Form 4868,a Six-Month Extension of Time to File,allows a Taxpayer

question 67

Multiple Choice

Form 4868,a six-month extension of time to file,allows a taxpayer to

• A)avoid interest on underpayment of taxes due.
• B)extend the filing date of the return as well as payment of the tax due.
• C)extend the filing date of the return but the estimated amount of tax due must still be paid by the original due date of the return.
• D)extend the filing date only at the discretion of the IRS.

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Definitions:

Monetary Compensation

Financial payment provided to workers for their labor, including salaries, wages, bonuses, and benefits.

Sociability

The quality of being friendly, social, and willing to engage with others in social settings.

Personality Characteristics

Traits and qualities that define an individual's distinct patterns of thoughts, feelings, and behaviors, contributing to their unique identity.

Self-Development

The process of improving oneself through such activities as enhancing employment skills, increasing consciousness, and building wealth.