Ann, an accountant, prepares a tax return for a client, Beta Sales Company. Carl, who is not an accountant, prepares a tax return for Dina's business, Delta Services. Can an accountant who prepares a tax return for a client be

26,346 results

  1. business law

    Ann, an accountant, prepares a tax return for a client, Beta Sales Company. Carl, who is not an accountant, prepares a tax return for Dina's business, Delta Services. Can an accountant who prepares a tax return for a client be liable for any false statements in the return? Can...
  2. Accounting

    If Tom, an accountant, agrees to provide accounting services to Carl, a friend, in exchange for Carl fixing Tom's office floor, then: (Points : 1) Tom must report income on his tax return. Carl must report income on his tax return. Neither Tom nor Carl must report income on ...
  3. Business

    What type of accountant would collect information on a firm's transaction and use the information to prepare financial statements that companies use in decision making? a. Public accountant b. Management accountant c. Not-for-profit accountant d. Government accountant
  4. Business 101

    Carmen Santiago works for a number of businesses as a “consultant.” She has helped design accounting systems, provided accounting services, and analyzed the financial strength of her clients’ businesses. Carmen is working as a A.public accountant B.certified management ...
  5. law help plz

    what would be the argument Susan Smith (the company accountant) has been approached by XYZ Ltd, a major client of Wellbuilt Pty Ltd, with a business proposal that appeared too attractive to refuse. Susan incorporated her own company to enter this contract. Her company made a ...
  6. Math

    VF is a small accounting firm supporting wealthy individuals in their preparation of annual income tax statement. Every December, VF sends out a short survey to their customers, asking for the information required for preparing the tax statements. Based on 24 years of ...
  7. Accounting

    If both my trial balance and balance sheet are balanced, my business should breakeven with no gain or loss. But my accountant told me my business has lost $500,000. Could my accountant be right?
  8. math

    An accountant earns $3,450 per month after receiving a 5% raise. What was the accountant's monthly income before the raise? Round your answer to the nearest cent
  9. intermediate algebra

    An accountant earns $3,480 per month after receiving a 5% raise. What was the accountant's monthly income before the raise? (Round your answer to the nearest cent.)
  10. accounting

    how do you write a program for an accountant using java to calculate income tax?
  11. Math

    I. Memorandum D. Explain the tax effect based on providing $180,000 per year for the client’s salary and $70,000 per year for his daughter’s salary if they withdraw cash from the business or pay dividends as appropriate. E. Justify the percentage of ownership the client’...
  12. Finance

    I. Memorandum D. Explain the tax effect based on providing $180,000 per year for the client’s salary and $70,000 per year for his daughter’s salary if they withdraw cash from the business or pay dividends as appropriate. E. Justify the percentage of ownership the client’...
  13. Statistics

    I am struggling with how to answer this. It seems not enough information is given so it is really hard to agree or to disagree. (this is uni statistics) Assume you are the Store Manager for Coles in Wagga at the beginning of December 2012. An accountant in head offce has ...
  14. statistic

    Which "average" would be best to use in the following situation? The accountant for a small company is asked to determine the average salary of its employees. The company is owned by two brothers who each make over $300,000 per year. The accountant makes $80,000 per year. The ...
  15. accounting

    CORPORATE TAX ¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T Memo: Whomever Date: A few minutes ago ¡­ From: Maire, Advanced Federal Taxation P.C. Re: 2007 Tax Return for New Client I received a call late last night from a prospective new client: Sunset ...
  16. managerial economic

    . A doctor spent two weeks doing charity medical work in Mexico. In calculating her taxable income for the year, her accountant deducted as business expenses her round-trip airline ticket, meals, and a hotel bill for the two weeks stay. she was surprised to learn that the ...
  17. Math

    An accountant earns $3180 per month after receiving a 8.5% raise. What was the accountant's monthly income before the raise? Round your answer to the nearest cent. What i thought you did was 3180*8.5%=270.3 3180-270.30=2909.70, but it says its not correct. Any ideas on how to ...
  18. Accounting

    ══════════════════════ Memo: Whomever Date: A few minutes ago … From: Marie, Advanced Federal Taxation P.C. Re: 2007 Tax Return for New Client ...
  19. ACCOUNTING- 2

    HELP HERE IS WHOLE PROBLEM.IT NEEDS TO BE JOURNALIZED PROPERLY. mAY 15-fILED THE FEDERAL INCOME TAX RETURN FOR 2009. THE TOTAL TAX FOR THE YEAR WAS 124,000. DURING 2009, QUARTERLY DEPOSITS OF ESTIMATED TAX TOTALING 122,700 ;HAD BEN MADE. THE ADDITIONAL TAX OF 1,300 WAS PAID ...
  20. math

    Averageville is considering levying a flat tax on its citizens. To get an idea of the amount of revenue this tax would raise, the city council instructed the city staff to make a census of households to determine the “average” household income. The city accountant claims ...
  21. Statistics: Regression

    The June 1997 issue of Management Accounting gave the following rule for predicting your current salary if you are a managerial accountant. Take $31,865. Next, add $20,811 if you are top management, add $3604 if you are senior management, or subtract $11,419 if you are entry ...
  22. economics

    2. Your state has a retail sales tax of 10 percent but it exempts food, prescription drugs, and all services including housing services, repair services, and consumption of electricity and other public utility services. Use supply-and-demand analysis to explain how the prices ...
  23. accounting

    Ayres Services acquired an asset for $80 million in 2011. The asset is depreciated for financial reporting purposes over four years on a straight-line basis (no residual value). For tax purposes the asset's cost is depreciated by MACRS. The enacted tax rate is 40%. Amounts for...
  24. Math (PLEASE CHECK ANSWERS)

    __________ tax is a tax calculated on the subtotal of your bill. Sales *** Credit Income To find just the tax amount of a given subtotal, you would ___________________. multiply by the sum of one and the sales tax rate multiply by the sales tax rate *** add the sales tax rate...
  25. business

    what are the duties or functions of an accountant
  26. Sequential and Selection Processing Control Struct

    You are an accountant setting up a payroll system for a small firm. Each line of the table in Appendix G indicates an employee’s salary range and corresponding base tax amount and tax percentage. Given a salary amount, the tax is calculated by adding the base tax for that ...
  27. College Accounting

    Recording federal income tax transactions and cash dividend transactions. Selected transactions of Divad Corporation during 2013 follow. Record them in the general journal. Analyze: What annual per share dividend was paid to common stockholders in 2013? Mar. 15 Filed the ...
  28. Public Finance

    Your state has a retail sales tax of 10 percent but it exempts food, prescription drugs, and all services including housing services, repair services, and consumption of electricity and other public utility services. Use supply-and-demand analysis to explain how the prices of ...
  29. Tax

    Hamad is an employee of Mountain Company. He properly completed his Form 1040EZ tax return and was required to pay the IRS $1,244 at the time of filing. He had income tax withholding during the year of $4,782. His tax liability for the year was: A. $1,244. B. $3,538. C. $4,782...
  30. Tax

    Hamad is an employee of Mountain Company. He properly completed his Form 1040EZ tax return and was required to pay the IRS $1,244 at the time of filing. He had income tax withholding during the year of $4,782. His tax liability for the year was: A. $1,244. B. $3,538. C. $4,782...
  31. math

    Your company recently made a purchase of 25 identical tables. The purchase price after adding 5% sales tax was $1,706.25. You later realize that you only needed 20 tables. If you decide to return five tables, what would be the refund amount before tax?
  32. Taxtation

    Another client, Ms. Dunham, has asked you to help her understand how her tax is computed. You need to provide Ms. Dunham with the following: An example of how to calculate the tax liability using the tax rate table and the tax rate formula for a taxpayer with taxable income of...
  33. finance

    The Nutrex Corporation wants to calculate its weighted average cost of capital. Its target capital structure weights are 40 percent long-term debt and 60 percent common equity. The before tax cost of debt is estimated to be 10 percent and the company is in the 40 percent tax ...
  34. Finance

    If an instrument has a 10.7% Nominal Return, the inflation rate is 3.1%, and your tax rate is 28%, what’s your approximate “Real After-Tax Return?” a. 4.6% b. 7.6% c. 5.8% d. none of the above
  35. income tax

    Hamad is an employee of Mountain Company. He properly completed his Form 1040EZ tax return and was required to pay the IRS $1,244 at the time of filing. He had income tax withholding during the year of $4,782. His tax liability for the year was: A. $1,244. B. $3,538. C. $4,782...
  36. Business Finance

    The new credit manager of Kay's Department store plans to liberalize the firm's credit policy. The firm currently generates credit sales of $575,000 annually. The more lenient credit policy is expected to produce credit sales of $750,000. The bad debt losses on additional ...
  37. accounting

    Your client is a nongovernmental not-for-profit museum that operates a gift shop. Explain the unrelated business income tax to your client and suggest ways to avoid this tax.
  38. Economics

    Which of the following is usually the most regressive tax? A. Inheritance tax B. Income tax C. Property tax D. General sales tax E. Luxury tax
  39. math lit,business studies,accounting and computer

    Can I be an accountant when doing these subjects?
  40. government(taxes)

    I am looking for a list of California state taxes. So far this all I have: 1) Sales Tax 2) Trash tax 3) Electricity tax 4) State income tax 5) Gasoline tax 6) Property tax 7) Federal telephone excise tax 8) Excise tax 9) social security tax 10) environmental tax 11) gift tax ...
  41. Business/Finance

    When considering how profitably your company is operating, you examine: a) inventory turnover. b) sales and the return on your investment. c) depreciation and liquidity. d) tangible and intangible assets. e) the price of the Canadian dollar. I think the answer should be b = ...
  42. accounting

    what affect can the incorrect intentional or unintentional posting, journalizing and reporting of financial data have on a company, an accountant or a company's stakeholders?
  43. Accounting

    What affect can the incorrect (intentional or unintentional) posting, journalizing, and reporting of financial data have on a company, an accountant, or a company's stakeholders?
  44. Maths lit.Economics.Business.Accounting.English.Afrikaans.

    Can I be an accountant with these subjects
  45. Maths Lit .Economics .Business.Accounting.English.Afrikaans

    Can I be a Accountant studying these subjects
  46. programming

    Design a program and write program that will read a file of sales records and produce a sales report. Each record in the file contains a customer's number and name, a sales amount and a tax code. The tax code is to be applied to the sales amount to determine the sales tax due ...
  47. programming

    a sales report. Each record in the file contains a customer's number and name, a sales amount and a tax code. The tax code is to be applied to the sales amount to determine the sales tax due for that sale, as follows: Tax code Sales tax 0 Tax exempt 1 3% 2 5% The report is to ...
  48. Programming c++

    a sales report. Each record in the file contains a customer's number and name, a sales amount and a tax code. The tax code is to be applied to the sales amount to determine the sales tax due for that sale, as follows: Tax code Sales tax 0 Tax exempt 1 3% 2 5% The report is to ...
  49. accounting

    THIS IS THE SECOND PHASE OF THE TAX RETURN PROBLEM YOU BEGAN AT THE END OF CHAPTER 4. THIS PHASE OF THE TAX RETURN INCORPORATES THE MATERIAL FROM CHAPTERS 5,6,7, AND 8 BY PROVIDING YOU WITH INFORMATION CONCERNING THE SCHNAPPAUFS' DEDUCTIONS FOR 2010. THEY PROVIDE YOU WITH THE ...
  50. finance

    If our company's bank loan has a 12 interest rate, what is our effective, after-tax interest cost? Assume the tax rate = 38% If our preferred stock is paying a contractual $1.85 annual dividend and has current market price of $13.50, what is our cost of preferred stock? A ...
  51. Finance

    If our company's bank loan has a 12 interest rate, what is our effective, after-tax interest cost? Assume the tax rate = 38% If our preferred stock is paying a contractual $1.85 annual dividend and has current market price of $13.50, what is our cost of preferred stock? A ...
  52. Understanding Business

    Is it necessary for a Finance Manager to understand Accounting if the firm has a professional accountant (CPA) on staff? Why or why not?
  53. business

    Is it necessary for a finance Manager (CFO) to understand Accounting if the firm has a professional accountant (CPA)on staff? Why or Why not?
  54. Accounting

    o Describe two business sectors you might want to work in if you were an accountant and explain why in 150 to 200 words.
  55. Maths literacy, accounting, economics and business studies

    Are ther any possibilities of studying an Accountant career with this subjects?
  56. Fundamentals of Taxation

    Hamad is an employee of Mountain Company. He properly completed his Form 1040EZ tax return and was requird to pay the IRS $1,244 at the time of filing. He had income tax withholding during the year of $4,782. His tax liability for the year was a $1,244 b $3,538 c $4,782 d $6,026
  57. accounting

    Brianna Moore is an accountant for New World Pharmaceuticals. Her duties include tracking research and development spending in the new product development division. Over the course of the past six months, Brianna noticed that a great deal of funds have been spent on a ...
  58. tax

    Which of the following expenses is deductible, but subject to the 2% limitation on Form 1040, Schedule A; Job Expenses and Most Other Miscellaneous Itemized Deductions? A. A blue suit for an accountant B. Appraisal fees on the sale of a personal residence C. Uniforms for a UPS...
  59. accounting

    In 2007, Paul who is single has a comfortable salary from his job as well as income from his investment portfolio. However, he is habitually late in filing his federal income tax return. He did not file his 2007 income tax return until November 30, 2008 (due date was April 15...
  60. Fiance

    Sara earned $2,500 as a life guard over the summer. This was her only job and income taxes were deducted from her paychecks by her employer. For filing a tax return, what should Sara do? a.Sara should not file a tax return. Sara is legally not required to file because her ...
  61. Finance - Required Return from a Beta

    Hi, I need to learn how to explain and solve the following Finance problem. I don't understand this at all!!!, please show all solutions... Calculate the required return on an asset that has a beta of 1.25, when the expected return on the market portfolio is 10% and the ...
  62. Sales tax

    tom paid 695.5 for a tv when 7% sales tax was included in that price what was the price of the tv before the tax and how much sales tax did tom pay? You can set it up this way: 1.07x = 695.5 x = _______ That will tell you the price of the TV. The difference between 695.5 and ...
  63. Finance

    You are provided the following information on a company. The total market value is $40 million. The capital structure, shown here, is considered to be optimal. Accounting Value Market Value Bonds, $1000 par, 6% coupon, 6% YTM $10,000,000 $10,000,000 Preferred Stock, 7%, $100 ...
  64. Fundamentals of Taxation

    Tom and Betsy who are married filing jointly, reported a standard deduction of $11,400 on their 2010 tax return. They paid $500 to the state for income tax in 2010. In 2011, they received a $125 refund of state taxes paid in 2010. What is the amount that Tom and Betsy need to ...
  65. Math

    For a class C corporation in Louisiana, the amount of state income tax S is deductible on the federal return and the amount of federal income tax F is deductible on the state return. With $200,000 taxable income and a 30% federal tax rate, the federal tax is 0.30(200,000 - S...
  66. income tax

    Which of the following expenses is deductible, but subject to the 2% limitation on Form 1040, schedule a;job expenses and most other miscellaneous itemized deductions? a. a blue suit for an accountant b. appraisal fees on the sale of a personal residence c. uniforms for a UPS ...
  67. Computer Science

    Design a program that will ask the user to enter the amount of a purchase. The program should the compute the state and county sales tax. Assume the state sales tax is 4 percent and the county sales tax is 2 percent. The program should display the amount of the purchase, the ...
  68. math (sales tax)

    Jill bought supplies at a hardware store that cost $41.75. If she paid sales tax of $1.67, what was the sales tax rate?: * 5.5% 5.0% 4.5% 4.0% Please explain, thanks.
  69. Math

    please check my answer thanks :) The sales tax is 7% The purchase including sales tax is $676.24 what was tha total amount of sales tax ? I got $47.34
  70. Math

    Midtown Antiques collects 2% sales tax on all sales. If total sales including tax are $1161.87 find the portion that is the tax amount.
  71. business

    A music producing firm holds the copyright over several songs which have just been recorded by a popular singer. Based on market research conducted by a consulting agency, the producer expects to sell 50,000 CDs for $20 each. The accountant of the firm is unsure whether the ...
  72. Economics

    Suppose that your state raises its sales tax from 5 percent to 6 percent. The state revenue commissioner forecasts a 20 percent increase in sales tax revenue. Is this plausible? Explain. I would think not, because wouldn't the increase in sales tax shut out some people who do ...
  73. Economics

    Suppose that your state raises its sales tax from 5 percent to 6 percent. The state revenue commissioner forecasts a 20 percent increase in sales tax revenue. Is this plausible? Explain. I would think not, because wouldn't the increase in sales tax shut out some people who do ...
  74. Revised paragraph of 8-12 sentences

    I have to write these paragraphs for a writing assignment and just wasn't sure is I was doing it right. Need some advice!! ASSIGNMENT: You’ve applied for a specific job in your field of study. The Human Resources Department arranges an interview and tells you to bring with ...
  75. Math

    Midtown Antiques collects 4% sales tax on all sales. If total sales including tax are $1058.30, find the portion that is the tax. Round your answer to the nearest cent. A)$40.70 B)$42.33 C)$1017.60 D)$30.70 E) none of the above
  76. math

    A group of friends went to lunch. The bill, before sales tax and tip, was $37.50 . A sales tax of 8% was added. The group then tipped 18% on the amount after the sales tax was added. What was the amount, in dollars, of the sales tax? What was the total amount the group paid, ...
  77. finance

    The Nutrex Corporation wants to calculate its weighted average cost of capital. Its target capital structure weights are 40 percent long-term debt and 60 percent common equity. The before-tax cost of debt is estimated to be 10 percent and the company is in the 40 percent tax ...
  78. Corporate Finance

    Suppose a company will issue new 5 year debt with a face value of $1000 and a coupon rate of 8 percent, paid annually.If the issuing price is $1080 and the tax rate is 40 percent.what is the after-tax cost of debt?If the expected rate of return of the company’s common stock ...
  79. 10 grade math..

    Jay can deduct the amount over 7% of his gross income as medical expenses on his income tax return. If his annual salary is $18,500 and his medical expenses one year were $1,450, how much could he deduct on his tax return?
  80. Math

    Jay can deduct the amount over 7% of his gross income as medical expenses on his income tax return. If his annual salary is $18500 and his medical expenses one year were $1450 how much could he deduct on his tax return?
  81. Math

    Zed can deduct the amount over 7% of his gross income as medical expenses on his income tax return. Is his annual salary is $16700 and his medical expenses one year were $1250 how much could he deduct on his tax return?
  82. Finance

    Aunt Sally's Food Inc. is considering expansion. Sally has paid $100,000 for a marketing study to assist in the potential valuation. The study indicates that the new product will have sales of $1,500,000 per year each year for the next 6 years. However, existing product line ...
  83. Finance

    Consider the following two securities X and Y X y Return- 20.0% Return- 10.0% Standard Deviation- 20.0% Standard Dev 30% Beta- 1.50 Beta- 1.0 Risk-free asset Return- 5.0% Using the data from the table, what is the portfolio expected return and the portfolio beta if you invest ...
  84. math PLEASE HELP

    Sales tax is a tax calculated on ______________. the subtotal your income the total To find the total amount you are going to pay, you would _______________. multiply by the sum of one and the sales tax rate multiply by the sales tax rate 2.
  85. College Finance

    Aunt Sally's Food Inc. is considering expansion. Sally has paid $100,000 for a marketing study to assist in the potential valuation. The study indicates that the new product will have sales of $1,500,000 per year each year for the next 6 years. However, existing product line ...
  86. Accounting-business

    Can you please help me on what is their stake in the ethics case of The Dilemma of an Accountant. The stakeholder that were identified were the Big Eight accounting firm and Baker Greenleaf
  87. Tax

    Fay, a sole proprietor is engaged in a cash basis, service business. In the current year, she incorporates the business to form Robin Corporation. She transfers assets with a basis of $400,000 (fair market value of $1.2 million), a bank loan of $360,000 (which Robin assumes) ...
  88. math (statistics)

    The following table shows the percentage of individuals in each age group who use an online tax program to prepare their federal income tax return. AGE ONLINE TAX PROGRAM (%) 18-34 16 35-44 12 45-54 10 55-64 8 65+ 2 Suppose a follow-up study consisting of personal interviews ...
  89. math (ugh)

    Jermaine had dinner at his favorite restaurant. It the sales tax rate is 4% & the sales tax on the meal was $1.25, what was the total cost of the meal, including sales tax and a 15% tip
  90. english

    Can you check my grammar? should I remove the apostrophies in the following sentences? " The apostrophies in Gloria's name" Q1.Gloria has paid more than half of the cost of keeping up on her home, and her qualifying dependent. Q2.Gloria benefits by having lower tax rates, and ...
  91. Maths

    Six friends sat around a circular table. Ann (who is the the banker) sat opposite the consultant. Bob sat opposite Fred. Celia sat on the doctors right. Dave (who is not the consultant) sat opposite the accountant. Emily sat opposite the engineer and next to the financier. ...
  92. Capital Budgeting

    A company has revenues of 100 per unit sold. Current sales are 7500 units. Labor rates are 15 per hour. It takes 1.2 hours of labor to make each buggy. Material costs are 13.50 per unit. Figures are expected to remain the same permanently if the company continues to ...
  93. computer science

    Write a program that will ask the user to enter the amount of a purchase. The program should then compute the state and county sales tax. Assume the state sales tax is 4 percent and the county sales tax is 2 percent. The program should display the amount of the purchase, the ...
  94. Human Resources

    3. Design a Pilot Test. Following are descriptions of three situations in which a test has been developed. Read each situation and then design a pilot test. Answer the following questions about the pilot test: a. Who will take the test? b. What information will you gather, and...
  95. MATH

    If the sales tax on an item is 7%, the sales tax on an item costing d dollars can be found by the expression .07d. Determine the sales tax on a compact disk that cost $15.99.
  96. Account Tax

    Frankland Company is an accrual method company, On December 30, 2003, it received a prepayment of $36,000 from a tenant, who is leasing a warehouse from Frankland. The payment represents the rental for the period January 2004 through December 2006. How much inocme does ...
  97. Java Programming

    I'm a beginner to Java and I need to know how to do the following: Write a program that will ask the user to enter the amount of a purchase. The program should then compute the state and county sales tax. Assume the state sales tax is 4 percent and the county sales tax is 2 ...
  98. programming

    Write a program that will ask the user to enter the amount of a purchase. The program should then compute the state and county sales tax. Assume the state sales tax is 4 percent and the county sales tax is 2 percent. The program should display the amount of the purchase, the ...
  99. Math

    A caterer prepares four times as many pizzas as she usually prepares for a large party. The caterer usually prepares 5 pizzas. The caterer also estimates that each party guest will eat 1/4 of a pizza. Can someone tell me the problenm that this would be?
  100. math

    how do I compute sales tax? $1,367.85. sales tax rate is 5.75%. also, how do I add in city tax?
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