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Elena L [17]
2 years ago
7

True or false: It's inevitable that budgeting will hinder enjoyment of life, forcing people to make financial sacrifices.

Business
1 answer:
NeTakaya2 years ago
7 0

Based on financial analysis, it is <u>False</u> that It's inevitable that budgeting will hinder the enjoyment of life, forcing people to make financial sacrifices.

<h3>What is Budgeting?</h3>

Budgeting Is the process of making a financial plan which includes planning on expenses, revenue, savings, assets, liabilities, cash flow, etc.

<h3>Benefits of Budgeting</h3>

There are various benefits of budgeting, some of which include the following:

  • For providing limits or guides to spend.
  • To achieve financial goals.
  • To prepare for emergencies.
  • To aid better retirement, etc.

Hence, in this case, it is concluded that the correct answer is "<u>False</u>."

Learn more about Budgeting here: brainly.com/question/22532334

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3. This year, Paula and Simon (married filing jointly) estimate that their tax liability will be $200,000. Last year, their tota
choli [55]

Answer:

When a taxpayer has an underpayment of estimated tax or fall behind on his/her tax prepayment, then he/she is required to pay a penalty on Form 2210. This penalty is called underpayment penalty.

According to the tax laws, Mr. P and Ms. S can avoid an underpayment penalty if their withholding's and estimated tax payments equal or exceed one of the following two safe harbors:

  • 90 percent of current tax liability ($200,000 x 90% = $180,000)
  • 110 percent of previous year tax liability (110% x $170,000 = $187,000)

From the above calculation, it is clear that Mr. P and Ms. S's withholding's ($175,000) do not equal or exceed the amount of two safe harbors. So, they need to increase their withholding's or make estimated payments to avoid underpayment penalty.

If Mr. P and Ms. S increase their withholding's by $5,000 or make estimated payments of $1,250

per quarter ($5000/4), they can avoid the underpayment penalty.

Mr. Paula and Simon average gross income is greater than $150,000, so 110% is taken.

7 0
3 years ago
Read 2 more answers
Short notes on foods for bee​
inna [77]

Answer:

The answer to this question varies depending on what their role is in the hive. For example, many worker bees eat the same exact foods such as honey, pollen, and nectar. However, the elusive queen bees (less common in a hive) are typically fed a different diet while growing up to change their overall larval development.

8 0
3 years ago
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On January 2, 2019, Adelphi Company purchased a patent for $235,000 plus
Ymorist [56]

Answer:

The annual amortization expense for 2019 will be $35000.

Explanation:

The amortization expense for the patent calculated based on the useful life of patent. The purchase of value of $235000 plus $10000 gives the total value of $245000 while use the patent of 7 years.

The formula for amortization expense = (Cost of patent - Residual value ) / Useful life of patent)

amortization expense = ($245000-0)/7 = $35000

The legal life would not count due patent in business use for limited life compare to legal life of patent.

4 0
3 years ago
You work as the inventory manager at a golf pro shop. The club pro has reviewed and approved a new golf club collection, and you
vladimir2022 [97]

'You work as the inventory manager at a golf pro shop.' In this scenario, you are in the role of buyer. This is further explained below.

<h3>Who is a buyer?</h3>

Generally, a buyer is simply defined as one who purchases a product or service.

In conclusion, In a golf pro shop, you're the inventory manager.' You play the buyer in this scenario.

Read more about  buyer

brainly.com/question/13954956

#SPJ1

8 0
2 years ago
Portfolio management matrices are applied to what level of strategy?.
bazaltina [42]

Answer:

Portfolio managers oversee a collection of projects, programs and other activities that are grouped together to meet strategic business objectives. The practice of portfolio management is integral to the implementation of your organization’s overall strategic plan.

Explanation:

3 0
2 years ago
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