Probability of an irs audit

Assignment Help Business Management
Reference no: EM131235855

Suppose the probability of an IRS audit is 1.8 percent for U.S. taxpayers who file form 1040 and who earned $100,000 or more.

(a) What are the odds that such a taxpayer will be audited? (Round your answers to the nearest whole number.)

Odds that a taxpayer will be audited to

(b) What are the odds against such a taxpayer being audited? (Round your answers to the nearest whole number.)

Odds against a taxpayer being audited

Reference no: EM131235855

Questions Cloud

Number of calls the salesperson makes : A tele marketing wants to know if sales go up as they call more people per day but spend less time per call. The following is data from nine randomly selected days. The information is the number of calls the salesperson makes in a day and the tota..
How may seeded faults does the richards formula require : If for some reason you do not intend to find all seeded faults, how may seeded faults does the Richards formula require?
Calculate the quoted futures price for the contract : The conversion factor for the bond is 1.5. The current quoted bond price is $110. Calculate the quoted futures price for the contract.
What is the future value at the end of year ten of series : What is the future value at the end of year 10 of a series of 8 deposits? the first deposit occurs at the end of year 3 and is $400. the remaining deposits increase by $100/year (so the last deposit will be $1100 and will occur at the end of year 10)..
Probability of an irs audit : Suppose the probability of an IRS audit is 1.8 percent for U.S. taxpayers who file form 1040 and who earned $100,000 or more. (a) What are the odds that such a taxpayer will be audited? (Round your answers to the nearest whole number.)
Does your analysis change the way we read the novel : Consider the following question when developing your thesis: why should the reader of your paper care about the claims your making? Does your analysis change the way we read the novel
An investor is looking for arbitrage opportunities : What complications are created by the fact that the party with a short position can choose to deliver any bond with a maturity of over 15 years?
What is the present value of all your profits : Your business is expected to generate a $40.000 profit at the end of year 1 and profit will increase by 10% per year through year 10. if you can earn 5% annual interest compounded annually, what is the present value of all your profits over the next ..
What elements of the message are most persuasive then : In what ways do you think the Elaboration Likelihood Model applies to a recent ad that you have seen? If you are highly involved with a particular product, do you care about the expertise of who is delivering a message? Would you have the same att..

Reviews

Write a Review

Business Management Questions & Answers

  Sampling distribution-confidence interval

(Sampling distribution & confidence interval) A random variable has a population mean equal to 1,573 and population variance equal to 952,021.

  Explain the environmental aspects that mcdonald

Explain the environmental aspects that McDonald's needs to consider and reevaluate. Discuss the product and consumer related factors that McDonald's should take into account in order to compete successfully in the European fast food sector.

  Provide background information on the company

Select a company that filed for Chapter 11 reorganization. Provide background information on the company, the target market, and the product sold. Infer the key economic factors that caused the company to file for Chapter 11 reorganization.

  Mechanical for full page

Briefly describe what would be found in a "mechanical" for a full page, full color magazine print ad-Finally, suggest a celebrity "spokesperson" that we could use in the ad, money is no object.

  Result of authorized legal acts

An employer has a duty to indemnify, or compensate an employee for any losses suffered as a result of authorized legal acts that the employee performs under the employment agreement.

  Describe one type of health inequality

Describe one type of health inequality/inequity that is seen in healthcare that also has an ethical consideration? What ethical principle(s) (i.e. beneficence, justice, non-maleficence, autonomy) would you need to support

  Manager of a horizontally structured group

Indicate which tasks below a manager of a horizontally structured group is likely to do more of and which less of compared to a counterpart-manager of a vertically structured group. Briefly write the reasons for your choices.

  Tremendously competitive organizational culture

You work as a forecaster in the marketing department for Springfield International (SI). SI utilizes a weak matrix to develop new services. Management has created a tremendously competitive organizational culture that places an emphasis upon achie..

  Which of these common problems did you encounter most often

Imagine you were developing a software package for your industry's intranet. Provide e.g. of the various types of costs (labour, materials, equipment also facilities, subcontractors, etc.) also explain how they would apply to your project.

  How can i evaluate the following evaluation plan define the

how can i evaluate the following evaluation plan? define the elements that are present. describe those that are missing

  What are the implied warranties?

What are the implied warranties? What are the express warranties?

  Key areas covered by the estate agents act and regulations

List three key areas covered by the Estate Agents Act and Regulations. List three key areas covered by the Sale of Land Act Regulations.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd