For 2016, Randy, an unmarried taxpayer, has wages of $45,000 . He has a significant amount of income from dividends and interest and therefore expects to have a federal income tax liability of $18,000 . His total federal income tax withholding for the
year is $9,500 . Randy had $100,000 of adjusted gross income and a federal tax liability of $11,000 on his 2015 return. To avoid a penalty for underpayment of estimated taxes, what is the minimum amount of total estimated tax that Randy must pay in 2016? Assume the payments are made on a timely basis.
$1,500 = Lesser of $1,500, $11,000 (2015 federal tax liability) - $9,500 (withholding); or $6,700, (90% of $18,000) - $9,500
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Which of the following correctly describes the use of brainstorming?
A) Strive for quantity of ideas, not quality of ideas. B) Evaluate your output before you list your ideas. C) Organize the ideas into categories as soon as possible. D) Refine, delete, and combine ideas at the start. E) Arrange every idea in its proper sequence.
Rodney was employed by Deluxe Discount Store. Rodney's manager directed him to check the prices of dog food at Huge Savings Store. The manager of Huge Savings Store saw Rodney writing down prices and asked him to leave. Rodney, fearful that he would be fired by Deluxe, refused to leave. Rodney committed the tort of
A. larceny. B. trespass. C. misrepresentation. D. conversion.
Distinguish between primary and secondary research.
What will be an ideal response?
What type of incentive compensation plan involves the distribution of a portion of the company's profits to employees?
What will be an ideal response?