Amanda jones is a tax practitioner who is representing sean and diane smith before the wage and investment division of the internal revenue service. the irs is questioning sean and diane on contributions that were listed on their 2018 form 1040. while reviewing the documentation provided by sean and diane, amanda discovers contributions that were made to a non-qualified organization. what is the appropriate action for amanda to take? a. amanda must advise sean and diane on how to keep the inaccuracy from being discovered by the irs b. amanda must advise sean and diane promptly of the inaccuracy and the consequences provided by the internal revenue code and regulations c. amanda must notify the internal revenue service that she is no longer representing sean and diane by withdrawing her form 2848 d. amanda must immediately advise the internal revenue service examiner of the non-qualified contributions

Afirm's before-tax cost of debt, rd, is the interest rate that the firm must pay on debt. because interest is tax deductible, the relevant cost of debt used to calculate a firm's wacc is the cost of debt, rd (1 – t). the cost of debt is used in calculating the wacc because we are interested in maximizing the value of the firm's stock, and the stock price depends on cash flows. it is important to emphasize that the cost of debt is the interest rate on debt, not debt because our primary concern with the cost of capital is its use in capital budgeting decisions. the rate at which the firm has borrowed in the past is because we need to know the cost of capital. for these reasons, the on outstanding debt (which reflects current market conditions) is a better measure of the cost of debt than the . the on the company's -term debt is generally used to calculate the cost of debt because more often than not, the capital is being raised to fund -term projects. quantitative problem: 5 years ago, barton industries issued 25-year noncallable, semiannual bonds with a $1,600 face value and a 8% coupon, semiannual payment ($64 payment every 6 months). the bonds currently sell for $845.87. if the firm's marginal tax rate is 40%, what is the firm's after-tax cost of debt? round your answer to 2 decimal places. do not round intermediate calcu

Conor is 21 years old and just started working after college. he has opened a retirement account that pays 2.5% interest compounded monthly. he plans on making monthly deposits of $200. how much will he have in the account when he reaches 591 years of age?

In a chapter 7 bankruptcy, a debtor: