Who must file a federal income tax return?
A) Everyone with an earned income during the year
B) All heads of household
C) All American citizens
D) Individuals whose income meets federal guidelines
E) Only those who have to file a state income tax return
Answer: D
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Metal Company Metal Company sold merchandise to Steel Corporation on December 1, 2012, for $150,000, and accepted a promissory note for payment in the same amount. The note has a term of three months and an annual interest rate of 8%. Metal's accounting period ends on December 31. Refer to the data provided for Metal Company. What is the maturity date of the note?
A) December 31, 2012 B) January 31, 2013 C) February 28, 2013 D) March 31, 2013
Coppelli Inc In early 2012, Coppelli Inc had budgeted for the production and sale of 24,000 units. The standard sales price and variable costs per unit were budgeted to be $6.00 and $2.00, respectively. Actual sales for 2012 totaled 25,300 units, and the actual sales price and variable costs per unit were $6.50 and $2.10, respectively. Both budgeted and actual fixed costs were $30,000. Refer to
the Coppelli Inc information above. What was Coppelli's sales price variance for 2012? A) $12,650 F B) $12,650 U C) $12,000 F D) $12,000 U
Identify the prepositional phrase or prepositional phrases in the sentence. Our training on the new accounting system begins next week
Procedural law sets forth the rules for enforcing substantive rights in a court of law
Indicate whether the statement is true or false