On August 13 of the following year, Joy files her current calendar-year tax return and pays the amount due without having requested an extension. The tax shown on her return is $25,000. Her current-year withholding tax is $15,000. Joy pays no estimated taxes and does not claim any tax credits on her current-year return. Will Joy owe interest, and if so, on what amount and for how many days?

What will be an ideal response?


Joy owes interest on $5,000 from April 16 of the current year through August 13 of the following year, or for 120 days.

Business

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Indicate whether the statement is true or false

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At the borders of the U.S., customs officials can lawfully conduct a "strip" or "skin" search

a. searches near the border, or places of entry to the United States, are exempt from the general requirements of probable cause b. if the suspect conforms to a drug carrier's profile, acts nervously, and wears bulky clothing a search can be conducted. c. if there is a "clear indication" that the suspect is guilty of a crime involving contraband a search can be conducted. d. All of the above

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Shareholder control is generally limited to voting at shareholders' meetings to elect directors

Indicate whether the statement is true or false

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To improve customer service in its overseas call center, Bell Software decided to investigate the call center practices of competing companies. The team discovered that a smaller company, Bumblebee Software Inc., seemed to have outstanding customer service. The team then determined differences between the organizations and developed a plan to incorporate the best elements of Bumblebee into Bell. This illustrates

A. benchmarking. B. forecasting. C. strategic maneuvering. D. cooperative action. E. environmental dynamism.

Business