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3 years ago

What happens after the irs accepts your tax return?.

Business

1 answer:

Mandarinka [93]3 years ago

4 0

Answer:

First, they "stamp" the return with an electronic postmark, and then they will send it to the government.

Then you both wait 24 to 48 hours for the IRS to accept your return.

What are they doing? They are checking your personal information to make sure it matches their records.

If everything looks good, the IRS accepts your return.

Hope this helps..

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At a production level of 5,150 units, a project has total cash costs of $130,789. The variable cost per unit is $11.07, and the

Sphinxa [80]

Answer:

d. $73,778.50

Explanation:

Variable Cost = $11.07 per unit x 5,150 units = $57,010.50

Total Cost = $130,789

Fixed Cost = Total Cost - Variable Cost

Fixed Cost = $130,789 - $57,010.50

Fixed Cost = $73,778.50

Since Depreciation is the Fixed Cost and we have been given the Total Cost of the Project, so the Depreciation is already included in the Fixed Cost.

Hence Total Fixed Cost is equal to $73,778.50.

3 0

3 years ago

Senay is considering attending a movie with a ticket price of $35. She estimates that the cost of driving to the movie and parki

Step2247 [10]

Answer:

$85

Explanation:

3 0

3 years ago

Billy Boi Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent yea

Lena [83]

Answer:

The correct answer is $5,160.

Explanation:

According to the scenario, the given data are as follows:

Estimated OH = $88,480

Estimated direct labor hour = 2,800 labor hour

So, Estimated OH per labor hour = $88,480 ÷ 2,800 = $31.6 / labor hour

Actual OH = $80,160

Actual Direct labor hour = 2,700 labor hour

Now, Applied OH = Estimated OH per labor hour × Actual Direct labor hour

= $31.6 × 2700

= $85,320

Since, Applied OH is Greater than Actual OH, it is underapplied OH.

Underapplied OH = Applied OH - Actual OH

= $85,320 - $80,160

= $5,160.

Hence, the underapplied OH for the year was $5,160.

6 0

3 years ago

How do you calculate a company's net worth?

Musya8 [376]

Answer: d
To find a companies net worth you subtract total liabilities from total assets
Your welcome…

5 0

2 years ago

A company had a beginning balance in retained earnings of $44,300. It had net income of $7,300 and paid out cash dividends of $5

Anit [1.1K]

Answer:

$45,650

Explanation:

a) Calculations of Retained Earnings:

Beginning balance = $44,300

Net Income = 7,300

less Dividends -5,950

Ending balance = $45,650

b) A statement of changes in Retained Earnings is always prepared to include the net income available for distribution to stockholders and exclude the distributions already made to stockholders in the form of dividends before arriving at the ending balance of Retained Earnings. This later figure is reported in the Balance Sheet. This process is also part of the closing entries of temporary accounts to permanent accounts at the end of an accounting period.

3 0

3 years ago