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2 years ago

Which is the shortest and simplest tax form?

1 answer:

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Filling out a tax form is about as much fun as owing taxes to Uncle Sam. The complexity of the task intensifies as your tax life becomes more complicated.

That's why you should use the simplest tax return form you can, especially if you're still filling out your forms by hand.

But choose carefully. There are three personal income tax forms -- 1040, 1040A and 1040EZ -- with each designed to get the appropriate amount of your money to the IRS. Differences in the forms, however, could cost you if you're not paying attention.

The EZ is the shortest and simplest form, Form 1040A is a bit more complex and the long Form 1040 is the most detailed and potentially difficult. But even if your tax life is simple and straightforward, it might be worthwhile to investigate the other two forms. Why? Generally, the longer the form, the more opportunities for tax breaks.

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Suppose the majority of students who are graduating in May from a large university have found jobs and signed employment contrac

Aleks [24]

Answer:

increase , reduce

Explanation:

Assumption: The given problem has been solved upon the assumption that students, who are in the process of entering employment, will lead to the possibility of increased spendings, since such students disposable income rises.

Aggregate demand represents the total demand for all goods and services produced in an economy during a period.

Mathematically, Aggregate Demand is represented as follows:

AD = C + I + Net Exports + G

wherein,

C = Consumption

I = Investment

Net Exports = Exports - Imports

G= Government Spending

In the given case, students which earlier had no income of their own, will now have a disposable income. Owing to which, their consumption spending would increase.

As a result of this, the savings would reduce.

Y = C + I + G

where, Y = National Income

I = Investment

G= Government expenditure

Aggregate demand will increase as a consequence.

4 0

2 years ago

Checks written in late December do not appear on a December 31 Bank Statement because they were not cleared by the bank as of Ma

Shkiper50 [21]

Answer:

B) Subtract them from the bank balance.

Explanation:

When you are adjusting your bank statement you must subtract any outstanding checks and add any deposits in transit.

In this case, the checks that were written at the end of December will probably be cashed during the next months, but the company must adjust their bank balance because they know that the checks will eventually be cashed, sooner or later.

6 0

2 years ago

What does ships in 1 2 business days mean?

Verdich [7]

It means your order should leave (usually does not mean always) the warehouse ( or the store) within 1 or 2 days after your order is received.

The arrival time will depend on how your order is shipped.

8 0

3 years ago

Read 2 more answers

If the economy is producing a level of output $45 billion above full-employment real GDP, the most viable option to shift the ou

lakkis [162]

Answer: c. tax increase of some amount less than $45 billion

Explanation:

Increasing taxes will have the effect of reducing the Consumption in the Economy as it will reduce the disposable income that people have to spend on goods and services. It is therefore an option to bring the Economy back down to fill employment.

However, when the Taxes are increased, they should be increased by an amount less than the $45 billion because Taxes have a Multiplier effect meaning that an increase in taxes will slow down the economy more than the increase itself. This is why it should be an amount less than 45 billion especially having taken the Multiplier into account so that a good estimate of the amount needed will be ascertained.

5 0

2 years ago

George Kyparisis owns a company that manufactures sailboats. Actual demand for George’s sailboats during each of the past four s

a_sh-v [17]

Answer:

1,680 sailboats

Explanation:

See the image to get the answer:

6 0

3 years ago