Identify Which of the Following Statements Is True

question 9

Multiple Choice

Identify which of the following statements is true.

• A)An individual taxpayer may be subject to a penalty for underpayment of estimated taxes if his balance of tax due when he files is $500.
• B)A penalty for substantial understatement will potentially be assessed on an individual if the underpayment of tax exceeds the greater of 15% of the tax shown on the return or $5,000.
• C)Substantial authority exists for a position that is supported by a decision rendered by the Court of Appeals for the taxpayer's own circuit.
• D)All of the above are true.

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Definitions:

Goals

Objectives or outcomes that an individual or organization is trying to achieve.

Situationism

The belief, held by some psychologists, that behavior is primarily determined by the immediate situation and that personality traits are not very important.

Personality Traits

Enduring characteristics or qualities that define an individual's patterns of thought, emotion, and behavior.

Influence Behavior

The ability to affect the actions, decisions, or thinking of others through persuasion, example, or force of presence.