In  the  filing  of  income  tax  returns  for  non-individual  taxpayers  (assuming  the  taxpayer  employs calendar year), which is TRUE in terms of deadline?

Q: Ben Fernandez a VAT-registered taxpayer had the following data for each of the months indicated of…

A: Vat is known as value added tax. Vat rate in Philippines is 12% Input vat means the vat amount which…

Q: The Request for Taxpayer Identification Number and Certification is also known as Form _____.…

A: Since the questions asked are different,As per our guidelines ,we are allowed to answer only first…

Q: liability

A: As Given in the question On August 1st, the Anderson Company opened its business. It paid salaries…

Q: 2: An employer in Newark, New Jersey employs three individuals, whose taxable earnings to date…

A: Tax refers to the amount charged by the government on the income earned by the company and…

Q: 1. In the illustration on number 1, Ms. X likewise earned P1,000,000 from employment with XYZ…

A: As per our protocol we are supposed to answer one question. Since you have asked two questions under…

Q: This same MCIT calculation and payment will be required when filing quarterly and annual corporate…

A: The MCIT is a tax levied on a company taxable under Title II of the Internal Revenue Code that…

Q: CASE IV JKL Company provided the following information to its accountant to determine the tax due…

A: Note : Adjustments while computing taxable income 1)Accounting depreciation will be added back and…

Q: The following data pertain to a taxpayer’s request for refund: Date tax erroneously paid, January…

A:

Q: f an amount is zero, enter "0". If required, round your answers to two decimal places. a.…

A: A) Due amount = $ 7720 Duration of Due months = 11 As per IRS: Penalty is calculated 0.5% of unpaid…

Q: .  Jack filed his tax return 8 months and 27 days late and did not request an extension of time for…

A: Workings: Jack filed his tax return 8 months and 27 days late Jack to Receive $ 9695 as refund in…

Q: ____________ is the return filing deadline for an individual taxpayer who has no self-employment or…

A: Every Taxpayer should submit the details of its income through filling the return and should also…

Q: Required information [The following information applies to the questions displayed below.] Louis…

A: Tax is the amount charged by the government from the individual and organizations on the income…

Q: JKL Company provided the following information to its accountant to determine the tax due for the…

A: Accounting depreciation is based on the useful life of the asset and…

Q: What is the total deferred tax liability at December 31, 20x6? 2. What is the total deferred tax…

A: Step 1 Deferred tax is the tax which is the arises due to difference in between the accounting…

Q: Independently considering each of the following statements regarding Form W-2 (Wage and Tax…

A: The employer makes deductions from the employee’s salary and therefore there is some legal…

Q: the 2 questions below are wrong can youble check them plaese  For Addison's filing status, the…

A: Here discuss about the details of calculation of total amount of taxable income with the net tax due…

Q: 1st statement: Taxable income from self-employment (business and profession0 is reported on a…

A: BIR Form 1701: Annual Filing of Income Tax Return shall be filled by For Self-Employed Individuals,…

Q: Lynden Company has the following balances in its general ledger as of June 1 of this year: a. FICA…

A: Definition:

Q: A C corporation has a fiscal year-end of August 30. It requests an automatic extension of time to…

A: C corporation include those corporations who taxed separately and need to pay their taxes at…

Q: Determine the taxpayer's gross income for tax purposes in each of the following situations: If an…

A: Taxes are the amount of dues or liabilities that needs to be paid to government by the individual.…

Q: Compute the penalty described for the following taxpayers. If an amount is zero, enter "0". If…

A: The penalty is the excess amount that the taxpayer has to pay for the late payment of the tax…

Q: In the third quarter of 2019, a taxpayer engaged in the sale of services whose annual gross receipts…

A: Here discuss about the percentage of taxes and Value added taxes and its restriction in the total…

Q: For each employee listed, use the percentage method to calculate federal income tax withholding for…

A: Under wage bracket method, federal withholdings are calculated on the basis of number of allowances,…

Q: Dora Burch files her 2020 income tax return on March 2, 2021. She receives a nil assessment on June…

A: As given Dora Burch prepares her tax return for the year 2020 on March 2, 2021. On June 3, 2021, she…

Q: Prior to the current period, Jack had earnings subject to FICA tax of $133,500. During the current…

A: Withholding tax refers to social security tax and Medicare tax. Social security tax is 6.2% on the…

Q: Briefly explain how the Internal Revenue Code treats an annual loss incurred by an individual who…

A: The W-2 form is only applicable when the person is an employee. Schedule C of IRC is used to account…

Q: Supposed Rowan, a businessman did not pay his income taxes last year since the BIR did not demand…

A: Meaning of Income from business and profession:- The term Income from business and profession means…

Q: On September 30, Cody Company's selected account balances are as follows: Employees' Federal Income…

A: Journal entries are the basic foundation of financial statements in which at least two accounts are…

Q: Nizwa Steels LLC received an assessment order (AO) from the income tax authority on 1st August 2020.…

A: Tax is defined as the financial charge that is compulsory for every individual as it is imposed…

Q: Which of the following forms is typically given to employees at the end of the calendar year so that…

A: Given: The form provided for the employees to file the form for income tax.

Q: Mikhail Rivers is a self-employed corporate tax consultant.  Mikhail’s business, Rivers’s Tax…

A: Employees and employers in the United Kingdom pay National Insurance Contributions (NICs) to fund…

Q: Rich Goma Corporation failed to file its income tax return for the fiscal year ending August 31,…

A: In Philippines interest for late filing of income tax return is levy at 12% per year from the date…

Q: Indicate the date that the statute of limitations would run out on each of the following 2018…

A:

Q: i and Ali to apply for the tax return of three months. Is it correct? If not, then sp

A: A tax deduction is declared by the taxable assessee for which the tax is being determined and he…

Q: Which one of the following represents the provisional tax return? a. Tax return prepared on the…

A:

Q: If a calendar year S Corporation does not request an automatic extension of time to file its income…

A: An income tax return is documentation that determines the company’s or individual’s income earned…

Q: Instructions: Write “true" if the statement is true and "false" if otherwise. 19. $For$ $those$…

A: The Community tax is to be paid at the beginning of the year. On non- payment upto February 28, a…

Q: B. The taxable compensation income of mixed-income earners are reported in each quarterly return.…

A: Tax refers to the percentile-based charge imposed by the authoritative government on the sum value…

Q: 11.A taxpayer is claiming tax preparation expense as a legal and professional fee.  They paid $430…

A: Tax preparation expense: Fees for professional advice, preparation of tax return, fees for e-filing,…

Q: Calculate the amount of Geoffrey's penalty for failure to file his tax return on time, assuming the…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: fleming inc is a c corporation that files its return using a fiscal year. for the return for the…

A: A tax which is imposed on the income of a corporation is known as a corporate tax.

Q: Monica, a self-employed taxpayer, travels from her office in Boston to Lisbon, Portugal, on…

A: Tax refers to the amount charged by the government from individuals and organizations on the income…

Q: Calculate Social Security and Medicare tax for the below-listed employees of TCLH Industries, a…

A: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get…

Q: For each employee listed, use the percentage method to calculate federal income tax withholding for…

A: Income earned during a year is subject to the federal tax withholding which is deducted by the…

Q: a.  Wilson filed his individual tax return on the original due date, but failed to pay $270 in taxes…

A: A penalty is a fee levied by the IRS for failing to pay taxes by the yearly deadline or for failing…