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Effectus [21]
3 years ago
6

The Jones are a married couple and have always filed joint tax returns. On May 18, 2017, the couple was assessed with tax defici

encies for the 2015 tax year. The assessment relates to income paid to Mr. Jones which was not reported on the joint return. The couple’s accountant prepared the return. The couple reported $50,000 income for 2015. The amount of the income omitted was $200,000.
Mrs. Jones is a homemaker. She admits that based on their lifestyle she thought the couple's income was approximately $100,000 ($50,000 more than reported). However she had limited access to her husband's financial documents and relied on the accountant. She claims she had no knowledge of the extent of the unreported income and assumed much of their income was non- taxable in nature. You should advise her that she:

a. Under no circumstances will she be responsible for any of the taxes due because an accountant prepared the return.
b. May be able to avoid liability to the extent she had no actual knowledge of the deficiency when filing the return. The burden of proof will be on the IRS.
c. May be able to avoid liability to the extent she had no reason to know of the deficiency (and did not have actual knowledge) when filing the return. The burden of proof will be on her.
d. None of the above.
Business
1 answer:
Katena32 [7]3 years ago
8 0

Answer:

c. May be able to avoid liability to the extent she had no reason to know of the deficiency (and did not have actual knowledge) when filing the return. The burden of proof will be on her.

Explanation:

The doctrine of <em>innocent spouse relief</em> might apply here. Mrs. Jones will have to prove that:

  1. the income that was omitted was earned by her husband, not her.
  2. she must prove that when she signed the tax filings, she was not aware of the omission.
  3. after examining all the facts surrounding the omission, the IRS must decide that blaming her would not be fair.

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How does relationship marketing affect service customers?a) It reduces the need for interaction between them and the service pro
KiRa [710]

Answer:

The correct answer is B: it increases their switching costs

Explanation:

Relationship marketing is about establishing a long-term bond with consumers. Instead of pursuing a  one-time sale, relationship marketing tries to encourage customer loyalty by providing top of the notch products and services. Relationship marketing is usually not linked to a single product or offer. It involves a company perfecting their business to maximize the value of that relationship for the customer.

Relationship marketing principally requires the improvement of internal methods. The objective is to make the costumers experience to the fullest, meeting their expectations and creating a bond beyond the service itself. When you, as a company, achieve a level of uniqueness to the consumer, the cost of switching companies increases. It is more difficult to find a provider that fulfills your needs and desires.

4 0
2 years ago
On May 31, Money Corporation's Cash account showed a balance of $16,000 before the bank reconciliation was prepared. After exami
yaroslaw [1]

Answer:

cash balance tobe reported in the balance sheet 16,880

Explanation:

cash account   16,000

NSF check            240

service charge      (80)

amend mistake:    720

adjusted:          16,880‬

the check oustanding and the deposits in-transit are adjustment for the bank balance. not the firm cash accounting

We must look for data which wasn't know until receive the bank statement.

Those are:

the non-sufficient funds

the service charge

and the accounting mistake

6 0
3 years ago
Which of the following countries is the world's leading exporter of cacao beans?
const2013 [10]
The country that is the world's leading exporter of cacao beans is Cote d'lvoire. Since the 60's, the production of these beans has increased to 3.6 million tonnes. The 2nd highest country that is an exporter of cacao beans is Ghana. The correct answer is A. 
8 0
2 years ago
In a RACI chart, the single individual who will have to provide an explanation if something goes wrong is indicated with a(n) __
olga55 [171]

Answer:

The correct answer is letter "A": Accountable.

Explanation:

The RACI (<em>Responsible, Accountable, Consulted, and Informed</em>) chart is a matrix with two variables: decision-making activities and authorities. The RACI chart aims for having an individual assigned to a certain activity according to what may suit him or her best that requires them to be:

  • Responsible<em>: perform work.</em>
  • Accountable<em>: have yes/no/veto power and explain the outcomes of a decision.</em>
  • Consulted<em>: provide feedback.</em>
  • Informed<em>: represent a source of data.</em>
3 0
3 years ago
Toyota manufactures in Japan most of the vehicles it sells in the United Kingdom. The base platform for the Toyota Tundra truck
Rufina [12.5K]

Answer and Explanation:

The computation of the change in price is shown below:

Original import price

= 1,650,000 ÷ 197

= 8375.63

The new import price is

=  1,650,000 ÷ 190

= 8,684.21

Now the percentage change in price is

= (8,684.21 - 8375.63) ÷ 8375.63

= 3.68%

This would be equal to the percentage change in the Japanese yen as the price of the truck remains unchanged

4 0
3 years ago
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