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3 years ago

What should the certified volunteer preparer do before starting the tax return?

1 answer:

5 0

Taxpayers can use various services that are offered through Volunteer Tax Assistance(VITA) and Tax Counseling for the Eldery(TCE) Programs for Paying there taxes.

Explanation:

The most Basic Component of preparing an accurate /appropriate tax return by a certified volunteer begins by

First,explaining the Tax preparation process to the Tax payer.
Secondly,Completing all the questions on F 13614-C
Thirdly ,paying attention to the tax payers queries and asking the right questions

The answer for the above mentioned question is (A) the certified volunteer should make sure all questions on Form 13614-C are answered before starting the tax return.

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Miller, Inc. has 5,000 shares of 6%, $400 par value, cumulative preferred stock and 100,000 shares of $4 par value common stock

grin007 [14]

Answer:

$40,000

Explanation:

Calculation to determine the amount of dividends received by the common stockholders in 2017

First step is to calculate the preferred stock

Preferred stock=(5,000 shares*$400)*6%

Preferred stock=$2,000,000*6%

Preferred stock=$120,000

Now let calculate the amount of dividends received by the common stockholders in 2017

Dividend Received=($200,000-$120,000)/2

Dividend Received=$80,000/2

Dividend Received=$40,000

Therefore the amount of dividends received by the common stockholders in 2017 will be$40,000

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2 years ago

1. You will receive a Financial Aid Award Letter... *

Marrrta [24]

After you have completed the FAFSA and applied to colleges

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3 years ago

What is the purpose of cost accounting iss?

vitfil [10]

The main purpose of cost accounting is to find out the cost of the various processes in the business so that selling prices can be fixed appropriately.

<h3>What is cost accounting?</h3>

This is an accounting method that allows companies to find out the cost of various processes and transactions they embark on.

Knowing these costs will enable the company to know the price it can charge on goods so that it can recoup these costs and make profits.

Find out more on cost accounting at brainly.com/question/24516871.

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1 year ago

Which stage in project management involves team members working on the assigned tasks as described in the project plan?

vagabundo [1.1K]

Answer:

C. execution

Explanation:

The execution stage is 3rd stage in project management lifecycle is usually is longest phase as during which the teams develops the product or services and presents the final end product to the clients. Here the team members work on the same set of guidelines that are assigned or designed in a project.

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3 years ago

Olivia johnson is an exempt employee and earns $125,000 per year. if olivia was paid on a biweekly basis, what would her gross p

Lelechka [254]

Olivia Johnson makes $125,000 a year as an exempt employee. if Olivia was paid on a biweekly basis her gross pay would be $ 5208.33.

<h3>What do you mean by Gross pay?</h3>

Before any deductions are done, a person's gross pay is their total earnings for a specific time period. Deductions such as mandated taxes and Medicare contributions, as well as deductions for company health insurance or retirement funds, are not taken into account when calculating gross pay. The gross pay definition differs from the net pay definition in that it does not include an individual's take-home pay.

The formula to calculate gross pay is mentioned below:

Net pay plus taxes and deductions equal gross pay.

To know more about Gross Pay, visit:

<u>brainly.com/question/14690804</u>

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2 years ago

Read 2 more answers