Taxes - May 2007

a researcher is interested in the amount of state and federal income generated as a result of audits performed by the IRS. in a random sample of 50 income tax returns, the amount due after an audit averaged $880.22 with a standard deviation of $210.71.

1. construct a 98% confidence interval for the true standard deviation of the amount due on an income tax return after such an audit.
2. a representative of the IRS claims that performing audits has helped to recover a significant amount of money and that the average amount due after an audit is more than $800. Test the IRS's claim at a=.02.
i tried to solve this question during 2 hours. please i need your help!!! thx a million!

2007-05-20 00:21:56 · 2 answers · asked by Anonymous in United States

Do tenants in rented property pay the annual property taxes or would the owner of the property pay it (even if they were not resident in that property)?

2007-05-19 22:20:51 · 2 answers · asked by blah1234 2 in United States

How does sales tax work when buying a property in Nevada? If I bought a property and then let it out to tenants would I pay sales tax on just the purchase of the property or would I have to pay sales tax on anything else in relation to the property (ie rental income or selling the property)? thanks

2007-05-19 22:19:08 · 1 answers · asked by blah1234 2 in United States

2007-05-19 21:33:46 · 7 answers · asked by Chris G 2 in United States

if a person has a theft charge and was giving a sis and the company has already written off the loss from taxes can they still collect restitution from a person. I thought it would be illegal for the to double collect

2007-05-19 16:16:27 · 4 answers · asked by confused 1 in United States

Does anyone know what happens if someone has a federal tax lien against them and they die?

2007-05-19 15:13:45 · 2 answers · asked by sickoflies 2 in United States

http://www.youtube.com/watch?v=zsZO6G7dfpI

This film has disturbed me to my core. It has consumed since I first saw it about a week ago. I spend no less than 3 hours a night looking for proof that we HAVE to pay federal income tax, all I seem to find is more evidence that it us unconstitutional.

2007-05-19 10:58:44 · 9 answers · asked by danpauselius 2 in United States

and if so im assuming the gov. gets there cash at closing right?

2007-05-19 09:42:09 · 6 answers · asked by Anthony C 1 in United States

For the future test for VAT registration, where you expect taxable supplies to exceed £61,000 in the next month,

does that mean taxable supplies for the whole year up to that point,
or just supplies in that one month?

2007-05-19 09:09:15 · 4 answers · asked by Wax Crayon 4 in United Kingdom

2007-05-19 08:56:13 · 3 answers · asked by corky65051 1 in Other - Taxes

my girlfriend has a child and i took care of her most of the year, however the child does not have a social security number i want to know if i can still put her on my taxes as a dependent or not,if so is there anything i need to do

2007-05-19 08:56:10 · 8 answers · asked by Anjelito 1 in United States

2007-05-19 08:47:13 · 3 answers · asked by eddie_kane2 1 in United States

to have ready(stuff i need to do) so that when tax time comes around, i will be prepared and can file taxes easily.

2007-05-19 08:46:48 · 6 answers · asked by Dan 2 in United States

we wouldnt be claiming any other benefits, we have 3 children all under 8yrs

2007-05-19 08:36:54 · 11 answers · asked by meeeeee 2 in United Kingdom

I live in Georgia and I found that I don't have to pay tax to amazon.com, but I do for other online stores. Does anyone know if just because Apple is in California, I don't have to pay tax, or if they have a store in Georgia I would have to pay tax.

Has anyone in Georgia ever purchased something from Apple?

2007-05-19 07:54:27 · 3 answers · asked by Reed 2 in United States

2007-05-19 07:44:42 · 2 answers · asked by sarahbearqt 1 in Canada

i was informed that i won 1,000,000.00 great britain pounds, which converts over to $1,975,055.05. Now i have to pay $850 ( mailing, insurance coverage )
from great britain to recieve my winnings from over sea. Is there anybody out there who has heard of this online lottery & is it real? The officials of this lottery assure me this is very legitiment. But i'm scared to spend $850 on something that is not real, if it is than my life will change for the good.

2007-05-19 07:29:20 · 18 answers · asked by Anonymous in United Kingdom

With the taxes and fees being that huge it is even harder to do a good job by investing in the Stock Market. A year ago I couldn't find any US institution allowing me to invest because of my condition (being Mexican). They state that I must -at least- live at the US (what I can't at this moment). So, my question is about any institution that would offer a solution for me, allowing to invest in the Stock Market from Mexico (paying by credit card, paypal or whatever). Thanks.

2007-05-19 07:15:50 · 4 answers · asked by Giovanni 1 in United States

2007-05-19 07:06:04 · 3 answers · asked by Anonymous in United States

2007-05-19 07:04:21 · 4 answers · asked by Anonymous in United States

I am loaning my parents $25K to pay off some land. I dont expect any income or interest out of this. But, if the business is really profitable then I would like to stay as a partner and get a monthly profit. If its just doing alright, they will pay me the $25K in 2 yrs. Im looking more into getting the $25K back.

2007-05-19 06:46:09 · 4 answers · asked by nena 2 in United States

2007-05-19 05:59:47 · 5 answers · asked by Mark D 1 in United States

I heard that you need to own a home for three years in order to avoid tax penalties...

2007-05-19 05:58:22 · 4 answers · asked by Babes 2 in United States

i have a transaction via sureguard holdings ltd.i havent heard from them since friday may 4,2007,i emailed them 4 times and i dont get any reply, this is very unusual.i needed some clarifications ,therefore i am asking for better contacts ie. names and telephone numbers.i wonder if i can find answers

2007-05-19 02:49:05 · 2 answers · asked by zuzu4252 1 in United States

Recently I have registered myself with the PayPerPost. But I am facing a problem here. I don't know where to get the social security number for tax. Is there anyone kind to tell me? For your information, I am a Malaysian.

2007-05-19 01:31:27 · 5 answers · asked by codes1986 1 in United States

2007-05-19 00:48:51 · 4 answers · asked by billykneitz@sbcglobal.net 1 in United States

2007-05-18 23:04:03 · 2 answers · asked by Christopher F 1 in United States

2007-05-18 22:51:06 · 3 answers · asked by Anonymous in United Kingdom

I am Europian student and I will work in one town in New York state during summer vacation. I want to know something about taxes %... federal and state...
How much it will be taken out from my selary?
Hope you understand what I mean...

2007-05-18 22:48:22 · 3 answers · asked by milica 2 in United States

Anyone know how do entitlements impact discretionary spending in the annual budget?

2007-05-18 21:14:34 · 1 answers · asked by Anonymous in United States