54. Yongs tax return was audited because he calculated his tax liability incorrectly. What
IRS audit procedure identified his tax return for audit?
All returns are checked for mathematical and tax calculation errors. This process is
referred to as the doc
34. Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from
an investment in City of Heflin bonds. Using the U.S. tax rate schedule, how much
federal tax will he owe? What is his average tax rate? What is his effective tax r
40. Manny, a calendar-year taxpayer, uses the cash method of accounting for his sole
proprietorship. In late December he performed $20,000 of legal services for a client.
Manny typically requires his clients to pay his bills immediately upon receipt. Assu