Which of the following forms is not required to be sent with California income tax returns? A. Form 1099-NEC - Nonemployee Compensation B. Form 540 2EZ - California Resident Income Tax Return C. Schedule CA - California Adjustments - Residents D. Schedule G-1 - Tax on Lump-Sum Distributions

________ differences between book income and taxable income result in an effective tax rate that differs from the statutory tax rate. Group of answer choices Short-term Permanent Temporary Long-term

Which of the following are reductions  from the federal tax owed dollar -for - dollar.    Select one: a. California estimated tax and California withholding from paycheck b. Federal withholding and the earned income credit c.Federal estimated tax and deductions FROM AGI d. California State Withholding from salary and Federal withholding

Question 5: Which of the following employee taxes is matched by the employer? Answer: А. State unemployment tax Federal income tax C. Medicare tax D. Federal unemployment tax B.

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Explain one difference between the W2 and 1099 tax forms.Describe one consequence of filling out the wrong tax form.Describe the difference between “federal income taxes withheld” and “income tax liability”.

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Theme: Adjusted Gross Income as determined by the IRS of USA. Examine the case below and do the following:1.Indicates the income items that are part of the gross income.2.Indicates the salary exclusions.3.Identify the deductions to which the taxpayer is entitled to calculate the adjusted gross income.4.Calculate adjusted gross income.5.Indicates the status that the taxpayer must file.6.Fill out Form 1040.Case 2 Carlos Martínez was born on January 9, 1967, is a teacher and is married. He had a salary of $50,000 and a tax withheld of $5,000. Carlos pays an individual retirement account (IRA) for himself of $7,000. His wife, Carmen Flores, was born on April 22, 1971, she works from home selling clothes, from which she had an income of $12,000. The couple have no children and have a joint bank account from which she earned $2,500 in interest from the bank.

Which of the following statements are NOT correct? i. A registered taxpayer can claim input tax credit for items used for its exempt activities.  ii. A registered taxpayer can claim input tax credit for items used for zero-rated  activities.   iii. The VAT rate Exempt supplies  is 0%. iv. Zero-rated goods or services are taxable for VAT at 0%. Question 21Answer a. None of the above b. i, ii and iv c. i only d. i, and iii

1.Explain the intake process to completing a tax return. using the form 13614-c, w2's, form 1099-R, Form SSA-1099, form 1099-c, Form W-2G, Form 1098-T Just explain for to process this thing all together.