When Preparing a Tax Return for a Short Period,the Taxpayer

question 5

Multiple Choice

When preparing a tax return for a short period,the taxpayer should annualize the income if the short period return

• A)is the last return for a decedent who died on June 15.
• B)is the first return for a corporation created on June 1.
• C)is the last return for a partnership,which was terminated on October 12.
• D)is a return for June 1 to December 31,for a corporation changing from a fiscal year to a calendar year.

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Definitions:

Bones

The rigid organs that constitute part of the endoskeleton of vertebrates, providing support and protection and enabling movement.

Fins

External appendages on fishes and some other aquatic animals, used primarily for movement, steering, and balance in water.

Jawless Fish

Primitive vertebrates lacking jaws, such as lampreys and hagfish, forming the class Agnatha.

Cartilaginous Skeletons

Skeletons made of cartilage rather than bone, common in sharks, rays, and other elasmobranch fish.