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bixtya [17]
3 years ago
8

Marilyn filed her tax return on April 15. At that time, she owed $900 on a total tax liability of $10,000 and she submitted a ch

eck for $900 with her tax return. Which of the following penalties will apply to Marilyn?
A. Failure to file.
B. Underpayment of estimated tax.
C. Failure to pay.
D. None of the penalties apply to this return.
Business
1 answer:
BlackZzzverrR [31]3 years ago
8 0

Answer: D. None of the penalties apply to this return.

Explanation:

Marilyn filed her tax return on April 15 which was the deadline for filing in 2020 until it was moved to the 15th of July 2020 on account of the ongoing pandemic. She also attached a cheque for the payment of the tax liability she owed. She filed on time  and paid her liability therefore none of the penalties are applicable to her.

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Vanessa is organizing a proposal for a client to buy her company's services. What information should she put in her proposal?
natta225 [31]
Hey friends 
I believe the answer to this question would be A
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3 years ago
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An analyst is considering an investment in Treetops Inc. and has gathered the following information. What is the expected return
lesantik [10]

Answer:

Expected Return =

Recession  = ( 20/100)* 20%   =  4%

Steady      =   (40/100)*10%      =  4%

Boom       =   ( 40/100)  *  35%   =<u>  14%</u>

         Expected Return =         <u>   22%</u>

there is no answer in the option. The correct answer is 22%.

Explanation:

Expected return of share is the summation of probability multiply by the return expected in a situation of the economy.

8 0
3 years ago
Good X and Good Y are related goods. When the price of Good X rises by 20 percent, the quantity demanded for Good Y falls by 40
ch4aika [34]

Answer:

-2

Explanation:

Good X and Y are related goods

When the price of Good X rises by 20 percent the quantity for Good Y falls by 40 percent

Therefore the cross price elasticity can be calculated as follows

= -40/20

= -2

Hence the cross price elasticity is -2

4 0
3 years ago
The following table shows a portion of a three-year amortization schedule. A 3-year amortization schedule. The loan amount or pr
larisa [96]

The correct statement is that at the end of two years a total interest of 1246.10 has been paid  on a principal of $11940, where the interest rate is 7.45 percent. So, the correct option is B.

The calculation on monthly payment of interest can be done by ascertainment of the interest paid for two years and division of such amount by total number of months.

<h3>Calculation of Monthly Payment</h3>

We know that the interest to be paid for the first year will be close to $902 and that for the second year will be calculated as follows,

\rm Interest for\ Second\ Year= Monthly\ Payment\ x\ 12\\\\\rm Interest for\ Second\ Year= 28.69\ x\ 12\\\\\rm Interest for\ Second\ Year= \$344.28

So, the total interest paid at the end of the second year will be,

\rm Total\ Interest\ for\ Two\ Years= Interest\ for\ One\ Year+ Interest\ for\ Second\ Year\\\\\rm Total\ Interest\ for\ Two\ Years= 902+344.10\\\\\rm Total\ Interest\ for\ Two\ Years= \$1246.10

So, the total interest paid fully at the end of two years will be $1246.10

Hence, the correct option is B that the  total interest of 1246.10 has been paid  on a principal of $11940 at the end of two years upon monthly payments of such years.

Learn more about monthly payment here:

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5 0
2 years ago
What are the opportunities of an entrepreneur
slavikrds [6]
Definition: the skill and risk taking ability of the person who brings the other resources or factors of production together to produce a good or service e.g. the owner of a business. These people are called entrepreneurs

Opportunities of an entrepreneur:
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8 0
3 years ago
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