Iowa has decided to run a quasi-experiment in regard to a new program to reduce unemployment. Officials think that the new program will increase employment rates and earnings. Two hundred recipients are selected; 144 are randomly assigned to an unemployment program, and 81 are assigned to a control group. By follow-up interviews, the state finds out how much outside income per week is earned on average, by each individual with the following results:
| Unemployment Program | Control Group | |
| Mean | $140 | $100 |
| Std Dev | 132 | 108 |
| n | 144 | 81 |
a. Present a hypothesis and a null hypothesis.
b. Calculate your t-score (involving the overall standard error for
the difference of means);
c. estimate your p-value (using n1+n2-2 for d.f.);
d. State a conclusion in plain English.
In: Statistics and Probability
1. In which of the following would the gain on selling their personal residence would be taxable for federal income tax purposes?
a) After living in his house for 6 years, Fred sold his home
b) After living in her house for 15 months, Gina sold it to move to a nursing home
c) After living in his house for 1 year, Sean sold it because he was relocated by his employer
d) After living in her house for 1 year, Mary sold it
2. Individual taxpayers are not taxed on their cancellation of debt (COD) income if their debt was forgiven as part of bankruptcy proceedings
True or False?
3. In order to promote investment in local government projects, interest earned on municipal bonds are not taxable.
True or False?
In: Accounting
Suppose that the Gross National Income (GNI) per capita for Benin was about 475,000 West African Frank (XOF) in 2020. People in Benin, on average, spend 55% of their income on food. Answer the following questions while considering the exchange rate is 1USD = 600XOF. (Hint: GNI is defined as the total amount of money earned by a nation's people and businesses.)
10. What is the dollar value of annual food and non-food expenditure for an individual in Benin in 2020, on average? Show your work. (5 pts.)
11. If the earnings increase by 10 percent in Benin, people would spend $450 of their income for food. Calculate the new income level and the income elasticity of demand for food in Benin. Determine the type of food based on the income elasticity. Show your work. (9 pts.)
In: Economics
1-What are the components of the Tax Formula?
2-Rita, age 45, earned a salary of $85,000 in the current year. She contributed $4,000 to her traditional Individual Retirement Account (IRA), sold stock held as an investment for a short-term capital loss of $3,000, and paid $5,400 in alimony to her ex-husband (divorce finalized 2018). Determine her Adjusted Gross Income (AGI).?
3. What IRS Form do you file with the Tax Formula?
4. What is Gross Income?
5. What is accrual method of accounting?
6. What is cash receipts method of accounting?
7. What is hybrid method of accounting?
8. Name five income sources.
9. Name seven items specifically included in Gross Income.
In: Finance
Question: A survey was conducted to attempt to determine how many hours the typical worker works during one year in the US. A survey of 33 workers found the mean number of hours worked in a year to be 1784 hours with a standard deviation of 65 hours.
a. Predict the actual mean number of hours worked by a worker in the US. State your answer using appropiate statistical terminology.
b. Explain what this answer means to someone who has never taken statistics, that is avoid statistical jargon and use common language. Use complete sentences.
*note: please give a step by step explanation for explaining what you did and why
In: Math
1. Do you think management accountants are involved in tax planning decisions such as those referred to above?
2. Do you think tax avoidance is ever ethical? Is it sustainable?
Across Europe, just how much – or little – US multi-national firms are paying in taxes is coming under intense scrutiny according to an article published in the Washington Post. Most of the investigations revolve around the issue of ‘transfer pricing’, when one part of a large company sells goods or services to another part of the company. While the US companies say they are paying what they owe, European authorities have argued that many firms have developed complex tax strategies to lower their tax bills, sometimes with the help of countries hungry for the jobs they can bring. Many US multinational corporations have established European headquarters in low-tax countries. Apple runs its European operations from Ireland, which has a 12.5 percent corporate tax rate. In 2005, Amazon set up its European operations in Luxembourg, which is known for striking generous tax arrangements. It is argued that the profits have often been routed through low tax European countries, potentially cheating others nations in which the companies operate. The European Parliamentary Research Service estimates that corporate tax avoidance results in a loss of tax revenue to the EU of about €50 billion to €70 billion each year.
In: Accounting
Read the passage given below, and answer the questions given at
the end. Each answer must be within the
word limit of 50-100 words.
Passage:
Students are responsible for familiarising themselves with the
University Code of Student Conduct, as on
enrollment with the University the student has placed themselves
under the policies and regulations of the
University and all of its duly constituted bodies. Disciplinary
authority is exercised through the Student
Conduct Committee. The Committee has procedures in place for
hearing allegations of misconduct. Copies of
the student conduct code are available at the Student Services
Office.
Academic dishonesty is never condoned by the University. This
includes cheating and plagiarism, which violate
the Student Conduct Code and could result in expulsion or failing
the course.
Cheating includes but is not limited to obtaining or giving
unauthorized help during an examination, getting
unauthorized information about the contents of an examination
before it is administered, using unauthorised
sources of information during an examination, altering or
falsifying the record of any grades, altering or
supplying answers after an examination has been handed in,
falsifying any official University record, and
misrepresenting the facts to get exemptions from or extensions to
course requirements.
Plagiarism includes but is not limited to submitting any paper or
other document, to satisfy an academic
requirement, which has been copied either in whole or in part from
someone else’s work without identifying
that person; failing to identify as a quotation a documented idea
that has not been thoroughly assimilated into
the student's language and style, or paraphrasing a passage so
closely that the reader could be misled as to the
source; submitting the same written or oral material in different
courses without obtaining authorisation from
the lecturers involved; or 'dry-labbing', which includes obtaining
and using experimental data from fellow
students without the express consent of the lecturer, utilizing
experimental data and laboratory write-ups
from other parts of the course or from previous terms during which
the course was conducted, and fabricating
data to fit the expected results.
Questions:
1. Arsal takes help from an online blog for his final essay
assignment. Although he does not copy the
exact words of the blog, the plagiarism check shows more than 60%
plagiarism in his essay. What do
you think could be the reason?
2. If you were in Arsal’s place, what steps would you take to
ensure the absence of plagiarism in your
essay?
3. How does one credit the original source consulted for the
information they have incorporated into
their work?
4. In your opinion, which sources (books, journals, blogs,
websites, social media, newspapers, magazines,
videos, etc.) are more reliable in terms of research and why?
In: Operations Management
Aftron is a very famous US company producing auto
spare parts. They produce parts on large scale
and sells all over the country. Most of the US car manufacturing
industries place orders with them
in advance for the various auto parts. For these advance bookings,
companies make payments for
the pre booking of delivery of parts. Aftron are known for their
efficiency and reliability among
the business communities. One-day news breaks out for the default
of Aftron. The news turned
out as a shock for the auto industries. There seems to be multiple
reasons for the default. In such
a situation it is hard to blame someone for the failure. Investors
are assuming that the financial
statements fail to present the performance of the company. The
disclosures are insufficient in
highlighting the key assumptions and judgements made when
estimating the fair value of assets.
The management of the company blames the financial team and
internal control system. The
financial team are unable to provide realistic calculations to the
management and does not follow
the correct practices.
a. In your opinion, what information could be presented by the
company to cover up their flaws?
Being an internal control officer, what strategy you would follow
to investigate the internally
generated failures?
b. What suggestions would you like to provide to the management to
make themselves aware of
the company’s activities in order to save the Aftron from such
happenings in the future.
In: Accounting
Aftron is a very famous US company producing auto
spare parts. They produce parts on large scale
and sells all over the country. Most of the US car manufacturing
industries place orders with them
in advance for the various auto parts. For these advance bookings,
companies make payments for
the pre booking of delivery of parts. Aftron are known for their
efficiency and reliability among
the business communities. One-day news breaks out for the default
of Aftron. The news turned
out as a shock for the auto industries. There seems to be multiple
reasons for the default. In such
a situation it is hard to blame someone for the failure. Investors
are assuming that the financial
statements fail to present the performance of the company. The
disclosures are insufficient in
highlighting the key assumptions and judgements made when
estimating the fair value of assets.
The management of the company blames the financial team and
internal control system. The
financial team are unable to provide realistic calculations to the
management and does not follow
the correct practices.
a. In your opinion, what information could be presented by the
company to cover up their flaws?
Being an internal control officer, what strategy you would follow
to investigate the internally
generated failures?
b. What suggestions would you like to provide to the management to
make themselves aware of
the company’s activities in order to save the Aftron from such
happenings in the future.
In: Accounting
In: Economics