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3 years ago

When auditing, the IRS typically selects which type of return?

Business

1 answer:

mote1985 [20]3 years ago

8 0

Answer:

When auditing, the IRS typically selects those with high incomes.

Explanation:

The Internal Revenue Service (IRS) is a United States government entity charged with the sole duty of collecting taxes and regulation of laws with regard to income tax. The IRS was constituted by the then President Abraham Lincoln in 1862 and gets it's authority under the United States department of Treasury.

The IRS collects taxes from either individuals or companies provided they earn an income withing the United States of America. Individuals and corporations can file income taxes electronically by use of an internet enabled computer or even a smart phone.

IRS audits are usually done to confirm whether the tax returns filed are accurate. The audits can be done for a variety of reasons, but it is mainly done if the tax income filed are not coherent with the nature of the individual or company. The IRS audits are not done on every entity that files their income taxes, but only on a select portion of these entities. Those who have high incomes are usually selected for auditing.

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Marcus is the director of a small company in Boston. He is trying to obtain parts from a manufacturer in Taiwan but that company

kozerog [31]

Answer:

The correct answer is: bribery.

Explanation:

Bribery involves an illegal activity where a reward is offered from one party to another(s) in order to provoke certain favorable behavior. Normally, the bribes are offered to public officials or high range executives to avoid legal responsibilities, or undesired laws or to change the payee point of view on a certain matter being discussed where substantial profits can be obtained.

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4 years ago

Read 2 more answers

Dominique owns an international grocery store, the World Food Market, where customers can purchase foods and canned goods from o

Svet_ta [14]

Answer:

Imports

Explanation:

Dominique owns an international grocery store, the World Food Market, where customers can purchase foods and canned goods from other countries. World Food Market is an example of a company that imports. Dominique imports products from different countries and make them available to its customers on their shelves. They have to buy those products from different sources. For this purpose, they have to put large amount of efforts in order to contact the foreign vendors and get their product imported in their country and ultimately at their store by spending costs and efforts. By importing products from other country, they can provide large product assortment to their customers.

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4 years ago

Which of the following employs the correct punctuation?

Pepsi [2]

A. I went to fourth grade however, that was a long time ago

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3 years ago

A nursery has $40,000 of inventory in dogwood trees and red maple trees. the profit on a dogwood tree is 27% and the profit on a

Afina-wow [57]

Answer: The amount invested in the dogwood tree was $5000, while $35000 was invested in the red maple tree.

We arrive at the answer as follows:

Let the proportion of dogwood trees be x.

Then the proportion of red maple trees in the nursery will be 1-x, since there are only two types of trees in the nursery.

We use the following formula to find the proportion dogwood and maple trees in the nursery:

$20 = 27x + 19(1-x)$

Solving for x we get

$20 = 27x + 19 - 19x$

$x = \frac{1}{8}$

We can find the proportion of maple trees as follows:

$1 - \frac{1}{8} = \frac{7}{8}$

Since we have the proportions, we can easily find the amount invested in type of tree as follows:

$Dogwood = 40000*\frac{1}{8} = 5000$

$Red Maple tree = 40000*\frac{7}{8} = 35000$

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3 years ago

As the director of HR, you are in a meeting with your corporate officers discussing the firm's deliberate use of personnel to ga

Vesnalui [34]

You are most likely discussing the general business environment in which your company must operate.

<h2>What is the general environment in business?</h2>

The diversity of external elements that have an impact on an organization's performance and operation is known as the general environment, or macro-environment. These outside factors can decide whether a company encounters market opportunities or failures.

The overall environment can influence how a firm identifies itself, the products it sells, and how it interacts with other businesses and regulatory bodies. When performing market research and strategic analysis, businesses often consider the overall environment.

<h2>What are the six elements of the business environment?</h2>

Sometimes, economic and legal aspects are combined to form five major components of the business environment. Political, economic, social, technological, legal, and environmental factors are the six components of the business environment.

<h3>What is the external business environment?</h3>

Economic, political and legal, demographic, social, competitive, international, and technological sectors make up the external business environment.
Managers need to be aware of how the environment is changing and how those changes are affecting the company.

learn more about area(s) of the general external business environment:

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2 years ago