If you are working part time while going to school and have no dependents other than yourself, do not itemize deductions and have no capital asset transactions, which Federal Income Tax return form should you file?
A) 1040EZ
B) 1120
C) 1040X
D) Since you are part time and make just a few thousand dollars, you do not need to file an income tax return.
Answer: A
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The internal audit department recalculates payroll for several employees each pay period. This is an example of __________________________
Fill in the blank(s) with correct word
Discounts from invoice prices, which act as an inducement for prompt payment of invoices, are called cash discounts
Indicate whether the statement is true or false
With respect to property, under the common law, minors:
A. are entitled to the return of their property given as consideration even if they have been ratified. B. are entitled to the return of their property given as consideration, even if that property is possessed by a third party at the time of disaffirmance. C. are entitled to the return of their property given as consideration, except in cases where the property is possessed by a third party. D. are entitled to the return of their property given as consideration only upon attaining majority.
Define future advances and explain how covering future advances in the security agreement benefits the creditor.
What will be an ideal response?