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lukranit [14]
3 years ago
7

1. What are some strategies that you can use to prepare to file taxes each year? What would

Business
1 answer:
levacccp [35]3 years ago
4 0

Answer:

1. Some strategies used to prepare filing taxes each year could include keeping each receipt knowing exactly what you spend, along with a filing system to sort out each piece of information needed for filing taxes with creating new folders and subfolders within.

2.They help pay for roads and other government projects.

3.Personal financial planning method of planning, financing, and investing activities, the taxes help us in meeting our goals and desires.  Taxation affects the planning as it created a need and demand for money at the time of retirement.  As proper planning is influenced by the taxes and they help to decide more clearly the person's finances and things you want.  Hence they help in planning cautiously and adequately.

4. Four types of taxes that you can pay are the State Withholding Tax, a Federal Withholding Tax, a Property Tax, and a Sales Tax. Both withholding taxes are withheld from your paycheck going into state officials and federal officials. Property Taxes are charged against any personal property that you own, and Sales Tax is what you pay on any purchases that you buy, each price varying depending on what state or country you're in.

5. Challenges Faced By people When Filing Their Income Tax Returns:

Failure to enter the correct details.  

Incorrect computation income.  

Mismatch of important details.  

When the employer does not give HRA benefits.  

Failure to calculate some deductions which can be claimed.

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2 years ago
Jax Recording Studio purchased $8,200 in electronic components from Music World. Jax signed a 90-day, 10% promissory note for $8
Brilliant_brown [7]

Answer:

E. Debit Notes Receivable $8,200; credit Sales $8,200

Explanation:

According to the problem, computation of the given data are as follows,

Sales on credit = $8,200

Notes receivable = $8,200

So, journal entries of the sales transaction are as follows,

Notes receivables A/c Dr.       $8,200

      To, Sales A/c.                   $ 8,200

(Being sales of equipment is recorded)

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3 years ago
3. 1.2 Explain how the looting of shops and malls will affect businesses in terms of the relationship between social responsibil
aliina [53]

Looting shops and malls is a serious crime which today's world faces. Whenever there is any event or natural disaster there is a group of people who exploit this situation.

Many shops and malls are looted as everyone is busy escaping the natural disaster.

There are the people who benefit from these crisis. There is social responsibility of every citizen not to exploit the situation.

Learn more at brainly.com/question/24383254

3 0
3 years ago
Read 2 more answers
What are two kinds of open-ended credit?
STALIN [3.7K]

Answer:

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Explanation:

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3 years ago
Which of the following is measured by utility? A. The satisfaction a person gets from consumption. B. The cost of adding a singl
Svet_ta [14]

Answer:the satisfaction a person gets from consumption

Explanation:

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