Answer:
❤I gotcha bro bro
Explanation:
1.No
2.No
3.No
4.No
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Answer:
The correct answer is letter "B": The individual was paid to prepare, assist in preparing, or review the tax return.
Explanation:
Tax return prepares are those paid to file tax returns or reports. This individual had to at least file 10 tax reports in the previous period and will have to file 10 or more during the current period or the upcoming period (1 year). When the individual not only prepares the tax return but also is in charge of the assistance and the review of the report, the <em>paid preparer's area</em> of the report must be filled.
Answer:
$75,131
Explanation:
The computation of the amount of note payable credited is shown below:
Notes payable is
= Agreed amount to pay × present value factor at 10% for 3 years
= $100,000 × 0.75131
= $75,131
By multiplying the agreed amount to pay with the present value factor at 10% for 3 years we can get the amount credited to the note payable
Answer:
The most fair tax structure is progressive taxation.
Explanation:
Progressive taxation is the tax structure in which the higher the income of an individual, the higher the rates of taxation that person is subjected to.
This system is seen as the most fair by most individuals, including economists, because it is to be expected that people who make a lot of money pay a larger amount of taxes than people who make less.
For this reason, the majority of countries in the world use a progressive tax system.