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Sergio [31]
2 years ago
14

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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Which of the following is not correct? Select one: a. Taxes levied on sellers and taxes levied on buyers are not equivalent. b.
liq [111]

Answer:

The correct answer is option a.

Explanation:

Taxes levied on either buyers or sellers are equivalent. In both cases, the tax creates a wedge. This wedge is the difference between the price that the buyers have to pay and the price that the sellers receive.  

The price that the buyers have to pay increases while the price that the sellers receive decreases. But this tax wedge does not depend on whom the tax is levied, it depends on the elasticity of demand and supply. So whether the tax is levied on buyers or sellers, the tax wedge will remain the same.

The tax burden will be shared between both buyers and sellers. So it is incorrect to say that the taxes levied on sellers and taxes levied on buyers are not equivalent.

8 0
3 years ago
First Financial Auto Loan Department wishes to know the payment required at the first of each month on a $10,500, 48-month, 11%
julia-pushkina [17]

Answer:

First Financial would divide the $10,500 loan by the present value of annuity due of 1.

The correct answer is C

Explanation:

Present value of annuity formula is used for determining the amount                   of loan payment. Since the payments will be made at the beginning of each month, we will apply the formula for present value of annuity due. In order to determine the amount of monthly payment, we will divide the principal by the present value of annuity due of 1.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

7 0
3 years ago
Linda is starting a new cosmetic and clothing business and would like to make a net profit of approximately 10% after paying all
stepan [7]
Is there more to this question??? What do you need to know??
7 0
3 years ago
Taco Loco is unsure whether the amount of beef that their computer thinks is in inventory is correct. What is the range in value
STALIN [3.7K]

Answer:

C: 17.78-30 pounds

6 0
3 years ago
Kana is a single wage earner with no dependents and taxable income of $205,000 in 2018. Her 2017 taxable income was $155,000 and
garri49 [273]

Answer:

$47439.50

Explanation:

For a single tax payer if your taxable income range is $200,000 - $500,000 then your income tax is $45,689.50 + 35% of amount over $200,000 of taxable income.

Income tax liability = $45689.50+{ 205000-200000)×35%}

$45689.50+(5000×35/100)

$45689.50+(5000×0.35)

$45689.50+1750

= $47439.50

The income tax liability will be $47439.50

5 0
3 years ago
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