Dear Ken,

Thank you for your twelfth message.  My comments follow.

Sincerely,

Prof. Sue Stiner

 

Kenichi Ooami wrote:

 

> Dear Prof. Stiner

>

> Thank you for your reply!

>

> Homework

>

>  1. The population of the United States is about 290,000,000 (two

> hundred ninety million).

>     There are about 437,000 (four hundred thirty-seven thousand) CPAs in

> the United States. 

>      One of approximately 670 U.S. citizens is a CPA.

>  

>      A. What is the population of Japan?

>      127,619,000 people

>

>      B. Where did you find your answer?

>

>      C. How many CPAs are there in Japan?

>      14,000 people

>

>      D. Where did you find your answer?

 

Thank you for all your correct answers.

 

>

>  2. Why are there more CPAs per person in the US than in Japan?

>     Japan is difficult.

 

Japan has a system to collect income tax directly from employers.  The

amount collected often equals the amount owed.  The US has a

self-reporting system.  The US government collects some of the tax owed.

 But the amount collected rarely equals the amount owed.  US taxpayers

must file their own tax returns with the government and send the

government the right amount of tax.  Most people use a CPA for that.

>

> 

>  3. How many states require or will require the 150-hour plan?

>    I don't know

 

Click on the "most" link in the "Professional Organizations/State CPA

Societies" section of last week's lesson.  The link takes you to a

webpage with a list of all states that have passed the 150-hour

requirement.  The answer is 48 states:  45 states currently require 150

hours; 3 states will require it soon.

>

>  4. How is the U.S. system of licensing CPAs different from the Japanese

> system?

 

Thank you for this web link!

>

>

>

>

>

> Sincerely,

Ø       Ken

 

 

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