Explain how to calculate your taxable income, and how to determine the need for a tax payment or refund
What will be an ideal response?
Answer: First, calculate total gross income by adding income from all taxable sources. Next, subtract all adjustments, deductions (the itemized or standard amount), and exemptions to calculate taxable income. On the basis of your taxable income, use the tax tables or tax rate to determine your tax liability and then apply any tax credits that may apply. If the amount of your tax liability is greater than the taxes withheld from you, then you owe the IRS a tax payment for the difference. If the tax liability is smaller than what was already withheld, then you are due a tax refund.
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Choice of a clustering method and choice of a distance measure are interrelated
Indicate whether the statement is true or false
The belief by residents of a country that it is inappropriate or immoral to purchase foreign-made goods and services is referred to as consumer ethnocentrism.
Answer the following statement true (T) or false (F)
What is the “golden rule” of interviewing?
a. Ask the questions consistently as written. b. Keep focused on the questions you need to ask. c. Actively listen to the other person. d. Try to use “yes” and “no” answers for easier recording and clarity.
Which of the following can be affected by the type of legal structure your company has?
a. the authorities you need to notify, taxes, record-keeping, and decision process b. taxes and ability to sue the company c. taxes and marketability of your company d. taxes only