QUESTION 20 You need to retain physical proof of your income and expenses in case the IRS questions the accuracy of your tax return. True False

Q: An insurance policy purchased directly online is not required to include Premium amount3 Coverage…

A: Answer - Given in the question- An insurance policy purchased directly online is not required to…

Q: Credit histories allow firms to ( A) identify high-risk borrowers, so they can be eliminated and…

A: Credit history is report on repayment of debts and demonstrated responsibility in repaying them. It…

Q: Journalize Period Payroll The payroll register of Patel Engineering Co. indicates $1,080 of social…

A: Step 1:The journal entry to record payroll for the period is provided hereunder:Account Titles and…

Q: What are the U.S. Corporate Income Tax Rates?

A: Corporate Tax (CT) is the tax that is imposed on a business organization on the profits earned.

Q: Why should you talk to your banker before beginning to look for a home? to get a building inspector…

A: Although looking for a home can be exciting and enjoyable, serious homebuyers should begin their…

Q: A situation where there is not enough money to cover expenses Answer chocies Budget surplus or…

A: Public savings, conventionally budget surplus, is termed as (T - G - TR), which is government…

Q: Your new client, Kerri, age 35, came into your office today. She provided you with the following…

A: Kerri's housing costs (rent + mortgage) are 28% of her income, which is above the recommended 25%.…

Q: money is a concept has a certain value at a point in time. true or false

A: Money is the concept that money you have in present is worth more than the identical sum in the…

Q: The South Korean Government in the 1970s decided to follow a strategy of increased investment in…

A: Scarcity refers to the limited availability of resources, that are used to produce goods and…

Q: PAYMENT HISTORY,CAPACITY,LENGTH OF CREDIT,NEW CREDIT and MIX OF CREDIT  how do the above factors…

A: Payment History, Capacity, Length Of Credit, New Credit and Mix of Credit are some of the most…

Q: Which of the following is a common consequence that a person should expect to experience after…

A: A legal procedure called bankruptcy gives people or corporations an opportunity to get rid of or…

Q: A driver pays the car insurance company a fixed amount every month for coverage whether or not there…

A: Fixed Cost: The fixed cost is the cost that does not change over time or with the level of…

Q: 1. A transportation company bought a new truck. The cash price of the truck is $66,000. The company…

A: The minimum monthly payment is the lowest amount a customer can pay on a revolving credit account to…

Q: When someone owes you money in Canada, what steps are you allowed to take in order to collect the…

A: It can be defined as the financial liability that one individual or any entity owes to another…

Q: Under a dwelling property form DP-2 . Which of the following terms is used to describe on which…

A: A DP2 coverage covers your property for its replacement cost, or the full amount needed to replace…

Q: What is the difference between legality and intention?

A: The legality and intention are all the terms to make a contract legal. The contract will only become…

Q: The return a lender receives for allowing borrowers the use of their savings for one year,…

A: Disinflation is the decrease in inflation rate over years.  Real interest rate is the rate of…

Q: Repayment of loan with interest is a capital expenditure True/False

A: # The upgradation for maintenance of physical assets is counted as capital expenditure.

Q: How do you calculate personal income before or after taxes?

A: Understanding how to determine the pre-tax income is critical when computing income tax returns or…

Q: What is estate tax. Don't use any ai pls.

A: An estate tax, additionally known as an inheritance tax, is a tax on the property transfer from a…

Q: Equity investments are loan it the issuers of the equities. True or false

A: Financial markets refer to the place where the trading of securities occurs, including the stock…

Q: The insured has failed to respond to recommendations to correct the elimination of existing hazards…

A: Economic agents have constant consumption demand which is fulfilled through the production of goods.…

Q: ICD-10 was implemented in October 2015. Summarize how the industry handled it.

A: The first international classification list called as international list of causes of death was…

Q: Does IRS have my direct deposit info?

A: IRS stands for Internal Revenue Service which represents the federal government's revenue services,…

Q: Discretionary and Essential Expenses

A: Expenses of the firms are the major and most important part of a business firm or a company. The…

Q: Your workforce in the sales department consist of 30 workers. 10 are baby boomers born between 1945…

A: The workforce is the work pool in employment. It is frequently used to depict those working for a…

Q: Countrywide Financial and Bear Stearns got into trouble because of their daily need for short term…

A: Countrywide Financial and Bear Stearns, like many other financial institutions in the mid-2000s,…

Q: What are Corporate Taxes?

A: Taxes are the compulsory payments made by the individuals or firms to the central government. They…

Q: Zippy works for Zips Company and received the following amounts. For each item, indicate how much is…

A: Taxes are usually set to a certain percentage and are categorised into various slabs. For example,…

Q: Financial statements, what are they? what are they used for? Why are they important? What are the…

A: For business , individual , lender , government financial statements are very useful to know the…

Q: Sara has health insurance with a $2,000 annual deductible, a $3,000 stop loss provision and 80/20…

A: Insurance refers to a type of financial product intended to shield people and businesses from the…

Q: It is the amount of money paid for the use of borrowed capital. Future Worth Interest Principal…

A: Capital is often defined as the cash or any kind of asset which can be used to make expenditures.…

Q: What are the deductible expenses?

A: Expenses are the operating costs incurred by a company to generate revenue. Common expenditures…

Q: Offer, acceptance, and consideration are necessary elements of   A.a warranty   B.a…

A:

Q: Eric Yang earns $603.16 weekly, is married, and claims 3 withholding allowances. Use the Percentage…

A: Net earning is the amount remaining after subtracting all taxes and expenses.

Q: Individual Income Tax- Sales Tax- Property Tax- Corporate Income Tax-

A: Taxes are described as a government-imposed tax on individuals in the economy in exchange for no…

Q: What are the different ways in which personal property can be obtained?

A: Personal property is a type of property that consists of any property except real estate. It's also…

Q: National Service Reserve Corporation

A: Welfare services Welfare refers to government-sponsored assistance programs for low-income…