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Reika [66]
2 years ago
12

Juanita is the sole shareholder of Belize Corporation (a calendar-year S corporation). She is considering revoking the S electio

n. It is February 1, year 1. What options does Juanita have for timing the effective date of the S election revocation
Business
1 answer:
Yanka [14]2 years ago
7 0

Answer:

January 1 Year 2 would be an effective date.

Explanation:

Juanita have two ( 2 ) options and they are

  • Terminating the election after March 15th
  • Terminating the Election at the beginning of the next Financial year

Since it is already February 1 Year 1 , The most effective date for the S election revocation would be January 1 year 2 ( calendar-year of S corporation ) .

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You make $13.00 Per Hour. You work 40 hrs. a week for 5 weeks this month. Total Hrs. Worked = _____
tangare [24]

Answer:

assuming that this month was extraordinarily long, and had more days than any other month in history, you worked a total of 5 x 40 = 200 hours

Also, due to length of the month, you will earn 200 hours x $13 = $2,600

Generally months tend to have between 20-23 labor days

5 0
3 years ago
Which of the following is a condition that triggers the penalty for negligence or intentional disregard? 1) the taxpayer underst
Vsevolod [243]

Answer:

2) the taxpayer shows negligence or disregard of the rules or regulations, causing an underpayment.

Explanation:

             When any taxpayer shows some negligence or if they disregard the rules and the regulations, causing an underpayment, then it leads to a penalty for the disregard or the negligence.

              Also, when a taxpayer intentionally understates his or her tax by a larger of $5000 or a 10% of his / her correct tax, then it is an accuracy related penalty.

              And, also the information related penalties which are levied for failure of  taxpayer to pay the amount of tax owed by  due date and also failure to filing the return by the due date.

Thus option (2) is correct.

5 0
3 years ago
One truth about using color in magazine advertising is?
Volgvan

Answer:

The correct answer is letter "A": Color ads are considered better suited for attracting and holding attention.

Explanation:

Magazines are mediums of communication targeted to a special sector of the market. Examples of magazines are <em>sports magazines, auto magazines, computer science and electronics magazines, </em>and <em>cuisine magazines</em> to mention a few.  

As magazines are published periodically it is important that the advertisement displayed captures the attention of the audience. To do so, magazines tend to use color promotions where readers can see the products being promoted more detailed than by just displaying them in black and white.

5 0
3 years ago
Which best compares and contrasts the teaching and training careers and the professional support careers?
ohaa [14]

The teaching and training careers and the professional support careers can be compared because option  A) Both careers try to support student success; however, teaching and training careers involve direct instruction of students.

<h3>What are teaching and training careers and the professional support careers ?</h3>

They are both careers that is needed for the students so they can come out with flying colors.

For instance, teaching involves passing across knowledge to students, and the teacher is expected to use different techniques so that the students can cope and be successful academically.

Therefore, option A is correct.

Learn more about careers  at:

brainly.com/question/6947486

#SPJ1

7 0
2 years ago
"Which one of the following items requires an adjustment on the bank side of the bank reconciliation?
ale4655 [162]

Answer:

Deposits in transit

Explanation:

A company's deposit in transit is the currency and customers' checks that have been received and are rightfully reported as cash on the date received, and the amount will not appear on the company's bank statement until a later date. A deposit in transit is also known as an outstanding deposit.

When there is a deposit in transit, the amount should be listed on the company's bank reconciliation as an addition to the balance per bank.

5 0
3 years ago
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