Answer:
1. The act of reducing taxes by deliberately understating income or overstating deductions is called ______
Tax evasion
2. Leaving the tip earnings out of her income on her tax returns is
Tax evasion
Explanation:
Tax evasion is deliberate reduction of gross income either by excluding, understating, omitting income, or overstating deductions. It is not legal. Tax avoidance is managing taxable income by effective tax planning (e.g. through investments, insurance, etc.) so that less tax is paid. It is legal and allowed.
Answer:
Zero based budgeting
Explanation:
Zero-based budgeting is a process of developing budget estimates by requiring managers to estimate sales, production, and other operating data as though operations were being initiated for the first time.
It is time consuming compared to other method of budgeting ( traditional).
Zero-based budgeting (ZBB) is a method of budgeting where income less expenditure is equal to zero.
It is a budgeting in which all expenses must be justified for each new period. It is detail-oriented.
Zero-based budgeting can be used to lower costs by avoiding blanket increases or decreases to a prior period's budget.
zero-based budgeting may be a rolling process done over several years.
Answer:
equivalent untis Labor: 166,340
Explanation:
Under weighted average we don't make distinction between started and finished and just finished. Thus we work with finished and ending WIP only:
finished 162,000
ending WIP 6,200 ending at 70% complete
Equivalent units for labor:
finished + percentage of completion ending units
162,000 + 6,200 x 70% = 166,340
B) stocks is the riskiest, but has the potential to earn you the most money?
I think the correct answer is c , hope I helped