13. Once the customer completes the signature process in the tax office, the tax preparer must print the signed Financial Product Application, as well as all disclosures, Important Information and the Privacy Policy from the tax software. When must these documents be given to the customer?
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Four methods of completing a tax return are: a personal computer (PC), a pocket calculator, a pocket calculator with pencil and paper, a pencil and paper. With a PC, the job takes an hour; with a pocket calculator, it takes 12 hours; with a pocket calculator and pencil and paper, it takes 12 hours; and with a pencil and paper, it takes 16 hours. The $mathrm{PC}$ and its software cost $€ 1,000,$ the pocket calculator costs $€ 10,$ and the pencil and paper cost $€ 1$ a Which, if any, of the methods is technologically efficient? b Which method is economically efficient if the wage rate is $€ 5$ an hour? ii $€ 50$ an hour? iii E500 an hour?
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What type of disclosure or accounting do you believe is necessary for the following items? (a) Because of a general increase in the number of labor disputes and strikes, both within and outside the industry, there is an increased likelihood that a company will suffer a costly strike in the near future. (b) A company reports an extraordinary item (net of tax) correctly on the income statement. No other mention is made of this item in the annual report. (c) A company expects to recover a substantial amount in connection with a pending refund claim for a prior year's taxes. Although the claim is being contested, counsel for the company has confirmed the client's expectation of recovery.
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