All categories

3 years ago

Tax return preparers may generally rely on a client's representations without verification unless:

Business

1 answer:

Valentin [98]3 years ago

4 0

Answer:

Tax return preparers may generally rely on a client's representations without verification unless the information seems incorrect, inconsistent, or incomplete, Option A.

Explanation:

A "tax return preparer" usually relies in good faith without verification upon information furnished by a taxpayer or another advisor or third party. But he has the authority to make inquires in case he feels the information given is incomplete or inconsistent. Also, some of the provisions also require few circumstances or facts to be claimed before deduction is made. So, A tax return preparer should make relevant inquiries to decide if the information given is correct as required by an "Internal Revenue Code" section or a regulation to claim either a deduction or a credit.

You might be interested in

Voluntary exchange refers to an act of trading between individuals that makes both parties to the trade subjectively better off.

Bond [772]

The answer would be A. True

6 0

3 years ago

Which business function consists of the given aspects?

Ivenika [448]

Answer:

Explanation:

Becuuse when you read the qustion you see that it all led up to d

3 0

2 years ago

Which feature can be used to accomplish this?UVC wants to standardize their business logic. They want to ensure that workflow or

Anestetic [448]

Answer:

UVC wants to standardize to ensure that workflow order is guaranteed to the same each time. The feature that can be used to accomplish this is:

(A) Lightning Process Builder

(D) Visual Workflow

Explanation:

Lightning Process Builder is such a tool in workflow that allows your company without writing any line of code to easily automate the processes involved in the business like customer on-boarding. So UVC can use this feature to accomplish their goal.
Visual Workflow is such a tool that works which gives you drag and drop features in the workflow. They are more user-friendly due to their visualization feature so this feature can be used by the UVC.
The option B and C are not correct as they are not the good options as compared to other features as Workflow is not efficient as compared to Visual Workflow.

8 0

3 years ago

Melanie has a choice of driving or flying from Durham, North Carolina to Knoxville, Tennessee for a one-day business trip. If sh

Elis [28]

Answer:

Correct option is (b)

Explanation:

Time available for work if Melanie chooses to travel by air = 7 hours

Income per hour = $40

Total income earned if chooses to travel by air = 40 × 7 = $280

Time available for work if Melanie chooses to drive = 4 hours

Total income earned if chooses to drive = 40 × 4 = $160

Price differential = 280 - 160 = $120

As a rational decision maker, Melanie will choose to fly over drive only if her price differential is below $120. She will choose to drive if price differential is above $120.

4 0

3 years ago

A ____________ gap between GDP and NDP indicates an increasing obsolescence/depreciation of capital goods..

Tatiana [17]

Answer:

Explanation:

GDP is gross domestic product and NDP is net domestic product.

GDP measures market value of total goods and services produced in a particular period of time.

NDP is net domestic product . In its calculation, we deduct the value of depreciation of capital goods produced from the value of GDP.

NDP = GDP - depreciation .

So growing gap between GDP and NDP reflects the increasing obsolescence of capital goods , which warrants replacement of capital goods .

OPTION A is correct.

5 0

3 years ago