Answer:B. Amanda must advise Sean and Dianne promptly of the inaccuracy and the consequences provided by Internal Revenue Code and Regulations.
Explanation:
Sean and Dianne have probably engaged Amanda at the end of the tax year and they are to face implications of the transactions as it relates to tax matters, Amanda is to provide them with legislation in relation to the matter to educate them in future tax transactions.
Writes in their own language as used colloquially.
Answer:
The correct answer is letter "A": Must be calculated on earned income as well as adjusted gross income in some cases.
Explanation:
The Earned Income Credit is a refund the government issues to taxpayers in case their earned income or Adjusted Gross Income (AGI) is lower than the amount of taxes they need to pay. The maximum earned income to qualify for an earned income credit also depends on the number of children in the household, and if the file return is submitted jointly.
Answer:
$339,600
Explanation:
The internal rate of return is the relationship between the price of the equipment and their yearly cash flow. the IRR makes the net present value equal to zero thus, it makes the present value of the yearly cashflow equal to the cost:
C 60,000.00
time 12
rate 0.14
PV $339,617.5275
<em><u>From the given option:</u></em>
$ 339,600 is the closest option.
Answer:
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