Penny knows that she needs to file her federal income taxes, but she is unable to do so by April 15. What form does she need to complete to obtain an automatic six-month extension

Answers

Answer 1

"Penny knows that she needs to file her federal income taxes, but she is unable to do so by April 15."  The form she needs to complete to obtain an automatic six-month extension is Charity contributions. Tax-deferred income. This is further explained below.

What are Charity contributions?

Generally, Charity contributions are simply defined as Donations to charities that may take many forms, but they always benefit non-profits in some way.

In conclusion, there are exceptions to the general rule that you may deduct up to 50% of your AGI, such as the 20% and 30% caps.

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Related Questions

Negative impacts of strikes on businesses as an economic issue

Answers

The major negative impact of strikes on businesses as an economic issue results in less productivity.

What do you mean by business?

A business refers to an organization that is engaged in commercial, industrial, or professional activities.

The negative impact of the strike on businesses is that it affects the teamwork, profitability, and productivity of the business.

Businesses may have to suffer financial and production losses and consumer confidence is badly affected.

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The weak form of the efficient market hypothesis implies that:________ a) No one can achieve abnormal returns using market information. b) Insiders, such as specialists and corporate board members, cannot achieve abnormal returns on average. c) Investors cannot achieve abnormal returns, on average, using technical analysis, after adjusting for transaction costs and taxes. d) All of above.

Answers

I believe it is d. But I’m not sure

The weak form of the efficient market hypothesis implies that All of above and EMH.

Thus, equities always trade at their fair value on exchanges, according to the EMH, making it impossible for investors to buy undervalued equities or sell them for exorbitant prices.

The only way an investor can earn larger returns is by making riskier bets, as it should be impossible to outperform the market as a whole through excellent stock selection or market timing.

Share prices, according to the efficient market hypothesis (EMH) or theory, accurately reflect all available information. According to the EMH, equities trade on exchanges at their fair market value.

EMH proponents contend that investing in a low-cost, passive portfolio is advantageous for investors. EMH critics contend that equities can diverge from fair market values and that it is feasible to outperform the market.

Thus, The weak form of the efficient market hypothesis implies that All of above and EMH.

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outline reasons why some chemicals are not suitable for man's use​

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Answer: Chemicals such as insecticides, pesticides, and others must be kept away because they can contaminate food, and make it poisonous to anybody. Some can cause burns, vomiting, diarrhea, and in very large amounts, drowsiness or death. Chemical products may cause immediate health effects, such as skin or eye irritation or burns, or poisoning. There can also be longer-term health effects from chemicals.

Explanation:

Chemicals such as insecticides, pesticides, and others must be kept away because they can contaminate food, and make it poisonous to anybody. Also, chemicals used, for the preservation of food, must not be allowed to come in contact with food substances.

As the middle and lower classes reduced income what were their two responses?

Answers

As the middle and lower classes reduced income their response to their demand will be reduced. Household spending will be affected.

What is middle class income.

Middle class income earners are the people with income or salary that is more than their spending. Their earning is doubling the average spending of their household.

Therefore, a decline in middle and lower classes reduced income will reduce the household spending.

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If cream cheese and bagels are complements, then an increase in the price of cream cheese will __________ the demand for bagels. a) increase b) not change c) increase or decrease d) decrease

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If cream cheese and bagels are complements, then an increase in the price of cream cheese will increase the demand for bagels.

What are complement goods?

Complement goods are goods that can be used to substitute for each other.

When the price for a substitute increase, the demand for the complement also increase.

Therefore,

If cream cheese and bagels are complements, then an increase in the price of cream cheese will increase the demand for bagels

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2. Accrued interest income on notes receivable is calculated using all of the following information except the (A) annual interest rate. (B) principal. (C) term of the note. (D) date of the note.

Answers

Term of the note is not necessary to be used for calculating the accrued interest income on notes receivable.

What is accrued interest?

Accrued interest is that interest rate that has been already incurred on the loan but not paid yet.

In order to, calculate the accrued interest, interest rate has to be multiplied by the notes receivable amount and divide by the 12.

Accrued interest can be in the form of accrued interest revenue or accrued interest expense.

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When asked a difficult question during an interview, _____.

change the subject

put a positive spin on the honest answer

make up a positive story

ignore the question

Answers

Answer: The answer is B.

Put a positive spin on the honest answer.

Daugherty Company owned a participating interest in an oil and gas business. In a transaction that qualifies as a sale, Daugherty transferred the entire interest to a third party. Daugherty received both cash and a forward commitment from the third party to deliver additional receivables to Daugherty over the course of the next 6 months. The CFO has asked if the forward commitment should be recognized as part of the proceeds of the sale. Which section of the authoritative guidance best outlines the accounting for a transfer of a participating interest in a financial asset that satisfies the conditions for treatment as a sale

Answers

IFRS-9 is the section of the authoritative guidance which best outlines the accounting for a transfer of a participating interest in a financial asset.

What is IFRS-9?

This is a financial instrument which measures and classifies assets, liabilities etc at a fair value.

The transfer of participating interest in a financial asset is done after the conditions for treatment as a sale is satisfied.

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Company culture is driven by the ability of employees to:.

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Company culture is driven by the ability of employees to interrelate with each other.

What is company culture?

This is the way and manner at which individual in the company behave and interact with each other.

There is cross-cultural interaction to enhance progress in a given task.

Therefore, Company culture is driven by the ability of employees to interrelate with each other.

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The Riparian use doctrine A) Encourages conservation of water B) Protects the rights of those who got there first C) properly weighs the marginal benefits of water use to all users D) all of the above

Answers

The Riparian doctrine does the following:

encourages conservation of waterprotects the rights of those who got there firstproperly weighs the marginal benefits of water use to all users.

What is the riparian doctrine?

In water rights context, the doctrine states that water belongs to the person whose land borders a body of water.

Therefore, the Option D is correct.

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Those directly responsible for achieving the organization's production goals by issuing orders and enforcing discipline are ______ managers. Multiple choice question. line production staff

Answers

Those directly responsible for achieving the organization's production goals by issuing orders and enforcing discipline are line managers.

Why are the line managers important in an organization?

A line manager is very essential in an organization because they are responsible for overseeing  employees so as to fulfill business goals.

These managers are the main point of contact, responsible for achieving the organization's production goals stands between management and the outside the organization.

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If there is a greater quantity supplied than the quantity demanded, in other words, an excess supply of a good or service you are most likely dealing with a

Answers

An excess supply of a good or service than the quantity demanded then it is most likely dealing with a Economic Surplus.

What is demand?

Demand refers to the desire to purchase the commodity along with having the purchasing power. It the willingness to purchase certain price of the commodity at the given period of the time.

In the market, if the supply of the commodity increases then the quantity demanded that situation is called as the Economic surplus. In such case, the prices of the commodity will decrease as their is no demand for the product.

Thus the excessive supply of the commodity can be inferred as the economic surplus.

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28. Gorman and Morton form a partnership on May 1, 2019. Gorman contributes cash of $50,000; Morton conveys title to the following properties to the partnership: Steele is invited to join the partnership on January 1, 2020. Because of her business reputation and financial expertise, she is given a 40 percent interest for $54,000 cash. The bonus approach is used to record this investment, made directly to the business. The articles of partnership are amended to give Steele a $2,000 compensation allowance per month and an annual cash drawing of $20,000. Remaining profits are now allocated:

Answers

The total allocation of net income for Gorman and Morton will be $9200 and $1800 respectively.

How to calculate the net income?

The total allocation of net income for Gorman will be:

= (1000 × 8) + 1200

= 8000 + 1200

= 9200

The total allocation of net income for Morton will be 1800.

Therefore, the total allocation of net income for Gorman and Morton will be $9200 and $1800 respectively.

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The debit for a sales tax properly levied and paid on the purchase of machinery preferably would be a charge to

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The debit for a sales tax properly levied and paid on the purchase of machinery preferably would be a charge to machine account.

What is a machine account?

This is a section of the Journal entry that records the machine entry.

Hence, the amount paid on the purchase of machinery preferably would be a charge to machine account.

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Name the occupation in which people work for others and get rewarded in return

Answers

Answer:

Employment/Employers

Explanation:

Employers are the people who hire others in order to do work for a business, establisment or company with the bonus of payment.

What are the four basic factors that effect workplace safety?

Answers

Answer Tasks, workload and work patterns. Working environment and workplace design. Workplace culture and communication.

The fixed costs of WeBuy&Sell, an e-commerce website, make up about 90 percent of the total costs incurred by the company. However, since its primary means of communication is web advertising, WeBuy&Sell has variable costs as low as 10 percent of its total costs. This allows WeBuy&Sell to earn high profits at a very low cost. According to the given scenario, WeBuy&Sell has _____ scalability. a. zero b. low c. infinite d. high

Answers

From the fact that the company is able to earn high profits at a very low cost it can be said to have high  scalability.

What is high scalability?

This has to do with the fact that the business is able to tailor itself to meet up with the increases in its work load.

This is simply from the fat that the business would require lower capitals in their growth.

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Donald, a banker in an investment firm, has long hair. His boss thinks that all men who have long hair are not serious about their work. In this scenario, Donald's boss is guilty of _____.

Answers

In this scenario, Donald's boss is guilty of Stereotype as thinks that all men who have long hair are not serious about their work.

What is Stereotype?

Stereotype is a belief in which is unfair and untrue that many people have  for the other people. For example:- Girls are considered to be weak ,innocent and polite and boys are considered as very strong and they never cry.

In the above scenario, Donald who is an investment banker is judged on the basis of his physical appearance. His boss has a Stereotype that  all men who have long hair are not serious about their work.

Donald must be judged by his working skills rather than his appearance. Thus the boss is guilty about his Stereotype thinking.

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Brandon is part of a sales team. He effectively coordinates his tasks with others in the team and willingly contributes to their efforts in achieving the team's objectives. Thus, Brandon is in ________ of the Level-5 leadership pyramid.

Answers

Brandon is in level 2 of the Level-5 leadership pyramid.

Level 2 of the Level-5 leadership pyramid.

The concept of Jim Collins’s classification of leaders based on empirical evidence describes the levels of leadership as would expect from employees and how they are different

They include:

Level 1: The Highly Capable IndividualLevel 2: The Contributing Team MemberLevel 3: The Competent ManagerLevel 4: The Effective LeaderLevel 5: The Executive

Brandon is in level 2 or the contributing team member level. This is because he can efficiently work and contribute in a team and contribute to the team's objectives.

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What movie earned tom hanks his first oscar nomination?.

Answers

Answer:

Big (1988)

Explanation:

He made his breakthrough with in Penny Marshall's Big (1988) for which he earned an Academy Award for Best Actor nomination.

What is the process for adding a text box on a slide?

Answers

[tex]\huge{\underline{\mathtt{Question}}}[/tex]

☁️ Question ☁️

What is the process for adding a text box on a slide?

[tex]\huge{\underline{\mathtt{Answer}}}[/tex]

☁️ Answer ☁️

1. On the Home tab, under Insert, click Text.

2. On the pop-up menu, click Text Box.

3. On the slide, click the location where you want to add the text box.

4. Type or paste your text in the text box.

[tex]\color{skyblue}──────────────────────────────────[/tex]

What is wrong with the following outline?

When teenagers give community service, they not only benefit the community but themselves.
Community service fulfills special needs in the community that might otherwise be neglected.
Volunteers often provide the only companionship that some of the elderly or disabled have because many people in nursing homes do not have family nearby.
Big Brother/Big Sister programs offer kids opportunities to learn, play, and socialize, which they would not otherwise have because of working parents.
Teenagers who perform community service benefit from the knowledge that they are making a difference.
Teenagers involved in neighborhood clean-up programs can see tangible evidence of how the clean streets and parks improve the community.
Teenage volunteers at food banks and soup kitchens are able to focus on the needs of others and see how they can fulfill those needs.
Many teenagers do not volunteer because they don't know how to get involved.
There are many resources that can help you find a service that's right for you.
The Internet is a great way to search for community service opportunities.
Your local community center or public library can be a good resource.
Ask teachers or parents how you can get involved.
There aren't enough main points.
There's nothing wrong with the outline.
There aren't enough subpoints for each main point.
There aren't enough supports for each subpoint.

Answers

Answer:

there are not enough subpoints for each main point

Answer:

B. There aren't enough subpoints for each main point.

Explanation:

The reason is that the outline has the main points which is good. But there isn't enough reasoning or smaller points to prove these main points.

why is the subject line of a business email important

Answers

Answer:

The subject line often determines whether an email is opened and how the recipient responds. An email with a blank subject line will likely get deleted, lost, or immediately irritate the recipient, who is forced to open the email to figure out what it's about.

A message's opening and response rates are frequently influenced by the subject line. When an email's subject line is blank, it is more likely to be deleted, misplaced, or immediately anger the receiver because they are compelled to open the email in order to find out what it is about.

What is the rate?

A number, amount, or degree measured in relation to another object. She typed at a speed of 80 words per minute. : a charge or payment based on another quantity. more specifically: the premium per insurance unit.

A rate in mathematics is the comparison of two related values expressed in different units.  The numerator of the ratio expresses the corresponding rate of change in the other (dependent) variable.

The first line of text recipients sees when they open your email is the subject line. Make sure it is optimized for your audience because this one line of content frequently determines whether an email is opened or sent directly to the trash.

Therefore, The subject line frequently has an impact on response rates. When the subject line of an email is empty,

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Tremont Industries reported the following non-GAAP financials: (Values in $000s)2020 Net income 1,365Interest income (60)Interest expense 640Tax expense 637One-time tax (gain) / loss (182)Depreciation & amortization 80EBITDA 2,480Stock based compensation 350Restructuring costs 175(Gains) / Losses on sale (330)Adjusted EBITDA 2,675Had the gains/losses on sale been $350,000 instead of $330,000, which of the following statements is most accurate?a) Adjusted EBITDA would be $2,655,000b) Adjusted EBITDA would be $2,695,000.c) EBITDA would be $2,460,000.d) EBITDA would be $2,500,000.

Answers

The most accurate statement is that the adjusted EBITA is equivalent to $2,655,000.

Option A is the correct answer.

What is meant by EBITA?

EBITA refers to the amount before any adjustment relating to taxes and interest expenses to the operating profit.

Computation of adjusted EBITA:

[tex]\rm\ Adjusted \rm\ EBITA=\rm\ EBITA+ \rm\ Stock \rm\ Compensation + \rm\ Restructuring \rm\ Costs - \rm\ Gain \rm\ or \rm\ Loss \rm\ on \rm\ Sale \\\rm\ Adjusted \rm\ EBITA=\$2,480,000 + \$350,000 + \$ 175,000 - \$350,000\\\rm\ Adjusted \rm\ EBITA=\$2,655,000[/tex]

Therefore, the amount of adjusted EBITA comes out to be $2,655,000.

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Compound interest earned on a savings account _____.

Answers

Compound Interest earned on a savings account is compounding.

What is compound interest?

Compound Interest refers to the interest on interest. The accumulated interest on the principal amount is referred as compound interest.

For example: if you deposited 1000rs in saving account and interest provided is 2% compounded annually. Then the interest for first year is Rs20 and next year interest will be Rs20.4.

Thus the compound interest earned on saving account is refers as compounding.

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What is a swot anaylasis

Answers

SWOT analysis is a strategic planning and strategic management technique used to help a person or organization identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

I hope this helped!! <3

Answer:

a study undertaken by an organization to identify its internal strengths and weaknesses, as well as its external opportunities and threats.

Explanation:

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Do you intend to make specific contributions to the support of the beneficiary named in this form i-134?.

Answers

Form I-134 is used whilst a U.S. citizen or green card holder is of the same opinion to emerge as an economic sponsor of a traveler visa or a K1 and K2 visa.

Who is the beneficiary in I-134?

The beneficiary is the foreigner who uses it for an immigration grant. A beneficiary may also report Form I- 134 on behalf of himself or herself

For example, in 2021, a sponsor withinside the U.S. mainland could want to have profits (or assets) of at least $33,125 to cover a petitioner who lives by himself and is sponsoring one immigrant and  children (that is, a complete of 4 people)

Thus, Yes, if required a person can make contributions for the support of a beneficiary unless they fulfill the minimum income eligibility criteria given by the Govt.

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Tara is interested in designing automated systems for a supply chain. which type of degree would she most likely need? select an answer: mechanical engineering packaging engineering computer science industrial engineering

Answers

Tara is interested in designing automated systems for a supply chain the type of degree would she most likely need is mechanical engineering.

What is mechanical engineering?

Mechanical engineering is a branch of science that combines other Science subject such as physics and mathematics to manufacture important mechanical systems and product.

Therefore, Tara is interested in designing automated systems for a supply chain the type of degree would she most likely need is mechanical engineering.

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Which two of the following are examples of a persuasive business message?
1. Employees can take two 30-minute breaks during an eight-hour workday.
2. Don’t let a computer virus put your business out of work. Buy our anti-virus software today.
3. Our research indicates that this manufacturing and distributing plant will create 1,500 jobs.
4. Won’t you help our company join the green movement by separating the wet and dry waste in your recycling containers?
5. On weekdays, our restaurant is open from 11:00 a.m. to 11:00 p.m. On weekends, we’re open until midnight.

Answers

The two examples of persuasive business message are:

Employees can take two 30-minute breaks during an eight-hour workday.Won’t you help our company join the green movement by separating the wet and dry waste in your recycling containers?

What are persuasive message?

Persuasive message are message sent to client in order to persuade them to buy into business idea or convince them to buy goods.

Therefore, The two examples of persuasive business message are:

Employees can take two 30-minute breaks during an eight-hour workday.Won’t you help our company join the green movement by separating the wet and dry waste in your recycling containers?

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On January 2, 20X1, Hauser Company issues $2 million face amount, 10-year bonds. Issue costs associated with these bonds are $100,000. How are the issue costs accounted for

Answers

The bonds issue costs of Hauser Company amounting to $100,000 will be debited while recording in the journal entry; whereas, the bonds payable account will be credited.

What is a journal entry?

The systematic recording of accounting transactions in the journal books of a business organization, in a chronological manner, is known as a journal entry.

Hence, the significance of the journal entry is given above.

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27) Harry made 4 hits in 9 times at-bat. If she keeps the same success level, how many hits should she make in 18 times at bat? Why do authors use irony in fiction and literary nonfiction texts? In the Roman Empire most children received their education from their ___________. A push-cart vendor is selling sodas at the beach. partway into the day, he raises his price per bottle by one quarter. after this price increase, the total dollar amount collected for the day after selling n bottles at the new price is given by the following equation: t = 12 + 1.75n according to this equation, how many bottles did the vendor sell today before raising the price? o a 8 ob. 12 c. 18 d. 21 what is the measure of x Which statement best completes the diagram?Rebellions make Yemenunstable beginning in 2011.A. Iraq invades Yemen in order to take control over its oil fields.B. Saudi Arabia conducts a devastating bombing campaign inYemen.C. The United States attacks Yemen in order to remove its dictator.D. Yemen agrees to become a part of the United Arab Emirates. Choose the correct form of the possessive adjective to complete the sentence, keeping in mind that the subject and the possessor are the same. 1. Nosotros tenemos una clase de espaol juntos. ____ clase es a las 7:30 dela maana los martes y jueves.A. SuB. TusC. NuestraD. Mis Scott rolled a number cube several times and counted how many times he rolled a 3. What is the theoretical probability of Scott rolling a 3 if his number cube is fair? Six people want to share five boxes of raisins. How many boxes of raisins will each person get? 2.Select the correct answer.Which question is most appropriate to ask during the reading of a text?O A. What strategies can I use to help me better understand this section?OB. Why am I reading this text?OC. What is the most important idea for me to remember from this text?ODWhat is the author's purpose in writing this text? Compare and Contrast the worlds of the Athenians & the Fairies in A Midsummer Night's Dream Sandy made several investments. She bought 1000 shares of a companys stock for $8.60/share, she bought a bond with a face value of $2500 and a coupon rate of 7%, and she invested $5000 into a fund that is expected to grow by 3.5% per year.The bond Sandy purchased will mature in 10 years. How much interest will she receive semiannually?How long will it take the fund she invested in to be worth $10,000? Whats the answer? Im confused Read these words from the First Amendment to the Constitution.Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.This amendment guarantees citizens the right tobear arms against the government.establish a national religion.influence their representatives' decisions.vote in elections. Calculate the [H+], given the pH is 2.5 a0.31 M b0.25 M c0.50 M d0.003 M ill give brainly but hurry 7). John had 9 pieces of gum at thebeginning of the day. He now has 8pieces of gum. How much gum didhe eat during the day? Write the equation and the solution. How much power does each brance hold A creation resulting from study and experimentation is: a. pattern. b. replication. c. precedent. d. innovation. Please answer this workout! Ill give brainliest!