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Alisiya [41]
3 years ago
15

In a closed-fact problem, the main goal of tax research is to: Group of answer choices Determine several alternative courses of

future action for the taxpayer None of these are correct Find support for an action the taxpayer has already taken Determine several alternative courses of future action for the taxpayer and find support for an action the taxpayer has already taken
Business
1 answer:
Anettt [7]3 years ago
3 0

In a closed-fact problem, the main goal of tax research is to: find support for an action the taxpayer has already taken.

Explanation:

When filing a tax return, many people are medically supported. Strong tax research skills are even greater because of their complexity and application in tax law. The purpose of this chapter is to provide information and advice on tax compliance analysis as well as tax planning. In addition, the technique of tax analysis is quite similar to accounting and auditing.

The aim of tax research is to increase the profit or gains of the taxpayer. The aim is not to generate the minimum tax liability potential. Customers should determine the accuracy of tax returns or try to minimize possible IRS conflicts.

This difference of perspective — to optimize after-tax gains instead of reducing taxation — is particularly important when one considers that many tax planning techniques require such pre-tax income transfers, either in the form of additional expenditures, income avoidance or both.

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Answer: Decrease your take-home pay and decrease your federal income taxes in the current year. A 401k allows you to deduct earnings from your current income, and put that money in an account that cannot be opened until around retirement. The money put into a 401k, and the returns earned on that money through interest or investments, is not taxed as income until you take it out after retirement. This means that, when you put some of your earnings in a 401k, your take-home pay is lower for that year (you can't spend that money) and your income tax is reduced. 
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Fess Hardware Store had net credit sales of $8,500,000 and cost of goods sold of $5,000,000 for the year. The Accounts Receivabl
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The accounts receivable turnover tells you how effective your company's collection mechanism is.

Accounts Receivable turnover = net credit sales/accounts receivables

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8 0
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A company's weighted average cost of capital:_______.
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Answer:

The correct answer is D. Is the return investors require on the total assets of the firm.

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To calculate the WACC, it is necessary to know the amounts, interest rates and tax effects of each of the selected sources of financing, so it is worth taking the time to analyze different combinations of these sources and take the one that provides the lower figure .

Comparatively, without going into the detail of the project evaluation, "the WACC must be less than the profitability of the project to be funded" or expressed in another order, "the project performance must be greater than the WACC."

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