Which one of the following items is a set amount of income on which no taxes are paid?a.Itemized deductionsb.Standard deductionc.Earned tax creditd.Withholdinge.Capital
Read the scenario provided below. After reading the scenario, you will have to prepare a response using two critical lenses. The first critical lens will be from a detective’s perspective. The second critical lens will be from a judge’s perspective. From
August 7, 2017Comparison of the factors that impact the various organizations at the different levels of sports.
August 7, 2017Which one of the following items is a set amount of income on which no taxes are paid?a.Itemized deductionsb.Standard deductionc.Earned tax creditd.Withholdinge.Capital
: 1)A personal balance sheet presents:a.Amounts budgeted for spendingb.Income and expenses for a period of timec.Earnings on savings and investmentsd.Items owned and amounts owede.Family financial goals_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ 2)Which one of the following items is a set amount of income on which no taxes are paid?a.Itemized deductionsb.Standard deductionc.Earned tax creditd.Withholdinge.Capital gains_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ 3)The form 1040 is most helpful to a person who:a.Is single with no other exemptionsb.Makes less than $50,000 with no interest or dividendsc.Itemizes deductionsd.Has exempt incomee.Has a simple tax situation_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ 4)Which type of audit is the least complicated for taxpayers?a.A field auditb.An office auditc.A research auditd.A correspondence audite.A documentation audit_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ 5)A $2,000 deposit to a tax-deferred retirement account for a person in a 25 percent tax bracket would result in a reduced tax bill of:a.$2,000b.$1,50c.$1,200d.$500e.$300_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
