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3 years ago

Who os responsible for paying income taxes

Business

1 answer:

Vedmedyk [2.9K]3 years ago

8 0

The correct answer is; businesses and anyone who works and pays taxes.

Further Explanation:

Any one who is working in the United States has to pay income taxes. Businesses must also pay income taxes. Income taxes are due each year, generally from January 1st until April 20th.

People can do their own taxes or hire an accountant to do them. There are numerous websites where it is free to file taxes such as Turbotax and H&R Block. If a person has overpaid they are due a refund.

Both businesses and individuals can file for an extension on their taxes.

Learn more about IRS at brainly.com/question/12498230

#LearnwithBrainly

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For each of the following transactions of JonesSpa Corporation, for the month of January, identify each as an investing activity

expeople1 [14]

Answer:

1. Paid cash to purchase inventory

OPERATING ACTIVITY, DECREASES CASH FLOW STATEMENT

2. Purchased land by issuing common stock

NON CASH INVESTING AND FINANCING ACTIVITY, DOES NOT AFFECT CASH FLOW STATEMENT

3. Accounts receivable decreased in the year

OPERATING ACTIVITY, INCREASES CASH FLOW STATEMENT

4. Sold equipment for cash

INVESTING ACTIVITY, INCREASES CASH FLOW STATEMENT

5. Recorded depreciation expense

OPERATING ACTIVITY, INCREASES CASH FLOW STATEMENT

6. Income taxes payable increased in the year

OPERATING ACTIVITY, INCREASES CASH FLOW STATEMENT

7. Declared and paid a cash dividend

FINANCING ACTIVITY, DECREASES CASH FLOW STATEMENT

8. Accounts payable decreased in the year

OPERATING ACTIVITY, DECREASES CASH FLOW STATEMENT

9. Paid cash to settle notes payable

FINANCING ACTIVITY, DECREASES CASH FLOW STATEMENT

10. Prepaid expenses increased in the year

OPERATING ACTIVITY, DECREASES CASH FLOW STATEMENT

11. Sold inventory for cash

OPERATING ACTIVITY, INCREASES CASH FLOW STATEMENT

12. Paid cash to acquire treasury stock

FINANCING ACTIVITY, DECREASES CASH FLOW STATEMENT

13. Net income

OPERATING ACTIVITY, INCREASES CASH FLOW STATEMENT

14. Decrease in accrued liabilities

OPERATING ACTIVITY, DECREASES CASH FLOW STATEMENT

15. Increase in prepaid expenses

OPERATING ACTIVITY, DECREASES CASH FLOW STATEMENT

8 0

2 years ago

Explain the definition of Human Resources Management

Arlecino [84]

Answer:

Human resource management (HRM or HR) is the strategic approach to the effective management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize employee performance in service of an employer's strategic objectives. Human resource management is primarily concerned with the management of people within organizations, focusing on policies and systems. HR departments are responsible for overseeing employee-benefits design, employee recruitment, training and development, performance appraisal, and reward management, such as managing pay and Employee benefits benefit systems. HR also concerns itself with organizational change and industrial relations, or the balancing of organizational practices with requirements arising from collective bargaining and

Explanation:

The Oppoturnity to employ Workers and to make sure their comfortable

5 0

2 years ago

Job enlargement involves giving additional responsibilities, whereas job enrichment refers to __________.

AnnZ [28]

Job enlargement involves giving a employee a large element of a complete task via horizontal loading. The additional work is on the equal talent level and duty of the authentic job.

Job enrichment involves an increase in the degree of duty for planning and coordination via vertical loading.

<h3>What is the distinction between job expansion and enrichment?</h3>

The distinction between job enrichment and job expansion is first-class and quantity. Job enrichment capability improvement, or an expand with the help of upgrading and development, whereas job expansion potential to add extra duties, and an improved workload.

<h3>What is horizontal growth of job?</h3>

Job enlargement entails combining more than a few activities at the equal level in the enterprise and adding them to the existing job. It is additionally referred to as the horizontal growth of job activities.

Learn more about job enlargement here:

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3 0

1 year ago

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mafiozo [28]

Answer:

Lexicographic decision rule

Explanation:

A lexicographic decision rule is one of the decision making rules in purchase that allows a product to be ranked according to its importance to the consumer.

When a consumer is to purchase a product, the consumer ranks products that are similar in use as well as how important the product is. This helps a consumer to make the best decision when it comes to purchasing.

Cheers.

6 0

3 years ago

According to the Consider This box about hypothetical countries Slogo, Sumgo, and Speedo, small differences in __________ make f

Oxana [17]

Answer:

Explanation:

According to the Consider This box about hypothetical countries Slogo, Sumgo, and Speedo, small differences in economic growth rates make for large differences in real GDP per capita over several decades, assuming the same growth of population for each country.

For small countries ( less population and same growth of population over the years) even small growth rates makes a large change in real GDP per capita over the years.

3 0

3 years ago

Who os responsible for paying income taxes​

Who os responsible for paying income taxes