User Account

All Pages

Why does a form rejecting agi

Assignment Help Financial Management
Reference no: EM13887406

Historically, about 1 percent of Form 1040s are audited. Why does a Form 1040 rejecting $31,000 AGI and a standard deduction have much less than a 1 percent chance while a Form 1040 rejecting $912,800 AGI and  $214,790 itemized deductions has a much greater than 1 percent chance of audit?

Reference no: EM13887406

Questions Cloud

Reasons that the irs might choose to audit wilson corpor : Vitronix Corporation's net worth exceeds $160 million, its stock is publicly traded, and a national CPA firm audits its financial statements. Wilson Corporation's net worth also exceeds $160 million. However, it is closely held by members of the Wils..
Determining the cause failure : If a component of this steel had been subjected to 5000 cycles at 100 ksi and 10,000 cycles at 75 ksi, how many additional cycles at 62 ksi would cause failure?
Identify the responsibilities of the pcaob : Identify the responsibilities of the PCAOB. How does the inspection process performed by the PCAOB affect the practice of external auditing?
Determine magnitude of forces and angle between forces : two forces one of which is double the other has resultant of 260N. If the direction of larger force is reversed and the other remains unaltered, the resultant reduces to 180N. Determine magnitude of forces and the angle between the forces.
Why does a form rejecting agi : Historically, about 1 percent of Form 1040s are audited. Why does a Form 1040 rejecting $31,000 AGI and a standard deduction have much less than a 1 percent chance while a Form 1040 rejecting $912,800 AGI and  $214,790 itemized deductions has a much ..
Calculate the temperature of the parcel : Calculate the temperature of the parcel at the following elevations as it rises up the wind-ward side of the mountain: 1000 m ______ °C
What is the break-even level of units? : What is the break-even level of units?
How might dells external auditor respond to concerns : How might Dell's external auditor respond to concerns about the quality of governance at Dell? Given the SEC settlement, should Dell's board have an independent chair?
What would be the radius of a sphere of this material : Neptunium In the fall of 2002, a group of scientists at Los Alamos National Laboratory determined that the critical mass of neptuniwn-237 is about 60 kg. The critical mass of a fissionable material is the minimum amount that must be brought togeth..

Reviews

Write a Review

Financial Management Questions & Answers

  Price the put with binomial trees

Consider a 3-month European put option on a non-dividend-paying stock, where the stock price is $60, the strike price is $60, the risk-free rate is 3% per annum. Stock price will either move up by 10% or down by 5%, every month. Price the put with bi..

  Payout policy

Most utilities company in the United States pay regular dividends to their stockholders. On the other hand most of high tech companies pay little or no dividends. Discuss why they behave the way they do.

  Discuss the hedging uses of swaps

Discuss the hedging uses of swaps. How would a person or company benefit from the use of swaps? Provide illustrations in today's economy of different persons or companies using swaps to hedge risks in the marketplace. What can go wrong when using swa..

  Ritz furniture has a contribution margin ratio

Ritz Furniture has a contribution margin ratio of 0.17. If fixed costs are $171,500 how many dollars of revenue must the company generate in order to reach the break-even point?

  A project has an annual operating cash flow

A project has an annual operating cash flow of $45,000. Initially, this four-year project required $3,800 in net working capital, which is recoverable when the project ends. The firm also spent $21,500 on equipment to start the project. This equipmen..

  What are your thoughts-how does aging affect your budgets

Create aging schedule that compares the 3 payers. What are your thoughts? How does this aging affect your budgets?

  The present value of the annuity

A 20-year annuity pays $2,350 per month, and payments are made at the end of each month. If the interest rate is 13 percent compounded monthly for the first eight years, and 10 percent compounded monthly thereafter, what is the present value of the a..

  Two bookstores are competing for customers

Two bookstores are competing for customers. Both bookstores can decide to offer discounts to attract more customers. Bookstore-A has a 30% probability of offering a discount. The probability that Bookstore-B will offer a discount is unknown, and is r..

  What is the maturity risk premium

The real risk-free rate is 3 percent, and inflation is expected to be 3 percent for the next 2 years. A 2-year Treasury security yields 6.3 percent. What is the maturity risk premium for the 2-year security?

  What is the company''s eva and what does the eva represent

Smith's Shoe Shop had $4,000,000 in operating income last year, after-tax cost of capital of 7%, and a tax rate of 35%. The company has $14,000,000 in stockholder's equity, $17,000,000 in long-term bonds, and $1,500,000 in preferred stock.

  Both bonds make semi-annual payments

Filer manufacturing has 9.1 million shares of common stock outstanding. The current share price is $61, and the book value per share is $3. Filer manufacturing also has two bond issues outstanding. The first bond issue has a face value of $71.6 milli..

  Portfolio comprising of a $3 million

Consider a portfolio comprising of a $3 million investment in Ariel Ltd and a $5 million investment in in Snowy Ltd. Assume that the standard deviations of the returns for the shares are 0.4 and 0.25 respectively

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd