Question
In: Math
One year, an accountant prepared individual income tax returns for 439 clients. For these individual tax...
One year, an accountant prepared individual income tax returns for 439 clients. For these individual tax returns, completion of the following schedules was required: 298 required schedule A (itemized deductions), 256 required schedule B (interest and ordinary dividends), 167 required schedule C (business income), 212 required schedules A and B, 87 required schedules A and C, 61 required schedules B and C, and 54 required schedules A, B and C. Draw a Venn diagram to illustrate this situation. How many individual tax returns required:
(a) only schedule A?
(b) only schedule B?
(c) only schedule C?
(d) schedules A or C but not B?
(e) A and C but not B?
(f) none of these three schedules?
Solutions
milcah answered 2 years agoRelated Solutions
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U.S. tax returns were prepared by H&R Block. Suppose we
randomly select 3 tax returns.
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one year averaged $1,332 in refunds for taxpayers. One explanation
of this figure is that taxpayers would rather have the government
keep back too much money during the year than to owe it money at
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According to the Internal Revenue Service, income tax returns one year averaged $1,332 in refunds for...
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one year averaged $1,332 in refunds for taxpayers. One explanation
of this figure is that taxpayers would rather have the government
keep back too much money during the year than to owe it money at
the end of the year. Suppose the average amount of tax at the end
of a year is a refund of $1,332, with a standard deviation of $725.
Assume that amounts owed or due on tax...
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