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2 years ago

What should Susan's three main talking points be to convince her Mom that she should file her own tax

Business

1 answer:

Dimas [21]2 years ago

6 0

Answer:

Save money.

Have peace of mind.

Gain financial insight.

Explanation:

1. Save money. Hiring an accountant can be costly, and you can save a bundle if you choose to do your taxes yourself. Furthermore, anyone can file electronically for free via the IRS website. No matter how much your adjusted gross income (AGI) is, you can fill out and submit tax forms online, available via the IRS website. And if your AGI is $57,000 or less, the IRS will provide you a list of multiple companies that will guide you through the process. After your federal return is complete, they will transmit it electronically to the IRS for free. However, be aware that some of these companies will have additional restrictions beyond AGI and may charge you to file your state return.

Another option is to file using a 1040EZ. If you meet the requirements to file this form, some tax preparation companies, such as TurboTax, will complete your return for free.

2. Have peace of mind. I have always had a tough time trusting my tax return to an accountant. Not only are they overloaded this time of year, but you could make an error communicating pertinent information, such as neglecting to inform them of key deductions.

However, if you have a complicated return that requires you to fill out and file multiple forms, make sure you have a thorough understanding of the entire procedure. Otherwise, you are better off with the assistance of a professional.

3. Gain financial insight. An additional benefit to preparing your own taxes is that it will give you a closer look at your finances, and what effect certain saving options have on your return. For instance, I never realized the amount of money you can deduct by making tax-deductible donations until I started filing my taxes on my own. In fact, depending on your income tax bracket, donating unwanted items could be more beneficial than selling them.

I also learned to max out my IRA contributions each year to fully take advantage of that credit.

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Caveman Clubs Inc. tested a new graphite golf club that they have developed, Model X-5. They did a series of experiments with go

Ostrovityanka [42]

Answer:

The Answer is B. Quantitative data

Explanation:

The testing on the golf club, determined a improvement in the driving distance and this was measured numerically and showed in form of a percentage in comparison with average measurements.

When the information is presented with numerical data support, we can say its a quantitative data, because it tells us "how much?".

When the information is presented just with adjetives, telling us about the performance its a qualitative data, because it tell us "how things happened?"

A control variable is the data that is going to modified in order to see changes is the independent variable. In this case, the control variable could be the weight of the club (assumption), and the independent variable the driving distance data(not percentage).

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3 years ago

Which of the following phrases describes money?

lakkis [162]

The phrases that describes money the best would be: Medium of exchange

Before money were made, in order to obtain a product that we don't own, we need to exchange it with another product that we own. This system is commonly known as barter.

With money, we can obtain a product that we don't own without exchanging it with anything. This function is the reason why money is called medium of exchange

6 0

3 years ago

Read 2 more answers

Given your understanding of the marketing discipline (analyzing the situation through the 3cs, developing marketing strategy thr

Dmitrij [34]

Answer:

Explanation:

1.Price: check if our price is still within the range of what our customers can afford or budget for.

2.Promotion: Does our customers or potential customers still view our advertisements.

3.Product: is our product still relevant and up to date when it comes to services and software.

4.Customers: Talk about our target audience, is there any change?

5.Competition: what are our competitors doing, why do customers prefer them to us

5 0

3 years ago

If a firm produces a return on assets of 15 percent and also a return on equity of 15 percent, then the firm:

dem82 [27]

Answer:

No debt of any kind.

Explanation:

Then the firm has “no debt of any kind” because the company has the equity multiplier ratio is 1.

We have given the return on assets is 15 % and the same return is on the equity that is 15%.

Thus, the equity multiplier ratio can be calculated by dividing the total assets / total equity.

Equity mulitplier ratio = Total Assets / Total equity.

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3 years ago

Fixed overhead costs: A. never have any unused capacity B. should be unitized for planning purposes C. are unaffected by the de

d1i1m1o1n [39]

Answer:

C. are unaffected by the degree of operating efficiency in a given budget period.

Explanation:

Fixed over head costs or indirect costs are cost that do not vary with the level of out put. They are essential cost required to manage a business.

These costs are the same months by Months and are needed for the smooth running of the business. They are also unaffected by the degree of operating efficiency in a given budget period.

Examples of fixed overhead are rents, salaries, depreciation , insurance and taxes. It should however be noted that if there is an increase in sales compared to the budgeted sales of the company, there could be an increase in fixed overhead cost due to additional employees and administrative staff.

4 0

3 years ago