Objectivity may be impaired when a CPA prepares a tax return for a client because:
A. The CPA must prepare the tax return solely based on the information provided by the client
B. The CPA violates the integrity rule
C. The CPA violates the independence rule
D. The CPA serves in a tax advocacy position for the client
Answer: D
You might also like to view...
Salima became a Certified Public Accountant in 2002. After working as a staff auditor and accountant for other companies, she was hired as an auditor by Moore Corp. in 2003. When she was hired, there were four male auditors in her area who had been with the company for several years and were classified as senior auditors. In 2004, Salima complained that she was receiving the same salary as a new male senior auditor, Rashid, even though she was doing the same work. When Rashid was brought in, Moore Corp. was in the process of divestiture and its policy was to fill positions with lateral transfers from other areas because of a promotion and hiring freeze. In 2005, Salima filed a complaint with the Equal Employment Opportunity Commission (EEOC) claiming that she was not being paid equally
for equal work. Did Moore Corp. violate the Equal Pay Act by paying Salima less than the male accountants? What will be an ideal response?
An employee receives an hourly rate of $15, with time and a half for all hours worked in excess of 40 during the week. Payroll data for the current week are as follows: hours worked, 48; federal income tax withheld, $120; cumulative earnings for the year prior to this week, $24,500; Social security tax rate, 6% on maximum of $100,000; and Medicare tax rate, 1.5% on all earnings; state
unemployment compensation tax, 3.4% on the first $7,000; federal unemployment compensation tax, .8% on the first $7,000. What is the employer's payroll tax expense? A) $152.76 B) $91.26 C) $58.50 D) $178.50
A disadvantage of newspaper advertising is that it has _____
a. low geographic selectivity and flexibility b. limited color capabilities c. low individual market coverage d. high lead time
Your social class level does NOT depend directly on your
A. housing location. B. education. C. occupation. D. income level. E. type of housing.