For the year ended december 31, 2018, fidelity engineering reported pretax accounting income of $996,000. selected information for 2018 from fidelity’s records follows: interest income on municipal bonds $ 35,800 depreciation claimed on the 2018 tax return in excess of depreciation on the income statement 60,700 carrying amount of depreciable assets in excess of their tax basis at year-end 94,500 warranty expense reported on the income statement 28,850 actual warranty expenditures in 2018 17,900 fidelity's income tax rate is 40%. at january 1, 2018, fidelity's records indicated balances of zero and $13,520 in its deferred tax asset and deferred tax liability accounts, respectively. required: 1. determine the amounts necessary to record income taxes for 2018 and prepare the appropriate journal entry. 2. what is fidelity’s 2018 net income?

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported