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3 years ago

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

1 answer:

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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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Taco Loco is unsure whether the amount of beef that their computer thinks is in inventory is correct. What is the range in value

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Answer:

C: 17.78-30 pounds

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3 years ago

Assume (1) a predetermined overhead rate of $8.00 per machine-hour, (2) actual machine-hours worked during the period of 54,000

rodikova [14]

Answer:

Allocated MOH= $432,000

Explanation:

Giving the following information:

Predetermined overhead rate of $8.00 per machine-hour

Actual machine-hours worked= 54,000 hours

<u>To calculate the allocated overhead, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 8*54,000

Allocated MOH= $432,000

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3 years ago

Define term total utility and marginal utility

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Term total utility: The utility is the satisfaction that an individual derives from consuming a good or service. Similarly, total utility is the total satisfaction received from consuming a given total quantity of a good or service.

Marginal utility: Marginal utility is the added satisfaction a consumer gets from having one more unit of a good or service. The concept of marginal utility is used by economists to determine how much of an item consumers are willing to purchase. ... Marginal utility can be positive, zero, or negative.

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2 years ago

Read 2 more answers

Select the correct answer. Which form of relativism states that people rely on their own standards of right and wrong when makin

Sladkaya [172]

E. Naive relativism

Explanation:

Naive relativism is based on the belief that humans ha e a deep seated view of what is right and what is wrong and can judge things by their own standards and make a decision.

<u>These decisions are thus treated as truth derived from one's own self by the person who is concerned. </u>

Naive relativism means that people also project their sense of right and wrong over others and sort of treat it as if it is universal.

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3 years ago

The depreciation method that produces larger depreciation expense during the early years of an asset's life and smaller expense

Citrus2011 [14]

Answer:

Accelerated depreciation method

Explanation:

Accelerated method is a depreciation method in which the asset lost its book value at a quicker rate as compared with the straight line method. Under this method, it permit high deduction in the starting years so that the taxable income could be minimized

Therefore according to the given option the first option is correct and the same is to be considered

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2 years ago