what is the due date for calendar-year corporate income tax returns assuming the date does not fall on a saturday, sunday or holiday?
Answers
The due date for calendar-year corporate income tax returns assuming the date does not fall on a Saturday, Sunday, or holiday is March 15. A corporate tax is a tax levied on the profits earned by firms and organizations.
The government's goal in imposing a corporate tax is to raise revenue to finance public spending on goods and services, as well as to provide other public benefits. The tax is based on a company's net profit, which is the amount of money left over after all of its expenses have been paid.
A calendar year is a one-year period that begins on January 1 and ends on December 31 of the same year. This year is the most popular and frequently used fiscal year for businesses and other organizations in the United States. A due date is the date on which a payment or other obligation must be paid or satisfied. A due date is typically specified in a contract, bill, invoice, or other financial or legal document. Failing to meet the due date may result in penalties, late fees, or other consequences.
Learn more about income tax return calendar year https://brainly.com/question/29334822
#SPJ11
Related Questions
A self-employed taxpayer takes a prospective client to dinner during which the taxpayer successfully closes a business deal resulting in $5,000 of gross income. The cost of the meal is $240, consisting of $200 (both meals) plus a gratuity of $40. Immediately after the meal, the taxpayer and client attend a baseball game, the tickets to which the taxpayer had already purchased for $50 each. How much of the $340 cost may the taxpayer deduct on Form 1040?
Answers
The taxpayer may deduct the cost of the meal, which is $240, as a business expense on Form 1040,The taxpayer may deduct $240 of the $340 cost on Form 1040.
In this scenario, the taxpayer incurred a cost of $240 for the meal, which consists of $200 for both meals and a gratuity of $40. As the meal was directly related to the taxpayer's business activity and was intended to close a business deal, it qualifies as a deductible business expense.
However, the cost of the baseball game tickets cannot be deducted as a business expense. Even though the taxpayer and client attended the game after the meal, the tickets were purchased separately and not directly related to the business activity. Therefore, the $100 spent on the tickets cannot be included as a deductible expense.
To determine the deductible amount on Form 1040, the taxpayer can include the full cost of the meal, which is $240. This expense can be claimed as a business deduction on Schedule C (Profit or Loss from Business) or Schedule C-EZ of Form 1040, depending on the taxpayer's business structure.
In conclusion, the taxpayer may deduct the cost of the meal, which is $240, as a business expense on Form 1040. However, the cost of the baseball game tickets cannot be deducted.
Learn more about Taxpayer from the given link:
https://brainly.com/question/31860339
#SPJ11
What do Investors use the income statements of organizations for?
Investors use income statements of organizations to calculate ____
1. Financial statements
2. Financial journals
3. financial ratios
such as the business's operating margin, and
1. Turnover ratio
2. Profit Margin
3. ROA
Answers
Answer:
financial ratios and profit margins
Explanation:
Present value. A promissory note will pay $25,000 at maturity 5 years from now. How much should you be willing to pay for the note now if money is worth 6.25% compounded continuously?
Answers
We use formula P = A * e^(-rt) to calculate the present value of a promissory note that will pay $25,000 at maturity 5 years from now with a continuous compounding interest rate of 6.25%. It is calculated that you should be willing to pay approximately $19,442.50 for the promissory note now.
A = $25,000.
r = 0.0625 (6.25% expressed as a decimal).
t = 5 years.
P = $25,000 * e^(-0.0625 * 5).
e^(-0.0625 * 5) ≈ 0.7777.
Multiplying by $25,000.
P ≈ $25,000 * 0.7777.
P ≈ $19,442.50.
Therefore, you should be willing to pay approximately $19,442.50 for the promissory note now, considering a continuous compounding interest rate of 6.25%.
Read more about Promissory note.
https://brainly.com/question/33446116
#SPJ11
Bonds payable should be reported as a long-term liability in the balance sheet of the issuing corporation at the:
Multiple Choice
Face amount less accrued interest since the last interest payment date.
Face amount price less any unamortized discount or plus any unamortized premium.
Face amount less any unamortized premium or plus any unamortized discount.
Current bond market price.
Answers
Bonds payable should be reported as a long-term liability in the balance sheet of the issuing corporation at the face amount price less any unamortized discount or plus any unamortized premium. The correct option is B) Face amount price less any unamortized discount or plus any unamortized premium.
When bonds are issued, the issuing corporation may receive a price that is either less or more than the face value of the bonds. If the bonds are issued at a price lower than the face value, it is known as a discount, and if the bonds are issued at a price higher than the face value, it is known as a premium.
The discount or premium is then amortized over the life of the bond, and the unamortized portion is recorded on the balance sheet as a contra liability account. When reporting bonds payable on the balance sheet, the face amount of the bond is used, but any unamortized discount or premium is added or subtracted from the face amount to arrive at the net carrying value of the bond. Therefore, the correct answer is face amount less any unamortized premium or plus any unamortized discount.
To know more about liability click here:
https://brainly.com/question/30805836
#SPJ11
Bonds payable are reported as a long-term liability on the issuing corporation's balance sheet at the face amount price less any unamortized discount or plus any unamortized premium.
Explanation:Bonds payable should be reported as a long-term liability in the balance sheet of the issuing corporation at the face amount price less any unamortized discount or plus any unamortized premium. This is because when a bond is issued at a discount or premium, the value is amortized over the life of the bond till it reaches its face value at maturity. The unamortized portion of the discount or premium is then subtracted from or added to the face value of the bond when reporting liabilities on the balance sheet.
Learn more about Bonds payable here:https://brainly.com/question/34322735
#SPJ6
can some one write message
Answers
Answer:
Message
Please give Brainliest
Why do you want me to write this?
Mr. Johnson received $1,750 on his paycheck for two weeks. He got $275 taken out of his check for taxes and $125 for his health insurance. The amount he had left is defined as his Mr. Johnson received $1,750 on his paycheck for two weeks. He got $275 taken out of his check for taxes and $125 for his health insurance. The amount he had left is defined as his Net income Property tax Income tax Gross income
Answers
Mr. Johnson received $1,750 on his paycheck for two weeks.The amount he had left is defined as Net income.
Option A is correct.
How does net profit compare to net income?Simply put, profit is the revenue that remains after expenses are deducted; Depending on the types of costs that are deducted from revenue, it exists on multiple levels. A single number, net income—also known as net profit—represents a particular kind of profit. The well-known bottom line on a financial statement is net income.
How is net income figured out?The gross salary less any deductions, such as professional tax, pension, income tax, etc., is the net salary. whereas gross includes all benefits like a medical allowance, a transportation allowance, and a house rent allowance, among others
Question incomplete:Mr. Johnson received $1,750 on his paycheck for two weeks. He got $275 taken out of his check for taxes and $125 for his health insurance. The amount he had left is defined as his Mr. Johnson received $1,750 on his paycheck for two weeks. He got $275 taken out of his check for taxes and $125 for his health insurance. The amount he had left is defined as his
A. Net income
B. Property tax
C. Income tax
D. Gross income
Learn more about net income:
brainly.com/question/28390284
#SPJ1
a financial plan is most influenced by
Answers
Answer: priorities and goals
Explanation: because
The financial plan is most influenced by priorities and goals Option(b) is correct.
What does Financial Plan means?Overall utilization, a financial plan is a complete assessment of a singular's ongoing compensation and future financial state by utilizing current known factors to foresee future pay, resource values and withdrawal plans.
In business, a financial plan can allude to the three essential financial assertions monetary record, pay explanation, and income proclamation) made inside a field-tested strategy. Financial estimate or financial plan can likewise allude to a yearly projection of pay and costs for an organization, division, or division.
A financial plan can likewise be an assessment of money needs and a choice on the most proficient method to raise the money, like through getting or giving extra offers in an organization A financial plan might contain forthcoming financial explanations, which are comparative, however unique, than a financial plan. Financial plans are the whole financial bookkeeping outline of an organization. Complete financial plans contain all periods and exchange types.
Therefore Option(b) is correct.
Learn more about Financial plan here:
brainly.com/question/1489472
#SPJ5
How can you determine your net worth?
Answers
Answer:
How much money do you make in 1 year that is your net worth
Explanation:
Define a Small Scale Enterprise as per ‘MSMED Act, 2006’.
Answers
Explanation:
the Government of India has in acted, small and medium enterprises development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is an enterprise where the investment in plant and machinery is more than rate 25 lakh but does not exceed rate.
In
, people invest money in a company in exchange for the company’s
.
Answers
Answer:
In equity crowdfunding, people invest money in a company in exchange for the company’s shares
Explanation:
Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.
Startups and early-stage companies use this method to raise capital.
which of these do economists consider to be the most complete and accurate measure of the aggregate economy?
Answers
Gross Domestic Product (GDP) is the most complete and accurate measure of the aggregate economy. The gross domestic product (GDP) of a nation is a monetary indicator of the products and services.
The standard measurement of the value added produced via the production of goods and services in a nation over a specific time period is the gross domestic product (GDP). Consequently, it also accounts for the revenue generated by such manufacturing, or the total amount spent on finished products and services (less imports). Although GDP is the most significant indicator for measuring economic activity, it is insufficient to evaluate people's material well-being, for which other metrics may be more adequate. This statistic is based on nominal GDP, which may be measured in US dollars and US dollars per person. Nominal GDP is also known as GDP at current prices or GDP in value (current PPPs).
Learn more about Gross Domestic Product here:
brainly.com/question/14768180
#SPJ4
The complete Question is:
Which of these do economists consider to be the most complete and accurate measure of the aggregate economy?
1) Gross domestic product
2) Unemployment
3) Rate of deflation
4) Rate of inflation
________ involves creating a video, e-mail, mobile message, advertisement, or other marketing event that is so infectious that customers will seek it out or pass it along to their friends
Answers
The means that involves creating a video, email, mobile message, advertisement, or another marketing event that is so infectious that customers will seek it out or pass it along to their friends is Viral Marketing.
What do you mean by marketing?Marketing refers to the activities undertaken by a company for promoting the buying or selling of a product.
Viral marketing refers to spreading information about any product or service from person to person by word of mouth or sharing via the internet or email.
Viral marketing will increase a company's reach and customer base.
Therefore, viral marketing is the correct choice.
Learn more about Marketing here:
https://brainly.com/question/13414268
#SPJ1
which statement best describes the relationship between businesses and other parts of the circular flow of goods?
A. businesses make rules about what resources will be available
B. businesses sell the goods produced in households
C. businesses create the goods that product markets sell
D. businesses make it easier for households to access resource markets
Answers
The statement that describes the relationship between businesses and other parts of the circular flow of goods is that it is the businesses that create the goods that product markets sell. Hence, Option C is correct.
What is the flow of goods?Right from the availability of the raw material to the delivery of the goods to the ultimate customer, there is proper supply chain management, it works with the aim of the flow of goods. There are various types of flow, like labor flow, money flow, and many more.
Sometimes it is a complicated web in which there are interconnected networks, which involve a distribution channel also. There is a flow of labor also available, whose work is to produce goods and services.
Therefore, Option C is correct.
Learn more about the flow of goods from here:
https://brainly.com/question/13621345
#SPJ5
Business; an organization that uses resources to produce a product is known as a ?
O Private Company
O Shop
O Firm
O Enterprise
Answers
Answer:
Firm
Explanation:
if the average annual growth rate of a country increases from 2% to 3%, how much faster will its gdp double?
Answers
With an increase in the average annual growth rate from 2% to 3%, the country's GDP will double faster. To determine how much faster, we can use the Rule of 70. Divide 70 by the annual growth rate to find the number of years it takes for the GDP to double:
At 2% annual growth: 70 / 2 = 35 years
At 3% annual growth: 70 / 3 = 23.33 years
So, with the increase to 3% annual growth, the GDP will double approximately 11.67 years faster than at 2% annual growth.
If the average annual growth rate of a country increases from 2% to 3%, how much faster will its GDP double?
If the average annual growth rate of a country increases from 2% to 3%, its GDP will double in 23 years faster. To calculate how many years it takes for GDP to double at a specific rate of growth, use the rule of 70.The rule of 70: Divide 70 by the annual growth rate to determine the approximate number of years it takes for a variable to double. The formula is Years to double = 70 / Annual growth rate For example if the average annual growth rate of a country is 2%, it will take approximately 35 years for its GDP to double (70/2 = 35). If the annual growth rate is increased to 3%, it will take roughly 23 years for GDP to double (70/3 = 23.33). Therefore, if the average annual growth rate of a country increases from 2% to 3%, its GDP will double in 23 years faster.
Learn more about annual here:
https://brainly.com/question/13993790
#SPJ11
Beatrice just got promoted to senior manager at her company. The CEO of the
company stresses the importance of bringing all of the departments together
to meet company goals. Which of these skills should Beatrice brush up on?
A. Human relations skills
B. Conceptual skills
C. Technical skills
D. Accounting skills
Answers
Answer:
B. Conceptual skills
Explanation:
Just took the test
Which of the following is most likely to be deemed an express warranty? Select one: a. Joe Schmoe is selling the family car and tells a potential buyer that the car "runs great". b. John Deere's salesperson tells a potential buyer that a tractor "is the best tractor we've ever made". C. A coat salesman tells a customer, "I've been to Antarctica, and this is the coat that I trust to keep me warm." d. A car salesman tells a prospective buyer that "all of our cars are good for 100,000 miles."
Answers
The statement that is most likely to be deemed as an express warranty is "A car salesman tells a prospective buyer that "all of our cars are good for 100,000 miles."
The term Express Warranty refers to a guarantee that the manufacturer or seller of the product makes to the consumer. Express warranties are written or oral affirmations, descriptions, or samples that the manufacturer provides about the quality of a product.
In contrast to an implied warranty, which is implied by law and inferred from the circumstances surrounding a sale, an express warranty is a promise made by the manufacturer or seller.
Examples of express warranties include statements such as "The paint will not peel for five years," "The product will last for five years," "This vehicle is safe," and so on
Learn more about warranty at:
https://brainly.com/question/14855947
#SPJ11
The pro-globalization argument from the mid-1940s until the early 2000s was based on the idea that free trade and open borders created a benefit for all countries. This argument is based on_________.A. the law of comparative advantageB. parochialismC. the law of competitive advantageD. uncertainty avoidanceE. social responsibility
Answers
The pro-globalization argument from the mid-1940s until the early 2000s was based on the idea that free trade and open borders created a benefit for all countries. This argument is based on: A. the law of comparative advantage.
What is the law of comparative advantage?The law of comparative advantage is a fundamental concept in economics that suggests that countries should specialize in producing goods and services in which they have a lower opportunity cost than other countries, and then trade with each other to maximize their overall economic welfare.
By allowing countries to specialize and trade freely with each other, the law of comparative advantage suggests that all countries can benefit and achieve greater levels of economic growth and prosperity.
Therefore the correct option is A.
Learn more about law of comparative advantage here:https://brainly.com/question/14576788
#SPJ1
during the 1980's, the price of one share of Johnson and Johnson stock rose from $17 1/4 to $56 1/8. how much money would you have made if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989?
Answers
Given:
Price of one share in 1980 = $\(17\dfrac14\)
Price of one share in 1989 = $\(56\dfrac18\).
To find:
How much money would you have made if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989?
Explanation:
Using the given information,
Change in the value of each share = \(56\dfrac18-17\dfrac14\)
= \(\dfrac{448+1}{8}-\dfrac\dfrac{68+1}{4}\)
= \(\dfrac{449}{8}-\dfrac\dfrac{69}{4}\)
= \(\dfrac{449-138}{8}\)
= \(\dfrac{311}{8}\)
Value of one share increased by $\(\dfrac{311}{8}\).
Value of 100 shares increased by = \(100\times \dfrac{311}{8}\)
= \(\dfrac{31100}{8}\)
= \(\dfrac{7775}{2}\)
= \(3887.5\)
Therefore, you would have made $3887.5 if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989.
when an externality is present, the market equilibrium is
Answers
Answer:
Effecient
Explanation:
And the equilibrium maximizes the total benefit to society as a whole
Which aspect of Darron's career matches his lifestyle but is also in conflict with some of his desires? busyness while at work earning money frequent travel strong competition
Answers
Answer:
frequent travel
Explanation:
Since in the question it is mentioned that Darron loves his carrier as it fits with his lifestyle. He knows how to make a money and how to keep busy also he loves travelling plus he wish that he could spend more time with his family members
So here the frequent travel fits in the given situation as he loves travelling so he travel frequently
Therefore the same is considered
Answer:
its travel
Explanation:
the federal reserve through monetary policy can help expand the economy by
Answers
These actions taken by the Federal Reserve help stimulate economic growth and expand the economy through monetary policy.
The Federal Reserve can help expand the economy through monetary policy by:
1. Lowering interest rates: By reducing the federal funds rate, borrowing becomes cheaper for businesses and consumers, which encourages spending and investment, leading to economic expansion.
2. Open market operations: The Federal Reserve buys government bonds from banks, injecting money into the banking system, which increases the supply of credit and stimulates economic growth.
3. Decreasing the reserve requirement: By lowering the amount of cash banks must hold in reserve, more money is available for lending, promoting economic activity.
4. Implementing quantitative easing: The Federal Reserve purchases large quantities of assets like government bonds or mortgage-backed securities, increasing the money supply and encouraging lending and investment.
These actions taken by the Federal Reserve help stimulate economic growth and expand the economy through monetary policy.
Learn more about economic growth
brainly.com/question/29621837
#SPJ11
Shalina uses the expression 3x to determine the cost of x notebooks. What is the cost of 24 notebooks? $8 $27 $62 $72.
Answers
An estimated amount of money or payment required to pay by the purchaser to the owner or manufacturer is called cost. It is a defined amount of price set by the seller for its product.
$ 72 is the cost for the notebooks.
How to determine the cost?Given,
Cost of x notebooks = 3xNumber of notebooks (x) = 24Cost of 24 notebooks = 3 (24)
Cost = 72
Therefore, option d. $72 is the cost of the notebook.
Learn more about cost price here:
https://brainly.com/question/962043
Answer:
the answer is d
Explanation:
have a good day
make a list of pizza delivery process design requirements. associate with each requirement a measure that would ensure that the process meets the requirement.
Answers
1. Fast Delivery Time: Measure - Average delivery time from order to delivery should be less than 30 minutes.
2. Accurate Delivery Address: Measure - Confirm delivery address with customer before leaving the store and verify address using GPS tracking.
3. Hot and Fresh Pizza: Measure - Use thermal bags to keep pizzas hot and fresh during transportation and ensure delivery is made within the shortest possible time frame.
4. Complete Order: Measure - Use checklists to ensure that all ordered items are included in the delivery package and include condiments, utensils, napkins, and menus.
5. Customer Satisfaction: Measure - Conduct post-delivery surveys to gauge customer satisfaction and identify areas for improvement.
6. Safe Delivery: Measure - Train drivers on safe driving practices and ensure that delivery vehicles are regularly maintained and inspected for safety.
7. Accurate Billing: Measure - Use a computerized point of sale (POS) system to ensure that orders are accurately processed and customers are billed correctly.
8. Order Tracking: Measure - Use online tracking systems to allow customers to track the status of their orders in real-time.
9. Courteous Service: Measure - Provide training to delivery personnel to ensure that they are polite, courteous and professional while interacting with customers.
10. Efficient Routing: Measure - Use GPS tracking systems and mapping software to determine the most efficient routes for delivery personnel, thereby reducing delivery time and costs.
To know more about delivery refer here
https://brainly.com/question/30421266#
#SPJ11
Unless demand is perfectly elastic or perfectly inelastic, when a tax is levied on buyers or on sellers, the?
Answers
Unless demand is perfectly elastic or perfectly inelastic, whether a tax is levied on buyers or on sellers, the cost is shared.
The given statement is True, reason: When demand is perfectly inelastic, buyers pay 100% of the tax. relative elasticity of the supply and demand curves.
What is perfectly elastic and inelastic demand ?Perfectly elastic, elastic, perfectly inelastic, inelastic, and unitary are the five major categories into which elasticities can be effectively categorized. If the elasticity is larger than one, it indicates that the demand or supply is very responsive to changes in price. A demand or supply that is inelastic is one whose elasticity is less than one, showing a low responsiveness to changes in price. The proportionate responsiveness of either supply or demand is shown by unitary elasticities.
The two elasticity extremes are referred to as fully elastic and perfectly inelastic. A change in price causes the amount to decrease to zero, which is referred to as being perfectly elastic. When the quantity is completely inelastic, there is no change in it at all when the price changes.
To view more about demand, refer to:
https://brainly.com/question/14450755
#SPJ4
How does free trade benefit businesses? For example, how does it encourage
investment?
Answers
Answer:
Liberating exchange decreases imported-input costs, consequently diminishing businesses creation costs and advancing financial development. Deregulation improves proficiency and advancement. The outcomes are higher wages, interest in such things as foundation, and a more unique economy that keeps on making new openings and openings.
Matt works part-time and is paid $6.75 per hour. Determine Matt's gross pay (hours worked x hourly rate of pay) for last week when he worked 20.25 hours. Round your answer to the hundredths place.
Answers
Answer:
Matt's gross pay (hours worked x hourly rate of pay) for last week when he worked 20.25 hours is equal to $136.69
Explanation:
Per hour amount paid to Matt = $6.75
Total number of hours worked by Matt = 20.25
To find Gross pay, multiply hours worked and hourly rate of pay.
Therefore,
Matt's gross pay (hours worked × hourly rate of pay) for last week when he worked 20.25 hours \(=20.25(6.75)=\$136.6875\) ≈ $136.69
Contact a few information systems professionals and ask them what types of operating systems they use in their organizations. (Alternatively, you may browse through articles in business periodicals for the same information.) Fill in the table with information about the operating systems used in four different organizations. Also, give reasons for each company’s choice of operating systems.
Answers
An operating system (OS) is indeed the mechanism that manages all those other application components in a computer after being installed into the system first by a boot program.
What is an Operating System?An operating system consists of system software that regulates the hardware, software, and resources of a computer.
A group of software applications that coordinate the activities of computer systems is referred to as an "operating system." It serves as a link at the point where humans and machines interact.
Essential features for controlling devices linked to a computer are provided by operating systems. These processes include managing storage devices, processing inlet, and outlet requests, and allocating memory. A keyboard, mouse, printer, or whatever other connected device could be this one.
Learn more about the Operating System here:
https://brainly.com/question/6689423
#SPJ1
30 POINTS :D
If someone you don't know asks where you go to school, what should you do?
A. Don't respond
B. See if they're a friend of a friend
C. Ask why they want to know
D. Lie to them
Answers
It is important to receive feedback from customers and employees on a prototype's efficacy. What is
efficacy?
A. How well something decreases raw materials cost
B. How well something increases profits for shareholders
C. How well something accomplishes the goal it was set out to accomplish
*any trolls will get reported*
Answers
Efficacy means the ability to produce the desired output.
It is definitely important to get feedback from employees and customers.
The raw material cost should be reduced subject to not reducing the quality of the raw material. If the raw material quality is affected then it would affect the sales.
To maximize the shareholder profit the sales should be increased and the cost should be reduced. And strategies should be taken to increase sales.
Achieving the goals and objectives would in turn increase the shareholder's return.
To achieve the goals and objectives strategic planning should be undertaken by the company.