Quality Checked Tax Service Has Expanded to Eight Offices in Different

question 135

True/False

Quality Checked Tax Service has expanded to eight offices in different parts of a major U.S. city. The owners began 30 years ago, when income tax forms and returns were processed manually and clients waited for weeks or even months for refunds to arrive. By using the latest available software and taking advantage of computerized capabilities, Quality Checked has stayed one step ahead of the national chains and other independent tax services in its market area. In fact, it’s become so successful that management has taken out a state license for selling insurance and investment products to clients, who will pay for these financial products out of their tax returns.
-During tax season,business becomes so hectic that Quality Checked hires temporary workers to prepare returns in their homes.Because these people are contract-labor workers rather than employees,this practice is a form of outsourcing.

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Definitions:

Price Ceilings

A legal maximum on the price at which a good can be sold, often set by government.

Sellers

Sellers are individuals or entities that offer goods or services in exchange for payment.

Price Ceilings

A legal maximum price set by the government for goods or services, intended to protect consumers by preventing prices from rising above a certain level.

Buyers

Individuals or entities that purchase goods or services for personal use, business operations, or for resale purposes.