FreeTaxUSA is an integrated software package used to complete tax returns for individuals and businesses. This week, you will use FreeTaxUSA to complete your critical thinking assignment. Thus, this is a great time to learn more about the software. Visit the site - www.freetaxusa.comLinks to an external site. and create a free account using your CSU Global email address. Review the site and share one item that you found interesting and may assist you in completing a tax return.
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FreeTaxUSA is an integrated software package used to complete tax returns for individuals and businesses. This week, you will use FreeTaxUSA to complete your critical thinking assignment. Thus, this is a great time to learn more about the software.
Visit the site - www.freetaxusa.comLinks to an external site. and create a free account using your CSU Global email address. Review the site and share one item that you found interesting and may assist you in completing a tax return.
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- Download the spreadsheet here which includes a tax table in each tab. Edit the spreadsheet so you can use it to answer the following questions. Then upload images of your spreadsheet in the last part of the question. Hint: create a spreadsheet with a tax table you have already used (in a practice), use it to answer questions that you answered in that practice for which you have correct answers. That will help you be sure that your ideas here work. a. Suppose Erick has a total taxable income of $181,860. They are taxed at the Married Jointly rates. What is Erick's total tax bill? $ 39,913.3 Erick pays taxes at the following tax brackets (pick all that apply). 10% 15% 25% 28% 33% 35%What are 3 benefits of adding non-QuickBooks Online clients to your Client List in QuickBooks Online Accountant? -You can keep all client contact info, notes, and documents in one place -You can access all your ProConnect Tax Online clients from the same dashboard -You can launch your QuickBooks Desktop client companies directly from the Client Dashboard -You can create projects and tasks for non-QuickBooks Online clients in the Work tab to stay on top of important client deadlines -You can share documents stored in QuickBooks Online Accountant with the clientRequired information To complete this exercise, you will need to download and Install Tableau on your computer. Tableau provides free Instructor and student licenses as well as free videos and support for utilizing and learning the software. Once you are up and running with Tableau, watch the three "Getting Started" Tableau videos. All of Tableau's short training videos can be found here. [The following information applies to the questions displayed below.] Abernathy Company's accounting department has finished preparing the master budget for this year. The chief financial officer (CFO) would like your assistance in creating data visualizations that she can use to better explain the master budget to the company's senior management team. S More specifically, the CFO would like you to prepare some data visualizations that depict trends in sales, net income, cash collections, current assets, and operating cash flows. Download the Excel file, which you will use to create your Tableau…
- The company you are working for has decided to put on a banquet to raise money for a charity and must decide between two catering services to supply the food and servers. You have been assigned to the Banquet Planning Committee. You will submit your work, neatly hand-written or typed and clearly labelled. You will submit graphs separately via the Desmos share tool. You must use algebra to solve the problems and describe how to use Desmos or a graphing calculator to check you work. To best maintain accuracy, round only your final answers. Simplify completely.Research Provided:The Company’s research department has provided the following estimates: A demand of 330 banquet attendees can be expected at a dinner plate price of $70.00 each. A demand of 470 banquet attendees can be expected at a dinner plate price of $40.00 each. Catering Service A has a fixed cost of $1,800 and a marginal cost of $30 for each plate. Catering Service B has a fixed cost of $2,500 and a marginal cost of $22 for…Which 2 of the statements below are correct about using the client details and dashboard screens of QuickBooks Online Accountant and working with client company files? (Select all that apply) Notes will automatically be pinned unless you uncheck the Pin box Clients who don't have a QuickBooks Online Company can't have their details displayed on the Client list screen of QuickBooks Online Accountant You can import QuickBooks Online Trial Balance data into ProConnect Tax Online to prepare tax returns via the client dashboard You can start a new tax return from the client dashboard for non QuickBooks Online clients or clients that are using QuickBooks OnlineMini Case Instructions Answer the following questions in a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed, or both. Mini Case Suppose you decide (as did Steve Jobs and Mark Zuckerberg) to start a company. Your product is a software platform that integrates a wide range of media devices, including laptop computers, desktop computers, digital video recorders, and cell phones. Your initial client base is the student body at your university. Once you have established your company and set up procedures for operating it, you plan to expand to other colleges in the area and eventually to go nationwide. At some point, hopefully sooner rather than later, you plan to go public with an IPO and then to buy a yacht and take off for the South Pacific to indulge in your passion for underwater photography. With these plans in mind, you need to answer for yourself, and potential investors, the following questions: What is an agency…
- Calculate the IRR for the following business scenario by using excel or google sheets. Upload your excel file or provide a link to your Google sheets file. (If you are providing a link to your Google sheets file please make sure it is available for viewing - meaning it is available for users to view at FIT) I started my AirBnB business on 4/1/2018 by investing $30,000 of my savings. I made net revenue in the amounts of $4000 on May 30, 2018, $5000 on June 30, 2018 and $7000 on July 30, 2018 and $8000 on August 30, 2018. I closed my business on September 15, 2018 and sold all the furniture in the apartment for $4000.You are a social media marketer responsible for creating a social media campaign for a pair of Ray Ban sunglasses. The goal of your social campaign is to drive sales for the sunglasses. With every single social post, you include a trackable call-to-action link to your website where users could purchase the sunglasses. You outsourced all of the professional photographs of the sunglasses, creation of the social media graphics and videos to a company for $5,000. You also spent $3,000 on social media ads directed at the target market. Your campaign ran for one month, and during that time you only worked on the campaign, making a salary of $5,000. The social media management tool that your company pays for costs $1,000 a month. By the end of the campaign, you were able to pull a report from your company website of all the sunglasses sold from customers who clicked on the trackable link from social media. The total revenue for sunglasses purchases from the social media campaign was $50,000,…Please model the following decision in a spreadsheet, optimize it using MS-Excel Solver, and then upload that spreadsheet by attaching it to this question. I will grade this question on the accuracy of your () spreadsheet model (decision variables, objective, and constraints), (i) Solver parameters, (i optimal solution. Partial credit is available. The personnel-planning problem of Lexington Bank. The main branch of Lexington Bank is open for retail business from 8:00 AM to 4:00 PM on weekdays. The staffing requires from 8 to 15 tellers on duty depending on the time of day, as indicated in the following table. Time Period Minimum No. of Tellers 8:00 AM - 10:00 AM 10:00 AM - 12:00 PM 12:00 PM - 2:00 PM 10 15 2:00 PM - 4:00 PM 12 Full-time tellers work 8 consecutive hours (from 8:00 AM to 4:00 PM) at $15 per hour. Part-time workers work 4 consecutive hours at $8 per hour starting at 8:00 AM, 10:00 AM, or 12:00 noon. Assume workers never take breaks. Union regulations require that all…
- Mini Case Suppose you decide (as did Steve Jobs and Mark Zuckerberg) to start a company. Your product is a software platform that integrates a wide range of media devices, including laptop computers, desktop computers, digital video recorders, and cell phones. Your initial market is the student body at your university. Once you have established your company and set up procedures for operating it, you plan to expand to other colleges in the area and eventually to go nationwide. At some point, hopefully sooner rather than later, you plan to go public with an IPO and then to buy a yacht and take off for the South Pacific to indulge in your passion for underwater photography. With these issues in mind, you need to answer for yourself, and potential investors, the following questions. What is an agency relationship? When you first begin operations, assuming you are the only employee and only your money is invested in the business, would any agency conflicts exist? If you expanded and hired…Janet has a small business which is a spa and beauty retreat where she also employs a few staff. With her growing operation she has identified the need to implement a computerized accounting information system. In order to have a system that meets her needs exactly and also to save cost, she has asked you to create a simple, customized solution for her business. Her immediate need is for a customer sales information system, so that is what you will now create. Janet’s receptionist maintains a client file that contains each client’s full name, cellphone number, favourite treatment (if known), and special considerations (e.g. allergies). When a client wants to come in for spa or beauty services, they first call Janet’s receptionist for a reservation. The receptionist books a time in her appointment book, noting a unique identifier for the visit, the date and time of the appointment, what service or services the client will receive, the total price, and which staff member will serve the…After completing your first degree in accounting you have been employed by XYZ Company as an account officer. The Management of the company has tasked you to implement a computerized accounting system.RequiredIn a paragraph each, address the following questions:a) Discuss five benefits associated with the implementation of the computerizedaccounting system within the company.b) Giventhattherearesomanyaccountingpackagesonthemarket,whatshouldyoube looking for when selecting a computerized accounting package for the company?Explain any five factors to considerc) Assuming you procure a Sales Ledger package, what kind of reports should weexpect? List five types of reports expected to be generated.d) Explainthedifferencebetweenastand-alonepackageandanintegratedpackage?Explain two advantaged and two disadvantages of an integrated packagee) Before a new accounting package can be deployed, it needs to be configured. What does it mean to configure an accounting package? Explain the processes…