Complete Question:
Allen filed his 2019 tax return on May 15th, 2020, and underreported his gross income by 30 percent. Assuming Allen's underreporting is not due to fraud, the statute of limitations for IRS assessment on Allen's 2019 tax return should end:
May 15th, 2022.
April 15th, 2022.
May 15th, 2023.
April 15th, 2023.
None of the choices are correct.
Answer:
None of the choices are correct.
Explanation:
Because Allen has under-reported 30 percent of its gross revenue, SOL expires six years after
(1) the date of filing of the tax return, or
(2) the initial tax return times.
Gross revenue is the net sales recorded before any losses for a reporting period. This number shows the potential of an organization, but never the ability to create income, to sell products. Gross revenue allowances cover sales and revenue concessions.
The answer is having no choices.
Answer:
Job specifications
Explanation:
Two sets of statements usually accompany a new job offering when it is published - job descriptions and job specifications.
Job specifications detail the minimum academic qualifications and job-related experiences (among other information) required of an applicant for the job. Job specifications relates more to the ideal person for a job rather than the job itself. As such, job specifications include information relating to the education of an applicant, the minimum length of experience, specifications regarding previous roles and responsibilities, professional qualifications, skills, etc.
On the other hand, job descriptions describe the roles and responsibilities required of a person in role being advertised. It will include day-to-day activities to be carried our in the role, expectations in the role, and sometimes, key performance metrics.
Answer:
Allowable Business Expense is $50
Explanation:
The entertainment expenses that were paid before the business deal are allowed business expenses and those entertainment expenses that were incurred after the business deal are disallowed business expenses.
So here, the entertainment expense that includes meal which is worth $100 and is the only allowable business expense here that was incurred before the business deal.
The meal with clients are 50% deductible which means only 50% of the $100 is allowed as business expense.
Allowable Business Expense = $100 * 50% = $50
Answer:
If 11 workers can produce a total of 54 units of a product and the 20 worker has a marginal product of six units what is the average product of 12 workers?
11 workers= 54 units
12 workers= ?
12 x 54/11= 59 units
Explanation:
