CHAPTER 4 David and Lilly Fernandez have determined their tax liability on their joint tax return to be $1‚740. They have made prepayments of $1‚100 and also have a child tax credit of $1‚000. What is the amount of their tax refund or taxes due? (1)Total tax$1‚740 (2)Child tax credit1‚000 (3)Prepayments1‚100 Tax refund $(360) Explanation: David and Lilly will receive a tax refund of $360 calculated as follows: Tax refund = $1‚740 − $1‚100 − $1‚000 = −$360 Prepayments are fully refundable
Premium Taxation in the United States Tax
were the Corn Laws? The Corn Laws were laws that created high tariffs on foreign grains (3 pts) Explain how and why they were finally repealed. These laws were repealed for several reasons. For one‚ the arguments of David Ricardo showed the economic benefits of free trade. Another was the fact that industrialization in Britain had much to gain by repealing these laws. As such‚ they‚ particularly represented by the
Premium Free trade International trade Tariff
traditional functions of management include planning‚ organizing‚ leading‚ and service. A. True B. False 4) Specific government organizations in a firm’s immediate task environment are called ______________. A. substitutes B. regulators C. new entrants D. economic indicators 5) Organizations that are affected by and that affect their environment are called ____________. A. inputs B. open systems C. outputs D. macroenvironment 6) The competitive environment includes all of thefollowing EXCEPT: A. Suppliers
Premium Management Control theory Business ethics
Review Sheet for Final Spring 2014 BMGT 301 Chapters 2‚ 6‚ 7‚ 9‚ 10‚ 11‚ and 13 Dr. Karake Chapter 2 – Strategy & Technology Differentiate between operational effectiveness and strategic positioning Operational Effectiveness – Performing the same tasks better than rivals perform them Strategic Positioning – Performing different tasks than rivals‚ or the same tasks in a different way Differentiate between competitive advantage and sustainable competitive advantage Competitive advantage – An advantage
Premium Cloud computing SQL Application software
produce to their customers. These advances are an example of changes in the A. technological environment B. economic environment C. political environment D. ecological environment 4) _________ trends regarding how people think and behave have major implications for management of the labor force‚ corporate social actions‚ and strategic decisions about products and markets. A. Psychological B. Economic C. Technological D. Societal 5) Which of the following is a step in the decision-making process? A. Generating
Premium Decision making Management Decision theory
Topic 7: 1. How does a raw material’s status as pure‚ weight-losing‚ or weight-gaining influence the facility location decision? P178 Pure materials that lose no weight in processing‚ the processing point can be located anywhere between production and consumer. Weight-losing products‚ processing plant should be near their source in order to avoid the payment of unnecessary transportation charges. As weight-gaining (gain weight during processing)‚ the processing point should be close to the
Premium Logistics Cargo Pallet
MGT 350 1) Bill Simmons is the manager of a small restaurant and must decide how much money he owes his suppliers. The best way for Bill to approach this as a critical thinker is to A. collect and analyze the evidence B. identify opportunities and obstacles C. understand different perspectives on the issue D. weigh the consequences of this decision 2) Critical thinking is very important in making decisions that impact an organization’s growth and survival. Which of
Premium Decision making Critical thinking
Chapter 1 Fraud examination – process of resolving allegations of fraud from inception to disposition. It involves not only financial analysis‚ but also taking statements‚ interviewing witnesses‚ rating reports‚ testifying to findings‚ and assisting in the detection and prevention of fraud. Fraud theory approach – the methodology used to investigate allegations of fraud. 1) Analyze available data‚ create hypothesis‚ test hypothesis‚ refine / amend hypothesis. Occupational fraud / abuse – the use
Premium Balance sheet Fraud Invoice
Subassemblies information Output of a manufacturing system: Components‚ Goods‚ Products‚ Parts‚ Subassemblies Design engineer responsibilities; What the design is to accomplish‚ Assumptions that can be made‚ Service environments the product must withstand‚ Final appearance of the product‚ Product designed with the knowledge that certain manufacturing processes will be used Manufacturing engineer responsibilities: Select and coordinate specific processes and equipment‚ Supervise and manage their use‚ Industrial
Free Welding
CJUS Final Review 1. Know what the Fifth Amendment limits? Limitations on the exercise of governmental power or authority and prevent person from being tried twice for the same offense‚ testify against himself. 2. Sixth Amendment guarantees what? The Sixth Amendment guarantees the right to legal counsel at all significant stages of a criminal proceeding. 3. The eighth amendment bars what? U.S. constitutional amendment forbidding excessive bail‚ excessive fines‚ and cruel and unusual
Premium Prison Crime