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2 years ago

You can probably use the 1040EZ form, as long as what is true?

Business

2 answers:

Ksivusya [100]2 years ago

8 0

Answer:

D. You have no dependents.

Explanation:

I did the assignment.

AleksAgata [21]2 years ago

3 0

As long as you have no dependents

1040EZ is the simplified tax paying form made by IRS. In order to use it you juts have to select your tax filling status and enter some details for your tax counting.

But if you have a dependent ( like a spouse who claimed that you should pay for your child's education fund) , you can not use 1040EZ

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The overarching purpose of credit risk analysis is to: Group of answer choices Quantify potential credit losses Determine a comp

Orlov [11]

Answer:

Identify credit opportunities

Explanation:

The main goal of credit risk analysis is to identify the potential risks of lending out to a particular customer, whether it is a person or a firm.

In other words, is to identify whether a person or firm is credit worthy. From this concept of credit worhiness, we can affirm that the purpose of credit risk analysis is essentially to identify credit opportunities, since from the fact of finding out that a potential customer is credit worthy, a credit opportunity is created. (the loan is made to the credit worthy customer).

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If a brand manager for honda creates an offbeat and funny video featuring its latest model, the best social networking site to p

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3 years ago

Pargo Company is preparing its master budget for 2020. Relevant data pertaining to its sales, production, and direct materials b

Dafna1 [17]

Answer:

Pargo Company

1. Sales Budget

Quarterly sales 1st 2nd 3rd 4th 2021

Sales 22% 27% 25% 26%

Sales in quantity 418,000 513,000 475,000 494,000 459,800

Sales price $40 $40 $40 $45 $45

Sales value ('000) $16,720 $20,520 $19,000 $22,2300 $20,691

2. Production Budget

Quarterly production 1st 2nd 3rd 4th 2021

Sales in quantity 418,000 513,000 475,000 494,000 459,800

Ending inventory 128,250 118,750 123,500 114,950

Beginning inventory 0 128,250 118,750 123,500

Total Production 546,250 503,500 479,750 485,450

3. Direct Materials Budget

Quarterly production 1st 2nd 3rd 4th

Total Production (units) 546,250 503,500 479,750 485,450

Materials per unit (pounds)1,092,500 1,007,000 959,500 970,900

Ending Inventory 100,700 95,950 97,090 49,500

Beginning Inventory 109,250 100,700 95,950 97,090

Purchases 1,083,950 1,002,250 960,640 923,310

Cost of purchases $11,923,450 $11,024,750 $10,567,040$10,156,410

Explanation:

a) Data and Calculations:

Expected sales = 1,900,000

Quarterly sales 1st 2nd 3rd 4th 2021

Sales 22% 27% 25% 26%

Sales in quantity 418,000 513,000 475,000 494,000 459,800

Sales price $40 $40 $40 $45 $45

Sales value ('000) $16,720 $20,520 $19,000 $22,2300 $20,691

Ending inventory 128,250 118,750 123,500 114,950 units

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2 years ago

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Furkat [3]

The answer is students on Plato.

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2 years ago

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E11-25 Book vs. Tax (MACRS) Depreciation) futabatei enterprises purchased a delivery truck on january 1, 2014, at a cost of $27,

IgorLugansk [536]

A. The preparation of the Income Statements for Futabatei Enterprises for years 2014 and 2015 is as follows:

<h3>Income Statement </h3>

For years ended December 31 2014 and 2015

2014 2015

Revenues $200,000 $200,000

Operating expenses 130,000 130,000

Depreciation 3,000 3,000

Income before tax $127,000 $127,000

B. <u>Taxable Income for 2014 and 2015</u>:

2014 2015

Income before tax $127,000 $127,000

Depreciation 3,000 3,000

MACRS depreciation (5,400) (8,640)

Taxable income $124,600 $121,360

C. The total depreciation to be taken over the useful life of the delivery truck is as follows:

Book Tax

Total depreciation $21,000 $27,000

D. The depreciation for book and tax purposes are usually different over the useful life of an asset because of the different depreciation rates and methods. Companies usually favor one of the depreciation methods for accounting purposes, but they are taxed by a different depreciation method, especially the MACRS method.

<h3>Data and Calculations:</h3>

Cost of delivery truck = $27,000

Estimated useful life = 7 years

<h3>Straight-line Depreciation Method:</h3>

Estimated salvage value =$6,000

Depreciable amount = $21,000 ($27,000 - $6,000)

Annual Depreciation = $3,000 ($21,000/7)

<h3>MACRS Tax Rate Table:</h3>

First year = $5,400 ($27,000 x 20%)

Second year = $8,640 ($27,000 x 32%)

Third year = $5,184 ($27,000 x 19.20%)

Fourth year = $3,110 ($27,000 x 11.52%)

Fifth year = $3,110 ($27,000 x 11.52%)

Six year = $1,556 ($27,000 x 5.76%)

Learn more about depreciation differences for financial accounting and tax purposes at brainly.com/question/15874429

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1 year ago