why is getting a large tax refund or having to pay a large tax bill at the end of the year a sign of poor planning?

Answers

Answer 1

Considering the financial implication, getting a large tax refund or paying a large tax bill at the end of the year is considered a sign of poor planning because you are overpaying taxes to IRS, thereby reducing your take-home paycheck.

Also, it is poor planning when you pay a large tax bill at the end of the year because there would be a risk of owing the IRS the subsequent year, which would affect your paycheck.

Typically, it is recommended that individuals should calculate their taxes very well and aim for zero refund or additional taxes owed.

Hence, in this case, it is concluded that it is poor planning to get a large tax refund or pay a large tax bill at the end of the year.

Learn more about the Tax refund here: https://brainly.com/question/2135349


Related Questions

Calculate the monthly payment for a 5-year car loan of $23,570 at 10. 43% interest, compounded monthly. A. $247. 44 b. $337. 56 c. $433. 88 d. $505. 79.

Answers

The monthly payment for this car loan is equal to: D. $505. 79.

Given the following data:

Time = 5 yearsPrincipal = $23,570Interest rate = 10.43%

To calculate the monthly payment for this car loan:

Mathematically, the monthly payment on a loan is given by this formula:

[tex]M = \frac{P(\frac{r}{12})(1 \;+\; \frac{r}{12})^{12t}}{(1 \;+ \; \frac{r}{12})^{12t} -1}[/tex]

Where:

P is the principal or amount borrowed.r is the interest rate.M is the monthly payment.t is the number of years.

Substituting the given parameters into the formula, we have;

[tex]M = \frac{23570(\frac{0.1043}{12})(1 \;+\; \frac{0.1043}{12})^{12 \times 5}}{(1 \;+\; \frac{0.1043}{12})^{12 \times 5}\; -\;1}\\\\M = \frac{23570(0.008692)(1 \;+\; 0.008692)^{60}}{(1 \;+\; 0.008692)^{60}\; -\;1}\\\\M = \frac{23570(0.008692)(1.008692)^{60}}{(1.008692)^{60}\; -\;1}\\\\M = \frac{23570(0.008692)(1.6808)}{1.6808\; -\;1}\\\\M = \frac{344.34}{0.6808}[/tex]

Monthly payment, M = $505.79

Read more: https://brainly.com/question/16992474

plz help if ur good at taxes

Answers

Answer:

pay: 73,300

income tax: 73,300*0.37 = 27,121

EI: 73,300*0.0173=1,268.09

CPP: 2,590

Yearly Pay will be 73,300-27,121-1,268.09-2,590 = $42,320.91

Weekly pay (paycheck) = 42320.91/52 = $ 813.86

Explanation:

what is the purpose of long term disability insurance?

Answers

To provide financial support if person cannot work.

PLEASE HELPP WITH CHEMISTRY

I don’t know how to solve this equation please help I’ll give brainlisttt!!!

Answers

Answer:

what is the equation? because I can't see it

what would be the best organizational strategy to use for an essay instructing someone how to bake cupcakes

Answers

The best organizational strategy to use for an essay instructing someone how to bake cupcakes is chronological order.

Chronological order refers to be arrangements with respect to time from the earliest time to the latest time.

This means, the instructor will start giving instructions on how to bake cupcakes from measurements of flour, sugar, butter and other things to mixing the ingredients.

Thereafter, the instructor writes on the oven temperature to bake the cake until when the cake is fully baked.

Learn more about chronology order:

https://brainly.com/question/6042617

Based on business management, Chronological order would be the best organizational strategy to use for an essay instructing someone how to bake cupcakes.

This is because a Chronological order as an organization strategy would explain how a baker or business owner would get things done accordingly.

For instance, it should state the things to get ready such as utensils, ingredients, and other tools necessary.

It will then follow with how to prepare the cupcake, starting from the first thing to do till final action to make the cupcake tasty and yummy.

Hence, in this case, it is concluded that the correct answer is "Chronological Order."

Learn more about organization strategy here: https://brainly.com/question/26064163

how has globalization impacted operations management

Answers

Answer:

Findings show that different aspects of globalization such as competitive intensity, technological change, cost pressure, and new opportunities, affect different aspect of operational performance, namely quality improvement, cost reduction, flexibility, speed of delivery.

Explanation:

How might a recent college graduates investment portfolio differ from someone who is nearing retirement?

Answers

Answer: someone who is retiring has more experience on what to invest in than someone who is still getting used to knowing what to invest in

Explanation:

In the supply-and-demand schedule shown above, at the equilibrium price, quantity supplied is _____ and quantity demanded is _____.

A. 50, 350
B. 450, 75
C. 200, 200

Answers

Answer:

C. 200, 200

Explanation:

If an individual completes 300 hours of classroom instruction, including the USPAP course and a 30-hour course in the principals of capitalization, and totals 30 months and 3,000 hours of experience under a Certified Appraiser, that individual may become A) a Certified General Appraiser. B) a Certified Residential Appraiser. C) a Licensed Appraiser. D) a Certified Industrial Appraiser.

Answers

An individual may become a Certified General Appraiser when he completes the 300 hours of classroom instruction including required course and experience under a Certified Appraiser.

The status of Certified General Appraiser is the highest level of appraiser certification.

Hence, any individual can become a Certified General Appraiser when he completes the 300 hours of classroom instruction including required course and experience under a Certified Appraiser.

Therefore, the Option A is correct.

Read more about Appraiser

brainly.com/question/25303980

What type of business is formed with the primary purpose of serving its user- members? O A. Partnership O B. Corporation O C. Sole proprietorship O D. Cooperative​

Answers

Answer:

A social enterprise is a business with social objectives that serve its primary purpose.

Explanation:

Answer:

cooperative

Explanation:

just took it

Tom, a customer care executive, receives an order of 25 personal computers from a customer who wants the goods to be delivered to him in two days. Tom needs to inform the customer of that there will be a delay in shipping goods in bulk in such a short span of time. In order to maintain trust, Tom should: _________

a. update the customer only when they enquire on the delay in the shipment.
b. update the customer regarding the delay as per his own convenience.
c. update the customer regularly and keep the customer informed of any further delay
d. update the customer only when he or she raises a complaint regarding non-receipt of goods.

Answers

Answer:

b. update the customer regarding the delay as per his own convenience.

Based on the given information, Tom should update the customer regarding the delay at his own convenience. Thus the correct option is B.

What is a Customer?

A customer is referred to as an individual who purchases a product or service. He may or may not be the consumer. A consumer refers to a person who utilizes or consume goods and service.

In the given case, it is explained that A customer orders 25 personal computers for Tom, a customer service representative, and requests that the items be delivered to him in two days.

Now it is observed that the order is getting delayed, in order to maintain trust with the customer he should inform the client of the delay at his earliest possible opportunity to avoid any dissatisfaction among customers.

Customer satisfaction is the key to the success of any business which can be achive through better customer service. If any delay is caused it is better to inform than to create any misunderstanding or confusion for later.

Therefore, option B is appropriate.

learn more about customers service, here:

https://brainly.com/question/28417930

#SPJ2

Lopez Corp. Incurred €420,000 of research costs to develop a product for which a patent was granted on January 2, 2014. Legal fees and other costs associated with registration of the patent totaled €80,000. On March 31, 2019, Lopez paid €130,000 for legal fees in a successful defense of the patent. The total amount capitalized for the patent through March 31, 2019 should be.

Answers

The total amount capitalized for the patent is $210,000. A patent is termed as the exclusive rights of the owner on its invention or the discovery.

What is patent?

The patent is the license that this is the creation of the individual and cannot be copied by anyone else and if copied shall be liable for punishment.

Computation of the capitalized amount for the patent:

Calculation of the total capitalized amount for the patent is:

[tex]\begin{aligned}\text{Capitalized Amount for Patent}&= \text{Legal fees and other costs}+\text{Legal fees}\\ \text{Capitalized Amount for Patent}&= \$ 80,000+\$ 130,000\\\text{Capitalized Amount for Patent }&= \$ 210,000\end{aligned}[/tex]

Therefore, the correct capitalized amount for the patent is $210,000.

Learn more about the calculation of the capitalized amount here:

https://brainly.com/question/10087449

one difference between monopolistic competition and oligopoly is that firms in monopolistic competition are assumed to:

Answers

Answer:

Monopolistically competitive firms are assumed to independently set the price of their differentiated product.  

Explanation:

Monopolistic competition and oligopoly are two types of market structure.

Definitions:Monopolistic competition

Monopolistic competition is characterized by several competing sellers in an industry with differentiated products. In this market structure, monopolistically competitive firms have lesser barriers to entry or exit. Additionally, the consumers view the monopolistically competitive firms' products as somewhat different from the goods produced by competing firms. However, the consumers view those competing products as close substitutes.  Thus, product differentiation is crucial in the success and longevity of monopolistically competitive firms.  Product differentiation is the process of attracting customers by creating a feature or image that will make a product stand out or distinguishable from the existing products in the market.  Through product differentiation, monopolistically competitive firms can have some control over setting prices on their products, which gives them limited market power.  Although, the amount of products that the firms could sell is also contingent on the number and prices of existing substitute products in the market.

Oligopoly

In contrast, oligopoly is a type of market structure characterized by a handful of major producers that have the power to influence to set the prices of their goods through price leadership.  The actions taken by an oligopolist may significantly affect the sales of other firms in the same industry—when a leading oligopolistic firm increases its price, the other firms will likely follow suit. Hence, the prices of comparable goods are often similar.  

Under this market structure, firms have a cost advantage compared to smaller firms due to increasing returns to scale. This means that the oligopolists could produce their products in larger volumes using lesser inputs.  It is also difficult for new entrants to enter an oligopolistic industry due to lack of sufficient capital investment.  

What is a natural risk that businesses should consider when establishing their information-management procedures

Answers

Data security issues such as: Information leaks, Breach of the GDPR law, hacking

When price goes up, what happens to supply?

Answers

the supply expands

Explanation:

when price goes up supply usually increases. because the more money it cost the less likely it is to be bought by the consumer therefore instead of selling say… 100 products a day, you’re down to 60

Charity Hospital is holding its annual gala in a fancy downtown hotel. Tickets are $200 each, and the organization estimates that the fair value of the event is $125. Purchasers of gala tickets are entitled to a charitable contribution deduction of:

Answers

Based on the amount paid for the tickets and their fair value, the portion that is entitled to charitable contribution deduction is $75.

When one buys a ticket to a charitable event, there is a chance that some of the ticket price can be treated as a charitable contribution deduction.

The part that can be treated as such is anything in excess of the fair value of the ticket. This amount in this case is:

= 200 - 125

= $75

In conclusion, the answer is $75.

Find out more on charitable contribution deductions at https://brainly.com/question/8706786.

Bill wants to prepare his own taxes but wants a bit more guidance. He wants to file taxes without having to spend much money. What is his BEST option for filing taxes?

A. Prepare his taxes on her own.

B. Prepare his taxes with using an electronic tax program.

C. Hire someone to prepare his taxes.

Answers

Answer: B. Prepare his taxes with using an electronic tax program.

Explanation: had this question and got it correct!

Possible careers related to my results that appeal to me most include:

Answers

Explanation:

ummmmn I don't get this lol

what value would be returned based on the formula in cell d49?

Answers

The COUNTIFS function counts cells based on specified criteria, evaluating ranges and criteria pairs sequentially, returning a count of matches; in this case, the result is 1 due to both criteria being met once. Therefore, option B is correct.

The COUNTIFS function is a powerful Excel tool used for analyzing data by counting the number of cells that meet specific criteria across multiple ranges. This function enables the simultaneous application of multiple conditions, making it ideal for complex data analysis.

It evaluates each criterion and corresponding range, tallying instances where all conditions are satisfied. By facilitating precise and efficient data summarization, COUNTIFS enhances decision-making processes and provides insights into the occurrence of specific events or scenarios within datasets, contributing to informed conclusions and strategic actions.

Therefore, option B is correct.

Learn more about COUNTIFS function here:

https://brainly.com/question/32365395

#SPJ12

Most probably, your complete question s this:

What is a primary benefit of starting a new business without purchasing a franchise or buying an existing business?

1. Less record keeping
2. Lower financial risk
3. You can apply your own experience
4. Developing your own rules

Answers

Answer:

4.

Explanation:

Instead of having to follow a franchises rules or prexisting rules at the existing business you can develope your own affecting costs and overall efficiency of your company.

The primary benefit of starting a new business without purchasing a franchise or buying an existing business is developing your own rules. Thus, option fourth is correct.

What is business?

A business is described as a firm or organization that engages in economic, industrial, or professional activity. Businesses can be either for-profit or non-profit organizations.

Limited liability firms, sole proprietorship, companies, and partnerships are all elements of marketing structures.

The first step of the business is to prepare the budget. As contrast to satisfying the financial criteria of purchasing a franchise or a running firm, you can tailor your new business to match your available cash, such as by working from home or part-time.

Therefore, it can be concluded that option fourth is correct.

Learn more about business here:

https://brainly.com/question/8119526

#SPJ2

Isabel and Stuart open a money market account to begin saving for the

college expenses of their newborn daughter. This is an example of a

investment strategy.

O A. high-return

B. diversified

C. long-term

O D. high-risk

SUBMIT

Answers

Considering the situation described above, this is an example of a "Long-Term investment strategy."

What is a Long-Term Investment Strategy?

Long Term Investment Strategy is a type of investment decision in which the investor hopes to reap the rewards later, usually five years or more.

Given that Isabel and Stuart opened a money market account to begin saving for the college expenses of their newborn daughter, which may take an average of 16 years or more before they reap it, this is an example of a "Long-Term Investment Strategy."

Hence, in this case, it is concluded that the correct answer is "Long-term investment strategy."

Learn more about the Investment strategy here: https://brainly.com/question/25730859

Answer: C, long-term

Explanation: just finished test

plz helpp ill love u forever

Answers

Answer:

The answer is A.

Explanation:

In each other presentation, choosing the “Reuse Slides” tool and then browsing to find the credits slide in the original presentation.

Brainliest please!!!!!!!!!

What is stopping to reflect on and judge your goal progress called?

Answers

Answer: Self-Reflection

The stopping to reflect on and judge your goal progress is called Re-evaluation.

What is a Goal?

A goal is to refer to an objective or dream that an individual desires to achive in his life. This is referring to a target based on an individual's desire which is accomplished by them in the desired time period.

The process of re-evaluation emphasizes determining or analyzing all the aspects of an individual's personality or business again by following different methods in order to achieve the desired result.

In order to assure a more likely outcome, it is crucial to do the experiment more than once which helps to better evaluation. Otherwise, there is a risk that the results could be incorrect.

This re-evaluation helps to seek progress in the work and brings improvement based on the results to achieve the desired Output.

Learn more about Re-evaluation, here:  

https://brainly.com/question/4978909

#SPJ12

In AHP procedure, can you explain the reason why we need to check the consistency and briefly explain the method of consistency checking?

Answers

In AHP Procedure, the reason why we need to check the consistency is:

To make sure that the pairwise comparison results are accurate

The brief explanation of the method of consistency checking is:

The weights of the individual elements are are calculated using pairwise comparison so that there would be a comparison of two advantages

The AHP which means Analytical Hierarchy Process has to do with the organization of the various processes that is responsible for the analysis of complex decisions making use of mathematics and psychology.

Read more about AHP Procedure here:

https://brainly.com/question/25997891

If G&M Foods issues a $1,000 bond with an interest rate of 3.5 percent and a maturity date of January 1, 2025, G&M is agreeing to pay the bondholder __________ interest each year until January 1, 2025, when it must repay the full $1,000.

Answers

Based on the face value of the bonds payable of $1,000 and an interest rate of 3.5%, G&M agrees to pay the bondholder the sum of $35 as interest annually until January 1, 2025, when G&M redeems the full $1,000 bond.

Data and Calculations:

Face value of bonds payable = $1,000

Interest rate = 3.5%

Maturity date = January 1, 2025

G&M's annual interest expense = $35 ($1,000 x 3.5%)

Thus, by issuing the bond of $1,000 at 3.5% per year, G&M agrees to pay $35 in interest expense.

Learn more about the interest expense of bonds payable here: https://brainly.com/question/25583853

a grocery store in a perfectly competitive market can

Answers

Answer:

A grocery store in a perfectly competitive market can. reduce its advertising budget more than its competitors. differentiate its product with respect to other firms. ignore profit-maximizing strategies. freely enter or exit the market.

which are considered types of credit availablesto borrowers?check all that apply

Answers

Answer:

choices?

Explanation:

In the ______ stage of team development, members depend on the project manager to provide direction and structure.

Answers

Based on business management, in the Forming stage of team development, members depend on the project manager to provide direction and structure.

Stages of team developmentForming StormingNormingPerformingAdjourning

Generally, the forming stage forms the first or early stage of team development.

During this period, the rest of the project manager and the members depend on him to provide direction and structure.

Hence, in this case, it is concluded that the correct answer is "Forming stage."

Learn more about Team Development here: https://brainly.com/question/10061787

A Smart sets up a new business. Before he actually sells anything, he has bought motor vehicle for $2500, premises for $4500, stock of goods for $1000. He did not pay full for his stock of goods and still owes $600 in respect to them. He borrowed $2800 from J Devan. After the events described and before trading starts, he had $150 cash in hand and $650 cash at bank. You are required to Calculate the Capital. Show all working.

Answers

The capital for A Smart is $5,400

Capital is computed as :

Capital = Asset - Liabilities

First, we need to determine the Asset.

Asset = Motor vehicle + Premises + stock + cash in and + cash at bank

Asset = $2,500 + $4,500 + $1,000 + $150 + $650

Asset = $8,800

Also, we will determine the liabilities

Liabilities = Money owed + Loan

Liabilities = $600 + $2,800

Liabilities = $3,400

Recall that:

Capital = Assets - Liabilities

Capital = $8,800 - $3,400

Capital = $5,400

Therefore, the capital for A Smart is $5,400

Learn more at :  https://brainly.com/question/5617813

How does the value of a nation's currency affect global trade?

Answers

Answer:

this is the answer

Explanation:

A weaker domestic currency stimulates exports and makes imports more expensive; conversely, a strong domestic currency hampers exports and makes imports cheaper. Higher inflation can also impact exports by having a direct impact on input costs such as materials and labor.

Other Questions
what should we do to increase literacy in nepal Help please just this 1-5 please answer correctly but real people only answer correctly I'll do anything Did Ron Dellums live in Oakland, CA when he was mayor? Help with number 2 No links No jokes to just get points The scale of a blueprint is 3 inches : 10 feet. On the blueprint, a house is 9 inchesalong. What is the length in feet of the actual house? I need to write an essay on why kids should have phones 30 points on the line, and I will mark brainiest and about 300 words Find the quotient of 3,976 28 = ________. Use the partial quotients strategy to help you. Find the solution set of each inequality below, and then determine which inequalities have the samesolution set as -(-8x 3) < 23. Select all that apply.A1(8x + 3) < -23B(10x =- 20) >-441(8x + 3) >-23(10(10x +20) >44E(8x + 3) < 23F-crx(10x +20) < -44+ what is the big Apple known as Which invention made factory environments in Florida more pleasant?A: Air conditioningB. Central heatingC: Spinning MuleD;Two-speed bicycle Nathan works the same number of hours each day, 5 days each week. He earns $12 per hour. Last week he earned $420. How many hours did he work each day? A movie theater sold a total of 50 tickets. 23 of the tickets were child tickets, and the rest were adult tickets. What is the ratio of the number of adult tickets to the total number of tickets?Write your answer as a fraction. Use a slash ( / ) to separate the numerator and denominator. What is the arc length if the central angle is 225 degrees and the radius of a circle is 3 cm Evaluate.(16+0.6(13)+1)2What is the value of the expression?Enter your answer as a simplified fraction in the box. What led to the decline of the Second Ku Klux Klan? Select the two correct answers.A.)the Indian Citizenship Act of 1924B.) increasing urbanizationC.) public scandalsD.) legislation from opposition groupsE.) the Scopes Trial verdict el gobierno de costa rica insiste en que sus ciudadanos _______ acceso a los servicios medicos. tienan tienen tengan tenguen > what are the four states of matter? how are they defined? 1 42.637.2 =2 99.248.5 =3 246.39.67 =4 68.5424.4 =5 123.8631.5 =Please i need answer M is the midpoint of the segment. Find the length of CG PLZ HELP MEEEEE GIVEING BRAINLYEST