Mr. and Mrs. King's regular tax liability on their joint return was $479,580. Which of the following statements is true?
A. If the Kings' tentative minimum tax is $462,220, their total tax liability is $462,220.
B. If the Kings' tentative minimum tax is $462,220, their total tax liability is $479,580.
C. If the Kings' tentative minimum tax is $492,350; their total tax liability is $492,350.
D. Both B and C are true.
Answer: D
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Describe the attest function and its objectives
Answer the following statements true (T) or false (F)
1. Internal integration is the way an organization reacts to outside influences while external adaptation is the process of creating a shared identity among employees. 2. The three situations in which organizational culture can become dysfunctions are change, diversity, and mergers and acquisitions hindrances. 3. Networked cultures are characterized by a high degree of trust between employees and a willingness to communicate and share information. 4. The identifying characteristic of fragmented cultures is that making money is the top priority.
Benson and Orton are partners who share income in the ratio of 1:3 and have capital balances of $70,000 and $30,000 respectively. Ramsey is admitted to the partnership and is given a 40% interest by investing $20,000. What is Orton's capital balance after admitting Ramsey?
A) $20,000 B) $9,000 C) $70,000 D) $63,000
______ is a short-term time series forecasting method in which the average of the most recent demand periods is used to predict demand in the future period.
A. Moving average B. Naive approach C. Linear regression D. Exponential smoothing