All categories

3 years ago

Each year, you must file ____________________.

1 answer:

3 0

According to the Internal Revenue Services and the tax code, each year, you must file "your federal taxes and state taxes if your state requires it"

Individuals are required to pay taxes to the federal government and the state government.

There are various types of taxes available, some of which include the following:

Income Tax
Payroll Tax
Excise Tax
Corporate Tax, etc.

All these taxes are paid to the federal government and state if they require it.

Hence, in this case, it is concluded that the correct answer is option D. "your federal taxes and state taxes if your state requires it."

Learn more about tax here: brainly.com/question/16381818

You might be interested in

If you were trying to decide whether to take out an auto loan for $6500 to buy your first car, thereby allowing you to commute f

Ksivusya [100]

Answer:

Yes, Loan would meet our requirement to commute for an impressive summer internship program next year

Explanation:

Taking a loan would meet our requirement of buying a car. We will be able to make the downpayment. This will enable us to buy a car. So the decision to take the loan will be valid.

It will help us in commuting easily for the summer internship program. We will immediately get the car after making down payment and will avail of the benefits of using the car. This is a healthy type of debt.

8 0

3 years ago

The story of how prilosec otc successfully used sponsorship of bunco gaming, in particular the bunco world championship illustra

Basile [38]

The principle that is ideal for branding through sponsorship scenario are the following;

- Taking advantage of the excellent overlaps that are between with the customer and the benefit of the brand

- The individual should be able to connect with the consumer in a meaningful and fun way

- Unique connections should be leverage between the brand and the consumer by means of building loyalty and favorable word

4 0

3 years ago

If lynx corp. estimates its bad debt to be 1% of net credit sales, what will be the balance in the allowance for doubtful accoun

hodyreva [135]

Using the numbers as written in the corresponding question, you would subtract 20,000 from 100,000 to get your amount of net profit. The 100k and the 20k are original sales figures, with the 100 being total sales and the 20 being sales returns. After subtracting the total returns you are left with net profit of 80k. You would then multiply the 80k by 1% to get your amount for bad debts. The total would be $800 of bad debt expenses (debts)..

4 0

3 years ago

Lois has a balance of $970 on a credit card with an APR of 24.2%, compounded monthly. About how much will she save in interest o

Aleks04 [339]

Answer:

Lois will save $152.51 when she wil transfer her balance.

Explanation:

Amount to be paid in 1 year for original credit card is given as

$P_1^{'}=P*(1+r_1)^t$

Here $P^{'}_1$ is the amount to be paid after P is the balance which is 970, $r_1$ is the APR for first credit card which is 24.2% and t is compounding frequency which is 12 so

$P_1^{'}=P*(1+r_1)^t\\P_1^{'}=970*(1+\dfrac{24.2}{12}\%)^{12}\\P_1^{'}=970*(1.0207)^{12}\\P_1^{'}=970*1.2707\\P_1^{'}=\$1232.61$

Similarly for the second one the values are calculated as

$P_2^{'}=P*(1+r_2)^t\\P_2^{'}=970*(1+\dfrac{10.8}{12}\%)^{12}\\P_2^{'}=970*(1.108)^{12}\\P_2^{'}=970*1.1135\\P_2^{'}=\$1080.10$

The differnce of the two values is calculated as

$P_1'-P_2'=1232.61-1080.10\\Difference=\$ 152.51$

The difference is $152.51 which she could save.

7 0

3 years ago

Read 2 more answers

The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars): Pretax

Amiraneli [1.4K]

Answer:

$108

Explanation:

The computation of the taxable income is shown below:

= Pre accounting income + Overweight fines (not deductible for tax purposes) + depreciation expenses - depreciation in the tax return using MACRS

= $150 + $5 + $65 - $112

= $108

We simply added the overweight fines, and depreication expenses and deduct the deprecation in the tax return to the pre accounting income so that the taxable income could arrive

Plus we ignored the applicable tax rate i.e 25%

7 0

4 years ago