why might preparing taxes be different for people living in different states?

Answers

Answer 1

Based on state analysis on tax preparation, preparing taxes might be different for people living in different states for many reasons, including different rules and regulations guiding different states.

Other reasons preparing taxes might be different for people living in different states are the following:

The amount of tax imposed on individuals is different from state to state.

Different states have particular laws that guide the tax compositions, collection, and penalties on failure to pay tax when due.

Hence, in this case, it is concluded that the correct answer is difference in laws and regulations concerning tax.

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Answer 2

Answer:

everyone must file state taxes but depending on where you live , you may not need to file federal taxes

Explanation:

beacuse have different law


Related Questions

a group of individuals who have a general interest in the environment have sufficient standing to file a class-action lawsuit against a company polluting a waterway.

Answers

A group of individuals who have a general interest in the environment do not have sufficient standing to file a class-action lawsuit. Therefore, it's false.

It should be noted that taking care of the environment is everyone's priority. It's important to keep the environment clean and safe. This is vital in order to avoid diseases.

Also, a group of individuals who have a general interest in the environment do not have sufficient standing to file a class-action lawsuit against a company polluting a waterway. This is appropriate. Therefore, the statement is false.

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The deadweight loss from a tax per unit of good will be smallest in a market with a. inelastic supply and elastic demand. b. inelastic supply and inelastic demand. c. elastic supply and elastic demand. d. elastic supply and inelastic demand.

Answers

The deadweight loss from a tax per unit of good will be smallest in a market with inelastic supply and inelastic demand.

The Deadweight loss refers to loss that occurs when supply and demand are not in equilibrium and thus, result in market inefficiency.

Usually, the value of the deadweight loss varies with the demand elasticity and supply elasticity.

So, when the demand or supply is inelastic, the deadweight loss of the taxation will be smaller because the quantity bought or sold varies less with price.

Therefore, the answer is B. because the deadweight loss from a tax per unit of good will be smallest in a market with inelastic supply and inelastic demand.

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T. Hillcrest Co. sold $500 of merchandise on a bank credit card with a 5% fee. The entry to record this sales transaction would include debit(s) to:

Answers

Answer:

Cash for $475 and Credit Card Expense for $25

Explanation:

Cash for $475 and Credit Card Expense for $25

Why is account management important in the vegetable farming ? give reason . ​

Answers

Answer:

Money

Explanation:

The expected result of farming would be to make money, account management would help the most in making money. With account management, you can see how well your farm is producing money which in turn can tell you if you are growing quality crops or a crop that your clients want the most.

Answer:

It is important to appreciate the fact that modern business management principles can assist the farmer or farm manager, no matter how small his farm may be and however meager his capital. This is because of the two major tasks facing today’s farm managers.

Explanation:

Importance of agriculture in the Food supply Agriculture is the world’s leading source of food items. All the food substances that are essential viz. Agriculture produces vegetables, proteins, and oils. The carbohydrates provide all living beings with energy.

4. The journal entry to record costs related to extraordinary repairs would include a __________ to __________.

Answers

Answer:

First blank - Debit

Second blank - Accumulated Depreciation

Hope this Helps!

If the product price is $100, average variable cost $40 per unit, and the total fixed costs are $120,000, what is the breakeven point

Answers

The breakeven point is 2000.

Breakeven point are the number of  units sold at which net income is zero. It is a function of fixed cost, price and average variable cost.

Breakeven point = fixed cost / (price - average variable cost )

Fixed cost is cost that does not change regardless the level of output.

Average variable cost is total variable cost divided by output.

Price is the going price of an item.

Breakeven point = $120,000 / ($100 - $40)

$120,000 / $60 = 2000

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Match the terms with their correct definitions.

Answers

yaaaaaaaaaaaaaaahhhhhh

2. A company has the following liabilities as of December 31: Accounts payable $150,000 Notes payable (current portion) 217,000 Salaries and wages payable 55,000 Installment notes payable 1,140,000 Interest payable 32,000 Payroll taxes payable 15,500 What is the amount of total current liabilities reported on the balance sheet

Answers

The amount of total current liabilities reported on the balance sheet equals $469,500.

Current liabilities entails set of amount or responsibility owed within an accounting period.

Particulars                                       Amount

Accounts payable                          $150,000

Notes payable (current portion)    $217,000

Salaries and wage payable           $55,000

Interest payable                             $32,000

Payroll taxes payable                     $15,500  

Total current liabilities                  $469,500

Therefore, the amount of total current liabilities reported on the balance sheet equals $469,500.

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A job title can affect the salary of an office support worker.

True

False

Answers

Its true that a job title can afttect the salary of a support worker

Anusha brings a $20 bill to the store. She purchases 4 pairs of socks for $2. 25 each and a new belt for $7. 50. How much change will Anusha receive when she pays for her clothes? $3. 50 $7. 50 $9. 00 $16. 50.

Answers

Answer:

£3.50

Explanation:

4 times 2 = 8

0.25 times 4 = 1

20 - 8 - 1 - 7.50 = 3.50

A firm estimates its average total cost at 90 units of output to be $15. If the firm can sell all of its output at a market price of $5, what is its total profit

Answers

Answer:

435

Explanation:

5(90)=450-15=435

what factors determine the elasticity of resource demand?

Answers

Answer:

the rate of decline of mp

Which global facility type manufactures products at low cost but with skilled workers and significant managerial resources

Answers

A global facility type which takes advantage of low cost raw materials and skilled labor for production purpose is called an offshore factory.

Offshore factories are located outside a manufactures home country in a bid to take advantage of low cost raw material and skilled and good managerial resources.

After production is done, the finished product are then imported back into the manufacturer's home country.

Hence, the missing phrase is offshore factory.

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why does it have to have a limit

Answers

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what is the maximum number of characters allowed in the account number field?

Answers

Answer:

The following is a list of the maximum number of characters (letters, numbers and so on) that you can enter in the fields specified: Account Name: 31 Account Numbers: 7 Amount: 99,999,999.99 (Maximum number allowed)

Explanation:

While fallon worldwide was working with arby’s executives on its campaign, it was decided that the ________ for the campaign should be to increase demand for arby’s other menu items since arby’s consumers primarily associated the restaurant with roast beef and lacked an awareness of arby’s other protein offerings.

Answers

The target audience is simply known to bee the consumer to which goods are intended for. While Fallon worldwide was working with Arby’s executives on its campaign, it was decided that the advertising objective for the campaign should be to increase demand.

Advertising is known to consist of some primary objectives such as to inform, to persuade, and to remind.

The goal is simply to make consumers to take action and switch brands, try a new product, or remain loyal to a current brand.

Advertising is kknown as a printed, written, oral and illustrated art of selling. that is aimed to encourage sales of the advertiser's products.

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The main reason for considering nonconstant growth in dividends is to allow for _____ growth rates over _____.

Answers

Based on the economic and financial analysis, the main reason for considering nonconstant growth in dividends is to allow for "Supernormal" growth rates over "some finite length of time."

This is because, in nonconstant growth, the growth rate cannot surpass the mandatory return indefinitely.

However, there is the probability that it could do so for some number of years.

Also, it should be noted that in this situation, the value of the stock equates to the present value of all the future dividends.

Hence, in this case, it is concluded that the correct answer is supernormal and some finite length of time.

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Look for factors that will help you determine what type of economy exists in Country A. Based on the clues in this passage, what type of economy does Country A have? developed developing transitioning command.

Answers

Answer:

B. developing

Explanation:

just did it

Answer:

b

Explanation:

bc

The descriptions give the responses of four individuals to a Bureau of Labor Statistics (BLS) survey of employment. 1. Mollie just graduated from college and is now looking for work. She has had three job interviews in the past month. 2. George works in an automotive assembly plant. He was laid off six months ago as the economy weakened. He expects to return to work in several months when national economic conditions improve. 3. Jeanette worked as an aircraft design engineer for a company that produces military aircraft until she lost her job last year when the federal government cut defense spending. She has been looking for similar work for a year, but no company seems interested in her aircraft design skills. 4. Ricardo lost his job last year when his company downsized and laid off middle-level managers. He tried to find another job for a year but was unsuccessful and quit looking for work. Refer to the above information. Which individual is structurally unemployed

Answers

Based on the information described above, the structurally unemployed individual is "Jeanette."

This is because structural unemployment is a form of unemployment whereby an individual is experiencing a non-correlation between his skills and the skills required of workers by employing industries.

In Jeanette's case, she has the skills of aircraft design engineering. However, no company is interested in her aircraft design skills. This shows structural unemployment.

Some of the causes of structural unemployment include the following:

Foreign competition in labor;Outsourcing of production aboard;Robots replacing humans;Labor immobility;Reduction in manufacturing industries, etc.

Hence, in this case, it is concluded that Jeanette is the structurally unemployed one.

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personal finance question,, think its a or b??? i second guess myself alot lol

Answers

Answer:   C

Explanation:

Answer:

It is either B or C. But, C is most reasonable.

In your job application, you must sound professional so they actually think about hiring you, or by sounding professional, it gives you a higher chance of getting the job.Why I think it's B is because it's quite helpful having a paper and online copy. But it's not essential. Having either or is enough.

I hope this helped at all.

cash transactions involving the purchase and sale of long-term assets and current investments are classified on the statement of cash flows as activities.

Answers

When such transactions involving long-term assets and current investments are put into the statement of cashflows, they are classified as Investing activities.

Investing Activities:

Include the purchase or selling of fixed assets Also include transactions involving investments in other companies in terms of shares and bonds

Long-term assets are fixed assets and current investments refer to those in other companies so these are considered investing activities.

In conclusion, these are investing activities.

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What do you mean by the vocations based on capital ? Explain with examples​

Answers

Answer:

Capital asset -investment activity is vocation or business being an adventure or concern in nature of commerce. Income/ loss from such activity will fall under different heads of income.

Explanation:

this is the correct answer

Four companies have each issued $6 million in bonds. Which company will have the lowest balance in a contra account, without having a zero balance, assuming this is the first bond issuance for all four companies

Answers

The company with the lowest balance in a contra account (Bonds Discounts) is A Company 2, which sold their bonds at 94.

Data and Calculations:

                                             Co. 1              Co. 2            Co. 3        Co. 4

Face value of bonds   $6,000,000  $6,000,000 $6,000,000  $6,000,000

Selling rate                            99              94               101                105

Proceeds from bonds $5,940,000  $5,640,000  $6,060,000  $6,300,000

Premium / (Discounts)  ($60,000)   ($360,000)      $60,000     $300,000

Company 1's balance in the contra account (Bonds Discounts) is $60,000, Company 3's is $60,000 (Bonds Premium), while Company 4's balance is $300,000 (Bonds Premium).

Thus, the company with the lowest balance in a contra account is A.

Options:

A. Company 2, which sold their bonds at 94  

B. Company 4, which sold their bonds at 105  

C. Company 1, which sold their bonds at 99  

D. Company 3, which sold their bonds at 101

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How is increasing government spending on more roads and airports a good idea/ bad idea

Answers

Answer:

Bad

Explanation:

The increased government spending may create a multiplier effect. If the government spending causes the unemployed to gain jobs then they will have more income to spend leading to a further increase in aggregate demand.

how did craft unions and industrial unions differ?

Answers

Answer:

How did craft unions & industrial unions differ? A craft union is made up of skilled workers who work in a specific trade. ... In industrial union there are all different workers regardless of their trade or skill. This could be found in a steel factory.

the three major factors associated with corporate social responsibility are

Answers

Based on the socio-economic analysis, the three primary factors associated with corporate social responsibility include "society."

The other two significant factors associated with corporate social responsibility include the following:

EthicsEnvironment.

Corporate social responsibility is a term used to describe the practices and policies of business firms or companies to operate in a way that benefits their environment at large, instead of degrading or affecting the environment.

Corporate Social Responsibility involves economic and philanthropic responsibilities, all of which form the social-environmental and ethical responsibilities.

Hence, in this case, it is concluded that the correct answer is society, ethics, and the environment.

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Alex just got a new car. Because Alex obtained full-coverage car insurance, Alex will have an incentive to ______ because of ______.

Answers

Since Alex obtained full-coverage car insurance, he will have to drive more cautiously than if he didn't have insurance because of moral hazard.

Moral hazard simply means a risk that an individual has not entered into a contract in good faith or the person provided inadequate information about his assets.

In this case, since Alex just got a new car and obtained full-coverage car insurance, Alex will have an incentive, he'll have to drive more cautiously than if he didn't have insurance due to moral hazard.

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the term ________ is described as a formal means of analyzing long-range investment alternatives.

Answers

The answer is capital budgeting

As chief financial officer, you want to send the fourth quarter profit/loss spreadsheets to the president of the company. How can you send the report without worrying about someone else accessing it

Answers

The chief financial officer can send the Financial report without worrying that someone else will access it by encrypting the report, with accessible key only known by the chief financial officer and President.

Usually, there are situation when a third party (like the President assistant) can assess his mails through delegation , therefore, the chief financial officer needs to ensures the financial report are not accessible by him

Therefore, the chief financial officer can send the Financial report without worrying that someone else will access it by encrypting the report, with accessible key only known by the chief financial officer and President.

In conclusion, encryption of the financial report is the best way to ensure others does not have access to it.

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determining that the amount of cash agrees with the accounting records

Answers

Answer:

Receipt-A business form giving written acknowledgment for cash received. Memorandum-A form on which a brief message is written describing a transaction. Proving Cash-Determining that the amount of cash agrees with the accounting records.

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