Discuss career options for accounting graduates who particularly enjoy preparing tax returns.
Discuss career options for accounting graduates who particularly enjoy preparing tax returns.
Homework Answers
Accounting Graduates can go for following career option:-
| Stream | Total Cost of the course | Duration of the course (Years) | Cost per year | Estimated earing p.a. after completion of course |
| Certified Public Accountant (CPA) | $ 6,670.00 | 5 | $ 1,334.00 | $ 16,670.00 |
| Certified Management Accountant (CMA) | $ 1,670.00 | 4 | $ 417.50 | $ 11,670.00 |
| Lecturer/Professor | $ 1,670.00 | 3 | $ 556.67 | $ 10,000.00 |
| Banker | $ 830.00 | 2 | $ 415.00 | $ 8,330.00 |
| Government Jobs | $ 830.00 | 2 | $ 415.00 | $ 15,000.00 |
| Human Resource Development Management | $ 1,670.00 | 3 | $ 556.67 | $ 11,670.00 |
| Legal Adviser/Attorney | $ 1,670.00 | 2 | $ 835.00 | $ 8,330.00 |
| Chief Accountant/Chief Internal Auditor | $ 830.00 | 3 | $ 276.67 | $ 10,000.00 |
| Market Researcher | $ 1,670.00 | 3 | $ 556.67 | $ 15,000.00 |
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Discuss career options for accounting graduates who particularly
enjoy preparing tax returns.
Describe a job/career that one could obtain with a degree in accounting. For your initial posting,...
Describe a job/career that one could obtain with a degree in accounting. For your initial posting, you can talk about a friend, family member, or acquaintance who has an accounting job. Discuss what that person does and your perception of that career. If you do not know anyone who has an accounting degree, research online about accounting careers and the different fields of accounting and write about a possible job an accounting graduate could get. Find a job listing on...
Ceradyne Tax Service prepares tax returns for small businesses. The cost of preparing 800 tax returns in the prior year...
Ceradyne Tax Service prepares tax returns for small businesses.
The cost of preparing 800 tax returns in the prior year
was:
Direct labor
$
332,000
Variable overhead
312,000
Fixed overhead
248,000
Total cost
$
892,000
At the start of the current year, the company received an offer
from Advantage Business, a firm that provides bundled services to
businesses. Advantage wants Ceradyne Tax Service to prepare tax
returns for its 120 small-business clients. Ceradyne Tax Service
has the capacity to prepare...
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brief summary answering this questions: Who must file? Identifying individuals who must file tax returns? Determine filing status and understand the calculation of tax according to filing status. Discuss various filing status.
Will Jones, Pharoah is a small CPA firm that focuses primarily on preparing tax returns for...
Will Jones, Pharoah is a small CPA firm that focuses primarily on preparing tax returns for small businesses. The company pays a $486 annual fee plus $11 per tax return for a license to use Mega Tax software. (a) What is the company’s total annual cost for the Mega Tax software if 316 returns are filed? If 408 returns are filed? If 524 returns are filed? Total cost for 316 returns $enter a dollar amount Total cost for 408 returns...
Exercise 8-7 Ceradyne Tax Service prepares tax returns for small businesses. The cost of preparing 800 tax returns in th...
Exercise 8-7 Ceradyne Tax Service prepares tax returns for small businesses. The cost of preparing 800 tax returns in the prior year was: Direct labor $ 332,000 Variable overhead 312,000 Fixed overhead 248,000 Total cost $ 892,000 At the start of the current year, the company received an offer from Advantage Business, a firm that provides bundled services to businesses. Advantage wants Ceradyne Tax Service to prepare tax returns for its 120 small-business clients. Ceradyne Tax Service has the capacity...
Will Jones, Oriole is a small CPA firm that focuses primarily on preparing tax returns for...
Will Jones, Oriole is a small CPA firm that focuses primarily on preparing tax returns for small businesses. The company pays a $680 annual fee plus $10 per tax return for a license to use Mega Tax software. (a) What is the company's total annual cost for the Mega Tax software if 200 returns are filed? If 340 returns are filed? If 500 returns are filed? $ Total cost for 200 returns Total cost for 340 returns Total cost for...
Will Jones, Pharoah is a small CPA firm that focuses primarily on preparing tax returns for...
Will Jones, Pharoah is a small CPA firm that focuses primarily on preparing tax returns for small businesses. The company pays a $413 annual fee plus $11 per tax return for a license to use Mega Tax software. (a) What is the company's total annual cost for the Mega Tax software if 324 returns are filed? If 436 returns are filed? If 516 returns are filed? ch- pre turn Total cost for 324 returns hel Total cost for 436 returns...
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#3) (1 mark) You're an accountant preparing tax returns for your clients. One of your clients...
#3) (1 mark) You're an accountant preparing tax returns for your clients. One of your clients stated that they did not have the money available to pay their taxes owing. Therefore, they instructed you to not file their return yet. Comment on whether or not this is a prudent decision and what impact there is on not filing their tax return before the deadline.
Ceradyne Tax Service prepares tax returns for small businesses.
The cost of preparing 800 tax returns in the prior year
was:
Direct labor
$
332,000
Variable overhead
312,000
Fixed overhead
248,000
Total cost
$
892,000
At the start of the current year, the company received an offer
from Advantage Business, a firm that provides bundled services to
businesses. Advantage wants Ceradyne Tax Service to prepare tax
returns for its 120 small-business clients. Ceradyne Tax Service
has the capacity to prepare...
Will Jones, Oriole is a small CPA firm that focuses primarily on preparing tax returns for small businesses. The company pays a $680 annual fee plus $10 per tax return for a license to use Mega Tax software. (a) What is the company's total annual cost for the Mega Tax software if 200 returns are filed? If 340 returns are filed? If 500 returns are filed? $ Total cost for 200 returns Total cost for 340 returns Total cost for...
Will Jones, Pharoah is a small CPA firm that focuses primarily on preparing tax returns for small businesses. The company pays a $413 annual fee plus $11 per tax return for a license to use Mega Tax software. (a) What is the company's total annual cost for the Mega Tax software if 324 returns are filed? If 436 returns are filed? If 516 returns are filed? ch- pre turn Total cost for 324 returns hel Total cost for 436 returns...
#3) (1 mark) You're an accountant preparing tax returns for your clients. One of your clients stated that they did not have the money available to pay their taxes owing. Therefore, they instructed you to not file their return yet. Comment on whether or not this is a prudent decision and what impact there is on not filing their tax return before the deadline.
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