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2 years ago

Why is it important to file your income taxes before tax day? provide two reasons.

Business

2 answers:

Lana71 [14]2 years ago

8 0

Answer:

There are several reasons to complete tax returns early rather than waiting until Tax Day: More accurate returns potentially resulting in larger refunds. Less competition for appointments with tax preparers. More time to plan for tax payments. Less chance of tax fraud.

Explanation:

:) DO YOUR TAXES!!! lol

pishuonlain [190]2 years ago

6 0

Because if you file the, store tax day then there is less stress when it comes to filling them out. Also if you just fill them all out the day of then you might become more frantic and forget things.

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The following information was taken from the records of Marigold Inc. for the year 2020: Income tax applicable to income from co

ivolga24 [154]

Answer:

Net income is $312,610.

Explanation:

This can then be prepared as follows:

Marigold Inc.

Single-Step Income Statement

For the Year 2020

Particulars $ $

Revenue

Sales Revenue 1,634,000

Rent revenue 34,400

Gain on sale Of equipment 81,700

Total revenue 1,750,100

Expenses

Cost of goods sold (731,000)

Selling expenses (258,000)

Administrative expenses (206,400)

Loss on write-down of inventory (51,600)

Total expenses  (1,247,000) 

Operating income before tax 503,100

Tax on income from continuing

operations (160,820)

Income from operation after tax 342,280

Other income (loss ) (net of tax)

Unrealized holding gain on

available-for-sale securities (net of tax) 12,900

Income from continuing operations

after tax 355,180

Discontinued operations

Loss on discontinued operations

before tax (64,500)

Tax on loss on discontinued operations 21,930

Loss on discontinued operations after tax (42,570)

Net income  312,610 

Earning per share

(Net income / Number of Shares outstanding) 3.13

5 0

2 years ago

The decision making process followed by consumers to maximize utility assumes that

oksian1 [2.3K]

The decision-making process followed by consumers to maximize utility assumes that the consumer has a limited income, the consumer is able to rank their preferences, the consumer behaves rationally.
The term utility used by the economist as a measure of satisfaction, happiness, a joy of a person.

5 0

3 years ago

: which statement is true about nonexempt employees? group of answer choices under the flsa, executive, professional, and admini

Kobotan [32]

The true statement that we can see about the non exempt employees is that nonexempt employees are covered by flsa and include most hourly workers.

<h3>What is meant by non exempt employees?</h3>

Employees who are not excluded from pay have a right to the minimum wage and overtime compensation if they put in more than 40 hours per week.

For each hour over 40 in a workweek, businesses are required by the FLSA to pay non-exempt workers no less than time and a half their usual wage rate. If a non-exempt worker isn't paid hourly, one can determine their hourly rate by dividing their total earnings by the number of hours they worked. When making these calculations, vacation, holidays, and sick days shouldn't be taken into account unless the person really worked on those days.

Employers shouldn't presume that just because a worker receives a pay, they can be lawfully regarded as exempt under the FLSA. Employees may be entitled to overtime compensation if they don't pass an acceptable duties test, make less than $684 per week or $35,568 per year, or have certain deductions made from their pay.

Read more on non exempt workers here: brainly.com/question/28136801

#SPJ1

3 0

1 year ago

Total variable costs ________ with decreasing output. A) always increase B) always decrease C) initially increase and then decre

lbvjy [14]

Answer:

The answer is B.

Explanation:

Total variable cost always increases as output(unit of production) increases. And it also decreases with decreasing output(unit of production).

Variable cost is different from fixed cost in that it changes with output.

6 0

3 years ago

Why is it important to use the right strategies to beat competition?:

Cloud [144]

Answer:

Therefore, competitive strategy is essential for the survival of the product in the market. Having a new competitive strategy to beat rival companies or their products by renaming or redesigning their products will help the company to be more profitable and create an image new on the market.

3 0

2 years ago