Advances in tax software such as TurboTax influenced the income tax preparer market in the following...
Advances in tax software such as TurboTax influenced the income tax preparer market in the following way:
| The demand for income tax preparers (the person who calculates and prepares your income tax return) fell and as a result, the wages for tax preparer has increased |
| The demand for income tax preparers (the person who calculates and prepares your income tax return) fell and as a result, there are fewer tax preparer jobs. |
|
The supply for income tax preparers (the person who calculates and prepares your income tax return) fell and as a result, there are fewer tax preparer jobs. As the information technology advances and consumers buy products requiring more and more technology, the wages of people with high level programming and other technical skills would
|
Homework Answers
Q1. Option 2. When individuals can
file income taxes the demand for taxpayers decreased
Q2. Option 1. The demand for programmers increases as they are
needed to run programs which can automate shopping and customers
would get goods at lower prices
Add Answer to:
Advances in tax software such as TurboTax influenced the income
tax preparer market in the following...
Advances in tax software such as TurboTax influenced the income tax preparer market in the following...
Advances in tax software such as TurboTax influenced the income tax preparer market in the following way: O The demand for income tax preparers (the person who calculates and prepares your income tax return) fell and as a result, there are fewer tax preparer jobs. O The supply for income tax preparers (the person who calculates and prepares your income tax return) fell and as a result, there are fewer tax preparer jobs. O The demand for income tax preparers...
An increase in consumer surplus is caused by a price floor. a price ceiling. a move...
An increase in consumer surplus is caused by a price floor. a price ceiling. a move to equilibrium. When describing consumer surplus, you would say it is the extra benefit consumers receive when they ________. pay less than they would have been willing to pay pay exactly what they would have been willing to pay pay more than they would have been willing to pay Advances in tax software such as TurboTax influenced the income tax preparer market in the...
California business owner, Mason, would like to hire an employee who understands income tax return preparation....
California business owner, Mason, would like to hire an employee who understands income tax return preparation. Depending upon their credentials and their role with the company, the new employee may or may not be required to register with CTEC. Which of the following employees would be required to register with CTEC? a) A preparer who prepares and signs returns for an exempt preparer b) An active California CPA c) An employee of a business which is not in the tax...
Macro Qu ×() TurboTax® Tax Preparat? : Topic: Motivation, comm x b4f3f9c7fad71 61487dc413a81 b59e7524/Downloads/Macro%20Quiz%202.pdf D) running...
Macro Qu ×() TurboTax® Tax Preparat? : Topic: Motivation, comm x b4f3f9c7fad71 61487dc413a81 b59e7524/Downloads/Macro%20Quiz%202.pdf D) running high deficits and raising consumer prices 29) When private expenditures spending, this is known as decrease as a result of increased government 29) A) the crowding out effect. B) government deficit spending. C) the stabilizer effect. D) the multiplier effect. 30) If other factors are held constant, what happens when the federal 30) government finances a growing budget deficit by increasing the amount it...
The current economy is strong and many people are feeling confident about their future and ability...
The current economy is strong and many people are feeling confident about their future and ability to pay off debt. Because of this they are taking on more bank loans for things like new cars, renovating their homes, or buying new homes. Using the four step process with this type of market, what will banks most likely do with their loans? They would to decrease the quantity supplied of loans and decrease the interest rate. They would increase the supply...
11. The goals of optimal income taxation include all of the following EXCEPT: a. maximizing tax...
11. The goals of optimal income taxation include all of the following EXCEPT: a. maximizing tax revenue. b. minimizing the distortions due to taxation. c. maximizing the nation's social welfare function. d. achieving vertical equity. 12. Suppose that the elasticities of demand for apples, bananas, and peaches are –0.9, –1.6, and –0.8, respectively. Assume that all else is identical in these three products and that an identical tax is levied on each good. Rank the products from highest to lowest...
1. Which of the following statements about the labor market is (are) correct? (x) The supply...
1. Which of the following statements about the labor market is (are) correct? (x) The supply curve reflects job seekers and the demand curve reflects the jobs that are available. (y) Workers determine the demand for labor, and firms determine the supply of labor. (z) The minimum wage is an example of a price floor because the government has mandated a minimum price of labor. A. (x), (y) and (z) B. (x) and (y) only C. (x) and (z) only...
its mcq and short question answer. 19) If the Consumer Price Index chenges from 120 in...
its mcq and short question answer.
19) If the Consumer Price Index chenges from 120 in year ene to 150 in yeae twe, the rae of inflation in the intervening yenr is A) 10 percent B) 12.5 percet 9 20 percent D) 25 percent E) 30 percent HORT ANSWER. Write the word or phrase that best completes each statement or answers the question. 20 20) The Consumer Price Index tends to the true problem of inflation 28) Suppone that the...
Comprehensive Income Tax Course: Module 1 4. Randy turned 16 last year and had his first...
Comprehensive Income Tax Course: Module 1 4. Randy turned 16 last year and had his first summer job. Even though his parents are claiming him as a dependent he wants to file a return in order to get his refund. He receives his W-2 and decides he can do his own return using form 1040-EZ. Which of the following information is not found on a Form W-2? a) The taxpayer’s Social Security number b) The taxpayer’s wages, tips and other...
Read newspaper article “Cook County sales-tax rate falls” and answer the following questions 1) In 2008,...
Read newspaper article “Cook County sales-tax rate falls” and answer the following questions 1) In 2008, Cook County Board President Todd Stroger passed the sales tax increase to 10.25 percent, a sales tax rate higher than any other large city in America, to increase the tax revenue to support the health care system in Cook County. However, the revenue couldn’t make any payment to the health system. Explain the impacts of tax increase on tax revenue using demand and supply...
Advances in tax software such as TurboTax influenced the income tax preparer market in the following way: O The demand for income tax preparers (the person who calculates and prepares your income tax return) fell and as a result, there are fewer tax preparer jobs. O The supply for income tax preparers (the person who calculates and prepares your income tax return) fell and as a result, there are fewer tax preparer jobs. O The demand for income tax preparers...
Macro Qu ×() TurboTax® Tax Preparat? : Topic: Motivation, comm x b4f3f9c7fad71 61487dc413a81 b59e7524/Downloads/Macro%20Quiz%202.pdf D) running high deficits and raising consumer prices 29) When private expenditures spending, this is known as decrease as a result of increased government 29) A) the crowding out effect. B) government deficit spending. C) the stabilizer effect. D) the multiplier effect. 30) If other factors are held constant, what happens when the federal 30) government finances a growing budget deficit by increasing the amount it...
its mcq and short question answer.
19) If the Consumer Price Index chenges from 120 in year ene to 150 in yeae twe, the rae of inflation in the intervening yenr is A) 10 percent B) 12.5 percet 9 20 percent D) 25 percent E) 30 percent HORT ANSWER. Write the word or phrase that best completes each statement or answers the question. 20 20) The Consumer Price Index tends to the true problem of inflation 28) Suppone that the...
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