Answered step by step
Verified Expert Solution
Question
1 Approved Answer
[The following information applies to the questions displayed below.] Consider the following narrative describing the process of preparing an income tax return Each year on
[The following information applies to the questions displayed below.] Consider the following narrative describing the process of preparing an income tax return Each year on April 15th, you file your income taxes. You assemble your W-2 and 1099 documents. You download the forms from the IRS website. You fill out the forms and print them out. If you owe money, you write a check while you print the forms. You mail your documents to the IRS. If you are getting a refund, you wait to receive your refund by check and deposit your refund in your bank account . Consider the same narrative as described in the beginning, except that you are using cloud-based tax software. You stili need to assemble your W-2 and 1099 documents, but you no longer need to download IRS forms since the software will prepare the forms for you. Once you complete entering your information, you will file electronically. The IRS sends your refund directly to your bank account. For each step in the diagram from the beginning, enter the appropriate symbol and label. If two events can occur at the same time, enter information for both. The 5th and 8th steps have been entered. Select from the following symbols enter information for both. The 5th and 8th steps Select from the following symbols a. Start Event b. End Event C. Intermediate Event d. Task e. Exclusive Gateway f. Inclusive Gateway g. Parallel Gateway h. Looping Task 1. Intermediate Timer Event j. Intermediate Error Event k. Start Timer Event ces Select from the following labels a. Assemble W-2 and 1099 Forms b. Download IRS forms and instructions c. Fill out forms d. Submit tax return e. Send check f. Receive and Deposit Refund g. Write check X. No label h. Use cloud software (If there is no appropriate label for a particular ste step, select the choice that represents all possible Step Symbol(s) (If there is no appropriate label for a particular step, select 'No label'. If more than one syn step, select the choice that represents all possible choices.) Step Symbol(s) Label(s) 1 2. 3 4 5 Task and Task Submit tax return and Send check 6 7 8 End Event and Task Receive and Deposit Refund and No label 9
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started