Elizabeth and Niko are very organized and do an excellent job organizing their personal financial records. How will this BEST help them when they file their taxes?

A. If they have organized records, they won’t likely have to file taxes.

B. This can help them maximize their deductions.

C. Their tax return will definitely not be audited.

D. They are guaranteed to get a tax refund instead of owing taxes.

Answers

Answer 1

Answer:

b

Explanation:

took the test


Related Questions

Discuss problems associated with trade deficit

Answers

Answer:

A trade deficit creates downward pressure on a country's currency under a floating exchange rate regime. With a cheaper domestic currency, imports become more expensive in the country with the trade deficit. Consumers react by reducing their consumption of imports and shifting toward domestically produced alternatives.

What role does competition play in business and global trade?

Answers

Answer:

Its always a competition

Explanation:

People use to complete on how the world gets and receives items same in business, companies compeate all the time trying to get the most money, visitors, and promotions.

For a broker to have affiliates, real estate must be the broker's main occupation and the broker must be

Answers

Answer:

financially stable.

Explanation:

must have financial capabilities

When the quantity supplied is greater than the quantity demanded:

Answers

Answer:

... you have lots of extra products lying around and often prices will drop.

Jim has an annual salary of $96,000. His monthly expenses include a $2,500 mortgage payment, a $250 lease payment, $500 in minimum credit card payments, and a $425 payment on his speed boat. He also receives $1,200 in interest from his savings and other accounts each month. Calculate Jim’s DTI (debt-to-income) ratio. A. 30% b. 35% c. 40% d. 45% Please select the best answer from the choices provided A B C D.

Answers

The debt to income ratio of Jim for the particular year is 40%.

How to compute the debt-to-income ratio?

Given,

Annual salary =$96,000

Interest received on saving account (monthly) =$1,200.

The interest received for the entire year will be:

[tex]\begin{aligned}\rm{Total\; Interest \;Income}&=\rm{Monthly\;Income}\times12\\&=\$1,200\times12\\&=\$14,400\end{aligned}[/tex]

Monthly expenses:

mortgage payment =$2,500; lease payment =$250; minimum credit card payment =$500; and speed boat =$425.

The yearly expenses will be:

[tex]\begin{aligned}\text{Total Expenses}&=\text{Sum of all Monthly Expenses}\times12\\&=(\$2,500+\$250+\$500+\$425)\times12\\&=\$3,675\times12\\&=\$44,100\end{aligned}[/tex]

Now, the debt to income ratio is computed as follows:

[tex]\begin{aligned}\text{Debt to Income Ratio}&=\dfrac{\text{Total Expenses}}{\text{Total Interest Income + Annual Salary}}\\&=\dfrac{\$44,100}{\$14,400+\$96,000}\\&=0.399\;\text{or}\; 40\%\end{aligned}[/tex]

Therefore, option c. 40% is correct.

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Hannah, age 65, is retiring today. Hannah would like $100,000 per year in retirement income. If the invested assets to gross pay benchmark is 16:1, how much should Hannah have saved for retirement according to the invested assets to gross pay benchmark

Answers

Based on the information given, the amount that Hannah will have saved for retirement will be $1,600,000.

From the information given, it was stated that Hannah would like $100,000 per year in retirement income and that the invested assets to gross pay benchmark is 16:1.

Therefore, the amount that'll have been saved will be:

= 16/1 × $100,000

= $1,600,000

In conclusion, the correct option is $1,600,000.

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besides starting the vehicle, what else can 2022 versa’s available remote engine start in do?

Answers

Answer:

Warm or cool the interior before driving.

Lopez Corporation, a manufacturer of household paints, is preparing annual financial statements at December 31, 2007. Because of a recently proven health hazard in one of its paints, the government has clearly indicated its intention of having Lopez recall all cans of this paint sold in the last six months. The management of Lopez estimates that this recall would cost $800,000.

Requried:
What accounting recognition, if any, should be accorded this situation?

Answers

The accounting recognition to be accorded in this situation is operating expense of $800,000 and liability of $800,000.

Basically, an accounting recognition refers to the act of recording a business transaction in the firm's accounting records.

Because the management of Lopez estimates that this recall of all cans of paint sold in the last six months would cost $800,000, then, the entry will be as follows

In conclusion, the accounting recognition to be accorded in this situation is operating expense of $800,000 and liability of $800,000

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Lucas spends $83. 42 in additional interest and charges on monthly payments as the result of a prior bankruptcy. If Lucas been able to save this money for the year and then put it into a savings account earning 1. 8% simple interest, how much money could he have in savings after 3 more years? a. $1,649. 72 b. $1,055. 10 c. $1,019. 06 d. $1,001. 4.

Answers

Answer: A

Explanation:

Based on the amount saved monthly and the simple interest earned in 3 years, the amount in savings would be $1,055.10.

The amount saved for the year would be:

= 83.42 x 12 months

= $1,001.04

If this amount was saved at simple interest at 1.8% per year, the amount in 3 years would be:

= Amount + ( Amount x rate x number of years)

= 1,001.04 + (1,001.04 x 1.8% x 3)

= $1,055.10

In conclusion, the account would have $1,055.10

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Which command is used to draw visible line form invisible line mode *
in microsoft window logo
PD
PU
PE
None of these

Answers

In Microsoft window logo, the command which is used to draw visible line that forms an invisible line mode is: A. PD.

Microsoft window logo is a programming language that was designed and developed at the Massachusetts Institute of Technology (MIT) by George Mills, based on the educational programming language called Logo.

Some of the commands that are used on Microsoft window logo include the following:

FORWARD (fd)BACK (bk)HOMERIGHT (rt)Pendup (PU)Pendown (PD)

In Microsoft window logo, the Pendown (PD) command is used to instruct the turtle to draw a visible line or leave ink (tracks) on the screen as it moves. Thus, it is a command which is used to draw visible line while forming an invisible line mode.

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RESPA (Real Estate Settlement Procedures Act) permits real estate firms to be affiliated with title insurance companies or mortgage brokers as long as

Answers

The RESP Act permits the real estate firms to be affiliated with title insurance companies or mortgage brokers as long as the companies make a written disclosure of their relationship with one another.

The Real Estate Settlement Procedures Act requires the lenders, mortgage brokers providing home loans to provide to borrowers, a pertinent and timely disclosures regarding the nature and costs of the real estate settlement process.

In conclusion, the Act of RESP permits the real estate firms to be affiliated with title insurance companies or mortgage brokers as long as the companies make a written disclosure of their relationship with one another.

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what did antonie van leeuwenhoek call his discovery

Answers

Answer:

Antonie Van Leeuwenhoek called his discovery "wee animalcules"

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aaron is earning 5% interest on his savings account. he starts with $5,000.00. how much money will he have in 6 months?

Answers

Answer:

I think the answer is $1,500.

Explanation:

I hope this helps. If the answer is wrong then sorry and you don't have to give me the points. In here I think I did the calculation wrong.

A savings account is an interest-bearing deposit account held at a bank or other financial institution. Aaron will have approximately $5,124.51 in his savings account after 6 months.

To calculate how much money Aaron will have in his savings account after 6 months, Compound interest is to be used,

A = P{1 + r/n[tex]\left \} }nt} \atop[/tex]

Where:

A = the final amount (including interest)

P = the principal amount (starting amount)

r = the annual interest rate

n = the number of times interest is compounded yearly

t = the time period in years

Given,

P = $5,000.00 (starting amount)

r = 5% = 0.05

n = 12 (compounded monthly)

t = 6 months = 6/12

n×t = 12 × 6/12 = 6

By calculating we get,

A = 5000(1.004166)⁶

A = 5000(1.02490)

A = 5124.51

After 6 months, Aaron will have approximately $5,124.51 in his savings account.

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which trade sanction (embargo or subsidy) would be more effective in protecting domestic jobs? EXPLAIN WHY!!!

Answers

Answer:

International trade increases the number of goods that domestic consumers can choose from, decreases the cost of those goods through increased competition, and allows domestic industries to ship their products abroad. While all of these effects seem beneficial, free trade isn't widely accepted as completely beneficial to all parties

In simplest terms, a tariff is a tax. It adds to the cost borne by consumers of imported goods and is one of several trade policies that a country can enact. Tariffs are paid to the customs authority of the country imposing the tariff. Tariffs on imports coming into the United States, for example, are collected by Customs and Border Protection, acting on behalf of the Commerce Department.6 7 In the U.K., it's HM Revenue & Customs (HMRC) that collects the money.

Describe Globalization in your own words

Answers

Answer:

Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. It can also mean the speedup of movements and exchanges all over the planet. It is important because it changes the way nations, businesses and people interact.

Hope that helped?

Explanation:

During 2019, ABC Company purchased $100,000 of merchandise. To bring the merchandise to the warehouse, Charcoal paid $5,000 in freight costs. By paying within the discount period, it was able to take advantage of $2,000 of discounts offered. When the merchandise arrived, inspection revealed that $3,000 of goods were not as ordered and were returned to the supplier. The net purchases of Charcoal Company were: ___________

a.$105,000.
b.$100,000.
c.$90,000.
d.$95,000.

Answers

I believe the Answer is: B.) $100,000.

The December 31, Year 1, financial statements of Edwards Co. (a privately held company) were available to be issued on March 1, Year 2, and were actually issued on March 3, Year 2. As of December 31, Year 1, Edwards Co. had 250,000 shares of common stock outstanding. On February 15, Year 2, Edwards Co. issued 500,000 more shares of common stock. As a result of this transaction, Edwards Co. must: __________

Answers

Because of those issued transaction, Edwards Co. must provide the disclosure about the stock issuance in the footnotes included with the December 31, Year 1 financial statements

A Footnote is a section for financial disclosure that shows how the numbers in the statement of financial position and cash flow statements were determined.

Here, there are various stocks in Edward Company which were issued in the accounting year.

Hence, because of those issued transaction, Edwards Co. must provide the disclosure about the stock issuance in the footnotes included with the December 31, Year 1 financial statements

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QUESTION 7 of 20: Money market refers to:

Answers

Money market refers to trading in short-term debt investments. It facilitates the lending and borrowing of money on a short-term basis.

On April 1, 1986, Casey deposited $1150 into a savings account paying 9.6%
interest, compounded quarterly. If he hasn't made any additional deposits or
withdrawals since then, and if the interest rate has stayed the same, in what
year did his balance hit $2300, according to the rule of 72?

Answers

Answer:4900

Explanation: it makes sence duh.

True or false :Equifax experian and transunion are legally obligated to provide identical information

Answers

True; Equifax, Experian, and TransUnion are legally obligated to provide identical information.

It should be noted that Equifax experian and transunion are legally obligated to provide identical information.

What is Experian and Equifax?

Experian and Equifax serves as a credit bureaus in the U.S that collect and research credit information.

They help individuals to rate the overall ability to pay back a debt.

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What are levels of production?

Amount of goods produced
Primary production
Producing at the Secondary level
Tertiary Production

Answers

Answer:

first one

Explanation:

Answer:

first one

Brainless and thanks plz

Explanation:

When countries specialize in the production of goods they have the comparative advantage in, both ___________ and ___________________ will increase

Answers

Based on the question above, demand and supply will increase.

Demanddemand is the quantity of a good that consumers are willing and able to buy at various prices during a given period of time.

Supply supply is the amount of a resource that firms, manufacturers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual.

Therefore, the correct answers are demand and supply.

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Traditional direct marketing tools include​ ________.

​A. websites, catalog​ marketing, telemarketing,​ e-mail, kiosks, and online videos

B. catalog​ marketing, telemarketing,​ websites, e-mail, direct mail​ marketing, and online advertising

C. catalog​ marketing, telemarketing,​ websites, e-mail, online​ videos, and blogs

D. face-to-face selling,​ direct-mail marketing, catalog​ marketing, telemarketing,​ direct-response television​marketing, and kiosk marketing

E. catalog​ marketing, online​ advertising, e-mail,​ telemarketing, direct-response television​ marketing, and websites

Answers

Answer:

Face to face selling, direct-mail marketing, catalog marketing, telemarketing, direct-response television marketing, and kiosk marketing. or in other words your option is D

Explanation:

Luis has a biweekly gross pay of $770 and claims 2 federal withholding allowances. Luis has all of the following deductions from his gross pay: federal tax from the following table Social Security tax that is 6. 2% of his gross pay Medicare tax that is 1. 45% of his gross pay state tax that is 19% of his federal tax Determine how Luis’ net pay will be affected if he increases his federal withholding allowances from 2 to 3. A. His net pay will decrease by $19. 0. B. His net pay will increase by $19. 0. C. His net pay will decrease by $22. 61. D. His net pay will increase by $22. 61.

Answers

Based on the information given, it should be noted that the correct option will be D. His net pay will increase by $22.61.

What is a net pay?

A net pay simply means the take-home pay. It's the earning of an employee after the deductions are subtracted from the gross pay of the employee.

From the complete information, it can be deduced that Luis has a biweekly gross pay of $770 and claims 2 federal withholding allowances. Taking the fact that the security tax, Medicare tax, etc are taken into consideration and the federal withholding allowances increased from 2 to 3, the net pay will be $22.61.

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The net pay of Luis will increase by $22.61 due to the decrease in the federal withholding allowances from 2 to 3.

Computation of net pay based upon the different levels of federal withholdings

Given,

Gross pay =$770

2 Federal withholding allowances =$50(taken from the reference table)

3 Federal withholding allowances =$31(taken from the reference table)

Federal state tax rate =19%

First, the state tax rate and the total amount of withholding for 2 Federal withholding allowances are computed:

[tex]\begin{aligned}\text{State Tax}&=\text{Claim Amount}\times\text{Federal State Tax Rate}\\&=\$50\times19\%\\&=\$9.50\end{aligned}[/tex]

[tex]\begin{aligned}\text{Total Amount of 2 withholdings}&=\text{Claim Amount}+\text{State Tax}\\&=\$50+\$9.50\\&=\$59.50\end{aligned}[/tex]

Now, the state tax rate and the total amount of withholding for 3 Federal withholding allowances are computed:

[tex]\begin{aligned}\text{State Tax}&=\text{Claim Amount}\times\text{Federal State Tax Rate}\\&=\$31\times19\%\\&=\$5.89\end{aligned}[/tex]

[tex]\begin{aligned}\text{Total Amount of 3 withholdings}&=\text{Claim Amount}+\text{State Tax}\\&=\$31+\$5.89\\&=\$36.89\end{aligned}[/tex]

The difference in the net pay will be the difference between $59.50 and $36.89, which is $22.61.

Therefore, Luis withholding will decrease from $59.50 to $36.89 that is increasing the net pay by $22.61

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In AHP procedure, can you explain the reason why we need to check the consistency and briefly explain the method of consistency checking?

Answers

In AHP Procedure, the reason why we need to check the consistency is:

To make sure that the pairwise comparison results are accurate

The brief explanation of the method of consistency checking is:

The weights of the individual elements are are calculated using pairwise comparison so that there would be a comparison of two advantages

The AHP which means Analytical Hierarchy Process has to do with the organization of the various processes that is responsible for the analysis of complex decisions making use of mathematics and psychology.

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Most people are very sensitive to risks and therefore will avoid them whenever possible. Please select the best answer from the choices provided T F.

Answers

The statement that the people very sensitive in taking risks totally avoid risks whenever possible is a TRUE statement. Such people do not fall under the category of risk-takers.

Risk ability is referred to as the desire to take risk based upon their risk profile and factors contributing to such decision like age, financial stability, responsibilities, etc.

Risk profile

The person who are willing to take risks and move ahead are called the risk-takers. Whereas, people who are very reluctant and hesitant in taking risks are referred as the risk aversers in business terms.

Risk aversion is the condition in which the person might not accept the difficult and extra rewarding alternative as there is a risk involved given that factors like age, stability, responsibilities, etc. also apply.

To explain this, it can be stated that a risky investor doesn't sell off his securities if their market value is declining, however a risk sensitive person will sell them early to avoid further losses.

Hence, the statement regarding the risk sensitive person's ability to avoid risk whenever possible is TRUE.

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Answer:

TRUE

Explanation:

EDGE2022

which are considered types of credit availablesto borrowers?check all that apply

Answers

Answer:

choices?

Explanation:

Michael has been saving his money and wants to invest it. After doing some research, he has decided to invest $20,000 into a Certificate of Deposit. The interest rate on the CD is 3% with a term of five years, and the interest is paid out annually. Based on recent inflation, Michael is planning on an annual inflation rate of 2%. Which statement best explains the interest rates related to this CD? The nominal interest rate is 3 percent, while the real interest rate is 2 percent. The nominal interest rate is 3 percent, while the real interest rate is 1 percent. The nominal interest rate is 1 percent, while the real interest rate is 2 percent. The nominal interest rate is 2 percent, while the real interest rate is 4 percent.

Answers

Since he is planning on an annual inflation rate of 2%., the statement that explains the interest rates relating to the CD is nominal interest rate is 3% while the real interest rate is 1%.

A real interest rate refers to the nominal rate which is adjusted for inflation.

We are given that Interest (nominal rate) is 3% and planned Inflation rate = 2%

Real interest rate = 1% (Nominal rate - inflation rate)

Hence, the statement that explains the interest rates relating to the CD is nominal interest rate is 3% while the real interest rate is 1%.

Therefore, the Option B is correct.

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Answer: the next one after b is A on the assignment

$200

Explanation:

A broker offered to list a prospective client's home only if the client agreed to let the broker find a new home for him. This is an example of A) a good deal for the prospective client. B) smart marketing by the broker. C) an illegal tie-in agreement. D) an acceptable arrangement if any cooperating broker in either transaction agrees to accept a reduced commission.

Answers

An example of illegal agreement is when the broker offered to list the prospective client's home if the client agreed to let him find a new home for him.

An illegal agreement refers to when a contract is agreed upon for an illegal reason where such reason are against the law.

The act of the broker in this case is seen as illegal because he is only suppose to negotiate and bargain.

Hence, the example of illegal agreement is when the broker offered to list the prospective client's home if the client agreed to let him find a new home for him.

Therefore, the Option C is correct.

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Your project team has expressed their communal position that they would prefer not to have a review meeting at the end of the project. As project manager, how should you respond to show the value of this meeting?

Answers

How you respond should show the value of this meeting is: To tell the team that lessons learnt from the project process can be used in other projects.

A project manager is a person whose sole responsibility is to:

Plan the projectDirect the projectManage the projectMonitor the projectExecute the project etc

Since the team said they would not have a review meeting at the end of the  completion of the project the best decision as a project manager is to tell the team member that lessons learnt from the project process can be used in other projects since the project is a special or unique project.

Inconclusion the project manager should tell the team that lessons learnt from the project process can be used in other projects.

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My response to the expressed communal position of the project team's  preference of not holding project review meetings is to stress its importance with regard to lessons for future projects.

The lessons that come from review meetings help the team to correct mistakes, realign processes, and improve performance.

Thus, since review meetings help to re-enforce the team's learning, I will reassure the team that the meeting would not take more time than necessary.  I will also ensure that each team member participate actively.

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