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3 years ago

Tax returns filed manually have a 20% chance of containing errors. True or False

Business

1 answer:

Anarel [89]3 years ago

4 0

Answer:

True

Explanation:

According to the Internal Revenue Agency (IRS) up to 20% of all tax filings done manually contain errors, while only 0.05% of online tax filings contain errors. That is a huge difference. Some of the most common errors are due to erroneous mathematical calculations. That is why online filing helps a lot since the web services do all the math calculations for you. Another advantage of online filing is that they are review much faster than manual filings.

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You receive a part time job in which you are paid $10 per hour on weekdays and you receive $12 per hour

pantera1 [17]

Answer:

192.1

Explanation:

From monday and friday you earned 130$ because 6(10)+7(10)=130

Saturday you earned 96$ (12x8)

so adding those values you have 226$

you have to subtract 15% for tax.

So the equation would be

$226 \times .15 = 33.9 \\ 226 - 33.9 = 192.1$

4 0

2 years ago

If you were to apply for an administrative personnel position, what might you explain about yourself so that you sound qualified

gtnhenbr [62]

I am good at filing and organizing paper

5 0

3 years ago

Softie, Inc. produces facial tissues. The company's contribution margin ratio is 77%. Fixed expenses are $240,400. To achieve a

sladkih [1.3K]

To achieve a target profit of $930,000, Softies' sales must be $1,520,000.

<h3>What is target profit?</h3>

Target profit is the amount of profit that a company's managers anticipate achieving by the conclusion of a specific accounting period.
Typically, the target profit is established from the budgeting process and is compared to the actual result in the income statement.
If they chose to earn a 20% margin on each sale, they will make a $50 profit on each chair sold.
As a result, if the corporation wishes to make $50 per chair and sell the chair for $200, the chair must be manufactured for $150 or less.

To find the target profit of Softie, Inc.:

Sales = ($240,400 + $930,000) ÷ 0.77
= $1,520,000

Therefore, to achieve a target profit of $930,000, Softies' sales must be $1,520,000.

Know more about target profit here:

brainly.com/question/17061733

#SPJ4

6 0

2 years ago

Item Skipped Item 10 Assume a company makes four products (A, B, C, and D) in a single facility. Data concerning these products

stellarik [79]

Answer:

The company should be willing to pay less than $4.20 for one additional minute of milling machine time.

Explanation:

a) Data and Calculations:

Product Product Product Product

A B C D

Selling price per unit $42.30 $50.00 $37.60 $33.50

Variable manufacturing cost per unit $20.80 $30.70 $21.00 $19.90

Variable selling cost per unit $2.70 $2.10 $1.00 $2.40

Total variable costs per unit $23.50 $32.80 $22,00 $22.30

Contribution per unit $18.80 $17.20 $15.60 $11.20

Milling machine minutes per unit 3.30 4.10 2.60 1.30

Contribution per minute $5.70 $4.20 $6.00 $8.62

Monthly demand in units 1,000 4,000 3,000 3,000

Minutes required 3,300 16,400 7,800 3,900

Best use of existing minutes 2,300 0 7,800 3,900

Additional minutes required 1,000 16,400 0 0

Total minutes required = 31,400

Minutes available = 14,000

Minutes to buy = 17,400

Lost contribution from:

Product A = (1,000 * $5.70 = $5,700

Product B = (16,400 * $4.20 = 68,880

Total lost contribution $74,580

Required time to produce lost contribution = 17,400

Estimated to pay for additional minute = $4.29 ($74,580/17,400)

3 0

3 years ago

What are some benefits of voluntary exchange? What are the responsibilities?

PtichkaEL [24]

Answer:

The principle or model of voluntary exchange assumes that people will act based on self-interests. This is an important component of a healthy economy. If individuals in a market economy do not feel that they will benefit from the exchange, they would not be willing to make it.

Hope this helps!

7 0

3 years ago