The Nonbinding,informal Process in Which a Third Party Is Selected

question 52

Multiple Choice

The nonbinding,informal process in which a third party is selected by the disputing parties to attempt to help them reach a mutually acceptable agreement is known as:

• A) conciliation.
• B) negotiation.
• C) consensual arbitration.
• D) compulsory arbitration.

---

Definitions:

Married Filing Jointly

Filing status for married taxpayers who chose to fill out separate income tax returns.

Head of Household

A tax filing status for individuals who are unmarried and provide home support for a qualifying person.

Federal Tax Withheld

The portion of an employee's paycheck that is taken by the employer and sent directly to the federal government as partial payment of income tax.

Tax Refund

The reimbursement of excess taxes paid by a taxpayer to the government over the course of the tax year.