Use what you have learned about filing income taxes to complete these sentences.
Citizens file income taxes to ensure that they will receive a Vif they paid too much in taxes throughout the
year.
Employers supply a v to help citizens file their tax returns,
Taxes returns can by filed either by mail or

Answers

Answer 1

Answer:

1) Refund

2) W-2

3) Online

Explanation:

Citizens file income taxes to ensure that they will receive a Refund if they paid too much in taxes throughout the year.

Employers supply a W-2 to help citizens file their tax returns.

Taxes returns can by filed either by mail or Online.

Answer 2

I've completed the following sentences by using what I've learned about filing taxes:

1) People file income taxes so they can get a refund if they paid too much in taxes for the entire year.

2) Companies give employees a W-2 form to aid in the filing of their tax returns.

3) Tax returns can be sent in the mail or submitted online.

What are income taxes?

Income taxes are taxes that individuals and businesses are required to pay on their income, which is the money they earn from various sources, such as salaries, wages, investments, and business profits. The purpose of income taxes is to fund government programs and services, such as education, infrastructure, and social welfare programs.

In most countries, income taxes are collected by the government through a system of tax returns, where individuals and businesses report their income and calculate the amount of tax they owe based on a set of tax rates and deductions. The tax rates and deductions vary depending on the country and the income level of the taxpayer.

Some countries have a progressive tax system, where the tax rate increases as the income level increases. This means that higher-income individuals and businesses pay a larger share of their income in taxes. Other countries have a flat tax system, where everyone pays the same tax rate regardless of their income level.

Income taxes can be a significant expense for individuals and businesses, and tax laws can be complex and subject to change. It is important to stay informed and seek the advice of a tax professional to ensure compliance with tax laws and minimize tax liability.

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Related Questions

Some countries use market-based systems to help control access to fisheries. One such program is the

Answers

Answer:

individual transfer rights system.

Explanation:

Some countries use market-based systems to help control access to fisheries. One such program is the individual transfer rights system.

An individual transfer rights (ITR) system can be defined as a system in which the government of a particular country gives each fishing vessel or owner a specific percentage of the total fish allowable to be caught each year.

Which of these is a primary and secondary source of market research, respectively?

Answers

Answer:

The answer is focus group interviews and trade associations.

Explanation:

Primary rotates around interviews and trade associations revolve encompassing receiving something back. the primary reference of research is data assembled through original or first-hand examination while the secondary reference is the data information collect by someone in history.

Failure to pay on mortgage is called _____.

ANSWER: D. default

A. closing
B. foreclosure
C. amortization
D. default

Answers

Answer:

(D) Default

Explanation:

When you fail to pay your mortgage it will be defaulted. Only then will the owner put the property in foreclosure. Typically foreclosure isn't put in effect until after about three months of missed payments.

Answer:default

Explanation:

Which of the following are examples of demonstrating professional behavior in the workplace? Check all of the boxes that apply.

being punctual

attending work regularly

dressing however you want

completing assignments on time

following company rules

having a positive attitude

sharing gossip with others

Answers

Answer:

1, 2, 4, 5, 6

Explanation:

Answer:

Trust the person above me!!!!!!

Explanation:

Which statement describes the effect of taxes on a traditional 401(k) retirement account?
A.
A traditional 401(k) is tax exempt because the income earned isn't taxed until the money is withdrawn.
B.
A traditional 401(k) is a taxable account because the income earned is taxed when it is contributed.
C.
A traditional 401(k) is tax deferred because the income earned isn't taxed until the money is withdrawn.
D.
A traditional 401(k) is tax exempt because the income earned is never taxed.

Answers

Answer:

C.

A traditional 401(k) is tax deferred because the income earned isn't taxed until the money is withdrawn.

Explanation:

There are two types of 401 k plans: traditional 401k and Roth 401k plans. The difference is the way there are taxed.

The traditional 401k plan is an employer-sponsored retirement scheme.  The employer withholds the employee contributions and remits the funds to the employee's 401k savings account. The amount deducted as the employee contribution is not subject to taxation at that point. Contributions to 401k plans reduce the employee's taxable income.

The amounts saved in a 401k plan are invested and generate income. Employees are not expected to pay taxes on the income generated every financial period. All taxes are deferred until the time of withdrawal.

Answer:

C. A traditional 401(k) is tax deferred because the income earned isn’t taxed until the money is withdrawn.

Explanation:

PLATO

How can you use these questions to help you better develop your own leadership skills? Explain

Answers

by setting long term goals!??

Answer:

I can use these questions to help me better develop my own leadership skills by setting long-term goals. I think goals could really help in the future and if we complete them, that is even better. By setting long-term goals, you can prepare and plan for the future.

Explanation:

Hope this helps.

Does the fact that an Investment Adviser is registered in a state mean that the Investment Adviser is qualified?

Answers

Answer:

No, registration does not mean that the Investment Adviser is qualified to provide investment advice to clients.

Explanation:

Investment adviser are licensed professionals who are saddled with the responsibility of providing financial guidance or expert advice around investments, tax planning etc for customers in a financial institution.

A representative of a Federal Covered adviser is only required to register with the state in which he or she is operating.

However, for the investment adviser, they're expected or required by law to register with the Securities and Exchange Commission (SEC) since they're having no office in the state.

Hence, No, registration does not mean that the Investment Adviser is qualified to provide investment advice to clients according to the Uniform Securities Act.

The Uniform Securities Act ( USA ) is a model statute or legal framework designed to guide each state of the United States of America in drafting and balancing both state and federal regulatory securities law. It is used in the United States of America to prosecute all fraud relating to buying and selling of securities.

A code of ethics adopted by a company will most likely include all of the following EXCEPT

Answers

What are the options to choose from?

why storage forms a key aspect in fruit farming ?​

Answers

Answer:

The goal of storage is to keep them in a dormant state. Once harvested some fruits do not ripen, while others will continue to ripen after harvest because they naturally produce a gas called ethylene.

What types of loans are available to consumers?

Answers

Explanation:

Credit Cards: That used fund daily transactions by customers.

Car Loans: That used fund the purchasing of a car by customers.

Private loans: Used mostly by borrowers for school funding.

Personal Loans: Being used personal usage by customers.

A high value for which of the following signals that an operations manager is excelling? A. utilization B. net present value C. effective capacity D. efficiency

Answers

Answer:

D. efficiency

Explanation:

An operations manager is the professional responsible for managing, controlling and coordinating an organization's production.

So a sign of high value that attests that the operations manager is standing out is efficiency, which is the manager's ability to perform his competencies using resources correctly, at the lowest price and time, in the highest quality, avoiding waste, monitoring and controlling work and always seeking to manage organizational production in order to correct errors, encourage successes and promote continuous improvement in processes.

Keeping an open mind is necessary to show ______.
a.
willingness to learn
b.
self management
c.
loyalty
d.
Willingness to get things done

Answers

Answer: a. willingness to learn

Explanation:

Answer:

a

Explanation:

Why is strength an internal force

Answers

Answer:

Because it comes from within the person.

Explanation:

In business, we learn about the concept of internal force and external force as two factors that could influence the outcome of a certain event.

External forces are the type of influences that come from our environment. Generally, it's not something that we can control. We have to make proper adaptation to address the external forces to prevent it from ruining our goals.

Example of External Goals : Natural disaster, Future laws made by the government, etc.

Internal forces on the other hand are the type of influences that come from within ourselves as a person. It is something that we can control and constantly thrive to improve in order to make it easier for us to achieve our goals.

Example of internal goals: Strength, Emotional stability, Motivation, etc.

The protection of children’s education rights from excessive work time was guaranteed by the...
a.
The Rehabilitation Act
b.
The Fair Labor Standards Act
c.
The Age Discrimination Act
d.
The Equal Pay Act

Answers

Answer:

B

Explanation:

The protection of children's education rights from excessive work time was guaranteed by the The Fair Labor Standards Act (FLSA). The FLSA is the Federal law which sets minimum wage, overtime, recordkeeping, and youth employment standards.

Answer:

ITS B:))))

Explanation:

Michael Bronner made a killing in the direct marketing business as the cofounder and CEO of Bronner Slosberg Humphrey, a wildly successful direct-marketing firm. His newest venture, Upromise Inc., enlists some of America's largest corporations to help families pay for college and is extremely successful. The 40-year-old Bronner will more than likely start at least one more new company before he retires because Bonner is a(n):

Answers

Answer: Multipreneur

Explanation:

Multipreneur are entrepreneurs with more than one business or businesses they are handling within the same period of time. Micheal Bronner is more likely to start another company same as the others he has started and ran successfully based on he is a Multipreneur.

Assume wages and resource prices are flexible and the economy reached long-run equilibrium. What would be the long-run equilibrium output if there was an increase in government spending

Answers

Answer: If there is an increase in spending, it would affect the economy, because there is supposed to be an equality in the revenue generated and the cost

Explanation:

The long-run equilibrium can be described when a perfectly competitive market occurs having marginal revenue equating marginal costs, which is also equal to average total costs.

If there is an increase in spending, it would affect the economy, because there is supposed to be an equality in the revenue generated and the cost but in situations where cost exceeds economy, there would be an effect

please help!!
Select the correct answer.
Divya works at a private elementary school. She caters to students who do not speak English as their first language. Her main responsibility is to read the original English text, and then rewrite the same in the language that the students understand. Which career role in education and training does Patricia perform?
А. Interpreter
B. translator
C. school counselor
D. coach​

Answers

Answer:

answer is :B

Explanation:

A translator is someone who takes a word or a paragraph or a sentence and makes it where people can understand what it says

Which of the following represents major standards for ethical behavior?

Answers

Answer:

A. integrity, honesty, respect, fairness

Explanation:

Ap-ex

In a progressive tax system, who pays a greater proportion of their income in taxes?

A. people with low incomes
B. people with high incomes
C. people who have the most deductions
D. Everyone pays the same.

Answers

Answer:

B. people with high incomes

Explanation:

A progressive tax system imposes high tax rates to high-income earners. In a progressive tax system, the applicable tax rates are based on income level. The higher the income, the higher the tax rate.

Low-income earners will be taxed at a lower rate, hence only a small proposition will be used for taxes. High-income earners will be taxed using a higher tax rate, meaning a bigger proposition of their income will be spent on taxes.

2. The economic system that is found in a Communistic political system is
1 point
a: *
a. Command Economy
b. Free Enterprise
c. Mixed Economy
d. Fascism

Answers

Answer:

a. Command Economy

Explanation:

In a communist political system, the emphasis is on the general well being of society at large. Public needs and wants are prioritized over individuals' needs. In a communist political system, factors of production are owned by the public through the government.

A command economy is an example of the communist political system.  In a command economy, the government makes all the economic decisions. It produces goods and services with public interests as the motive for engaging in economic activities. In command economies, serving the public is prioritized over profits.

Kimberly is responsible, worthy of trust, and consistent in her performance at work. Her employers know that they can count on her. Kimberly demonstrates _____.

initiative
dependability
time management
conflict resolution

Answers

Answer:

dependability

Explanation:

When others can rely on you, it shows you are dependable. Dependability is a state where others trust a particular person will deliver.  It is convincing others to have full confidence in you and your abilities.

Through previous actions, Kimberly has demonstrated that her employers can rely on her entirely. She has convinced her employers without any doubts that they can depend on her.

At what point does a market-driven enterprise run into problems?

Answers

Answer:

Amelia rented a DVD and it was due to be returned on 26 November. She actually returned it to the shop on 12 December. The rental shop applies a fine of 9p for every day the DVD is overdue.

Work out the total fine paid by Amelia. Give your answer in £

Explain why most experts believe that official U.S. data underestimate the actual rate of unemployment. What factors could make the official rate overstate the actual unemployment rate

Answers

Answer:

people simply quit looking for jobs.

Explanation:

In order to be considered unemployed, you must be out of work for at least four weeks and be actively seeking a new job. But if after 6 months, or 1 or even 2 years, you cannot get a new job, then you might simply quit looking for one. Since you quit looking for a job, you are not considered unemployed.

What information does a supply schedule provide?

Answers

Answer:

See below

Explanation:

A supply schedule shows the quantities that suppliers are willing to sell in the market at different prices. It is a table format with quantity on one column and prices on another. As per the law of supply, high prices lead suppliers to supply more at the market.

The supply schedule illustrates in a table format the relations between the price and the quantity supplied. It will show how the quantity increase as prices increases. The supply schedule is a tabular representation of the supply curve.

According to the American Management Association (AMA) and Human Resource Institute (HRI), what is the number one cause of unethical business conduct

Answers

Answer:

Pressure of meeting a deadline

Explanation:

According to the American Management Association (AMA) and Human Resource Institute (HRI) survey which included feedback from about 1,121 managers & HR experts from around the world, they discovered that there were a couple of factors that were responsible for unethical business conduct but the main/primary cause they discovered was the pressure of meeting tight deadlines.

A company's balance sheet shows: cash $40,000, accounts receivable $25,000, office equipment $59,000, and accounts payable $26,000. What is the amount of stockholders' equity

Answers

Answer:

the amount of stockholders' equity is $98,000

Explanation:

It is important to remember that the Balance Sheet uses the Accounting equation :

Accounting Equation states that :

                                      Assets = Equity + Liabilities

This can be also stated as :

                                         Equity = Assets - Liabilities

Where,

Assets = $40,000 + $25,000 + $59,000 = $124,000

Liabilities = $26,000

Therefore,

Equity = $124,000 - $26,000

           = $98,000

Conclusion :

Using the Accounting Equation we have solved the amount of stockholders' equity as $98,000

A type of service that requires a CPA firm to issue a report about the reliability of an assertion that is made by another party is a(n) Group of answer choices

Answers

Answer:

no

Explanation:

creo

Help ASAP!!!! most possible answer

Answers

a hope this helps!!!!

Answer:

The administration prosses a public and and AVAILIBLE TO ANYONE to review.

Explanation:

That is the most open administration because its available to anyone-(the public).

Sales tax is deducted from your gross wage.


True

False

Answers

Answer:

False

Explanation:

Sales Tax is applied when you purchase something.

Sales tax is deducted from your gross wage is the false statement, as sales and gross wages are two different things.

What is Sales tax?

The government levies a consumption tax known as a sales tax on the purchase of goods and services. At the point of sale, a standard sales tax is imposed, collected by the shop, and paid to the government.

Thus, the statement is not true.

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Refer to the data. Assuming the bank loans out all of its remaining excess reserves as a checkable deposit, and has a check cleared against it for that amount, its reserves and checkable deposits will now be:

Answers

Answer: $22,000 and $105,000 respectively.

Explanation:

When the bank loans out all of its remaining excess reserves as a checkable deposit, and has a check cleared against it for that amount, its reserves and checkable deposits will now be respectively $22,000 & $105,000.

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