Examlex
Which of the following statements is true about situation questions used under the SPIN (situations questions,problem questions,implication questions,need payoff questions) technique to identify a prospect's needs?
Taxpayer
An individual or entity that is obligated to make payments to municipal, state, or national governments, including taxes on income, property, or sales.
Single
A tax return designation for single taxpayers who are ineligible for any other filing statuses.
Understatement
The act of reporting less income or overstating deductions than actually occurred, potentially resulting in tax discrepancies.
Tax
A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.
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