Peyton has adjusted gross income of $2,000,000 on his 2018 tax return, filed April 17, 2019, the due date. He accidentally failed to include $200,000 that he received for a television advertisement. How long does the IRS have to audit Peyton's federal tax return?
A. until April 17, 2021
B. until April 17, 2025
C. until April 17, 2022
D. The IRS can audit Peyton's return at any future date.
Answer: C
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Jane, the owner of Best Bakes, introduced chili-flavored cookies into the market. As an introductory offer, she is willing to give 5 percent price discount for retailers who sell her products. If this does not work, she is willing to give them a credit term of 7/10, n/45. If this offer fails to make any impact on the retailers, she is ready to bear end-to-end transportation costs. Identify the prenegotiation method used by Jane in this scenario.
A. Adaptive planning B. Value proposition C. Negotiation jujitsu D. Trial balloon E. Ambush negotiating
Graciella is making a persuasive complaint at work. Which of these sentences will be most effective in achieving her goal?
A) If you can't be bothered with maintaining our equipment in good working order, how can I be confident that you care about your employees? I can't be bothered filing repeated repair requests either. B) I have put up with a broken fax in Workroom 223 for three weeks, and I am just fed up with this waste of my time. Repair the fax or else! C) Did you realize that Bill has still not fixed the fax in Workroom 223 despite the work request I completed two weeks ago? Make Bill fix it soon. D) For the past two weeks, fax machine No. 223- 51 has been unavailable to complete essential business for 25 of our employees due to incomplete service. Please ensure our equipment is repaired by Friday.
One problem in using a quantitative model is that the necessary data may be unavailable
Indicate whether the statement is true or false
How might a sole proprietorship have a possible tax advantage?
A. It does not have to make tax payments until the end of the year. B. It does not have to pay federal income taxes. C. It does not have to charge sales tax on its merchandise. D. It does not pay special state and federal taxes that corporations pay. E. It is subject to a form of double taxation.