meeting interest payments when they are due. The auditor may use information about the client's industry. This is done to evaluate whether significant changes is made in the company from prior periods, including changes in its internal control over financial reporting, affect the risks of material misstatement.

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3 years ago

A corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10 par value common stock. During the

Vitek1552 [10]

Answer:

The entry to record the payment of attorneys fees by a way of share issue will be:

Dr Organization expense $5000

Cr Share capital $3000

Cr Share premium $2000

Explanation:

Firstly, the fees payable to the attorneys is $5000,hence organization expense is debited with $5000.

However, the value of the shares given is 300*$10 i.e $3000,as a result, the attorneys have indirectly paid $2000 more for the shares, the excess is recorded in paid in share capital in excess of par value account or a share premium account.

The rationale for the entries is that expense account takes debit when it increases and capital account a credit.

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3 years ago

Which policy tools are considered automatic stabilizers?

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In the fiscal policies of governments, automatic stabilizers are meant to correct and stabilize the fluctuations that arise within the economy of nations. The policy tools that are considered automatic stabilizers are;

A progressive income tax structure

Government unemployment benefits

At times, the economy of a nation might experience shocks and destabilizations. These policy tools listed above are meant to generate taxes from the citizens that would cushion the effects of these shocks.

They help to increase the flow of money in the economy when it is passing through difficulties like recessions.

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