A structure that shows the different levels of an organization and the relationships between the departments and their tasks
What is an organization chart?
100
April 15, 2015
What is the deadline for tax forms?
100
One owner
What is sole proprietorship?
100
Which of the following ownerships has this advantage: If the business is sued, the owner is also liable to be sued as well
What is sole proprietorship or partnership?
100
Which of the following ownerships has this disadvantage: There is a double taxation on the company and the partners
What is a C Corporation?
200
Details the strengths, weaknesses, opportunities, and threats of a business
What is a SWOT analysis?
200
Report wage and salary information for employees. In addition, these forms report the amount of federal, state and other taxes withheld from your paycheck
What are tax forms?
200
Two or more partners
What is a partnership?
200
Which of the following ownerships has this advantage: Complete control over business, and no corporate tax payments
What is sole proprietorship?
200
Which of the following ownerships has this disadvantage: There are stock ownership restrictions
What is a S Corporation?
300
A blueprint for operating the business that contains an executive summary, business description, marketing strategies, and financials.
What is a business plan?
300
W-2, W-4, 1040EZ, 1040
What are tax forms?
300
A company taxed separately from its owners
What is a C-Corporation?
300
Which of the following ownerships has this advantage: More people to divide tasks and work together
What is a partnership?
300
When an ownership's legal liability is separate from the owners
What is a corporation?
400
Includes assets and liabilities needed at the start phase of a business. Ex. Cost of renting a building
What are start-up costs?
400
In order to complete tax returns which determine whether you still owe more taxes or you should be given a refund
What is the purpose of a tax form?
400
A company that is taxed with its owners (acts like a sole proprietorship for tax purposes)
What is a S-Corporation?
400
Which of the following ownerships has this advantage: There’s limited liability and no limit on the # of shareholders
What is a C Corporation?
400
Overall description of a business
What is an executive summary?
500
Used for communication between the various departments, planning for the various department tasks, and management and execution of these department tasks.
What is a business plan?
500
Contain information regarding income documentation, prior tax payments, reporting deductions and credits, and interest and dividend income
What information is in a tax form?
500
Two different ownerships where owner(s) have full liability
What is sole proprietorship and partnership?
500
Which of the following ownerships has this advantage: Assets are protected, so not held liable