BUSINESS MIDDLE SCHOOL

When auditing, the IRS typically selects which type of return?•those with low incomes
•Those with high incomes
•those who have the most deductions
•everyone pays the same

Answers

Answer 1
Answer:

Answer:

When auditing, the IRS typically selects those with high incomes.

Explanation:

The Internal Revenue Service (IRS) is a United States government entity charged with the sole duty of collecting taxes and regulation of laws with regard to income tax. The IRS was constituted by the then President Abraham Lincoln in 1862 and gets it's authority under the United States department of Treasury.

The IRS collects taxes from either individuals or companies provided they earn an income withing the United States of America. Individuals and corporations can file income taxes electronically by use of an internet enabled computer or even a smart phone.

IRS audits are usually done to confirm whether the tax returns filed are accurate. The audits can be done for a variety of reasons, but it is mainly done if the tax income filed are not coherent with the nature of the individual or company. The IRS audits are not done on every entity that files their income taxes, but only on a select portion of these entities. Those who have high incomes are usually selected for auditing.

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Is it legal to advertise by posting flyers on trees or on neighbors' doorsteps?

Answers

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Answers

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Provide a couple of examples of economic regulations that a government might put into place and why

Answers

Answer:

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Using complements (with respect to 1) of the single discounts, find the net cost equivalent for the discount 25/10.

Answers

Answer:

The net cost equivalent for the discount 25/10 is 0.675.

Explanation:

  • Net cost equivalent is the total amount in percentage that should be paid by customer after deducting the discount amount from the list price.
  • TDS is the short form fro tax deducted source. The process for calculation of TDS is:
  1. Here the discount is given as: 25/10 so,
  2. Calculate (1-0.25) is equals to 0.75.
  3. And (1-0.10) is equals to 0.90.
  4. Using the formula as TDS : (1-0.25) × (1-0.10)
  5. We get TDS as 0.675.

Final answer:

The net cost equivalent of a 25/10, or 2.5%, discount is 97.5%, which indicates the price after the discount is 97.5% of the original cost.

Explanation:

To find the net cost equivalent for a discount, we need to subtract the discount percentage from 100% and divide by the remaining percentage. In this case, the complement of the discount 25/10 is (100 - 25)/10 = 75/10. To find the net cost equivalent, we divide 100 by the complement: 100/(75/10) = 40/3 or 13.33.

The discount expressed as 25/10 can be written in terms of percent, translating to a 2.5% discount.
Now, to find the net cost equivalent, we use the concept of complements. The complement of a discount (with respect to 1) is simply 1 minus the discount rate.
Therefore, in this case, the net cost equivalent would be 1 - 0.025 = 0.975 or 97.5%. This means, after applying the discount, the price would be 97.5% of its original cost.

Learn more about Calculating Net Cost Equivalent here:

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BRAINLIEST For each of the transactions in items 1 through 5, indicate the effects on the accounting equation elements.2. The company receives cash from a bank loan. - The liability account would do the following:

Question 2 options:

Increase


Decrease


No effect

Answers

Answer:

When the company gets cash from a bank loan,

Cash Debits

Bank Loan Account Credits

what happens is that the Assets increase and the Liabilities also increase.

Explanation:

Answer:

The correct is A. Increase!

I'm positive =)

Prompt
What is the process of earning your income sometimes called?

Answers

Answer:

work

Explanation:
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