Identify Which of the Following Statements Is True

question 16

Multiple Choice

Identify which of the following statements is true.

• A)If a taxpayer fails to file a return, the statute of limitations is extended to 10 years.
• B)If a couple files a joint return but only one spouse had income, only the spouse with income is responsible for paying any tax due.
• C)Joint and several liability means that each spouse is potentially liable for the full amount of tax due.
• D)All of the above are false.

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Definitions:

Sample Proportion

The fraction or percentage of a sample that exhibits a particular attribute or characteristic.

Probability

A measure of the likelihood that an event will occur, ranging from 0 (impossibility) to 1 (certainty).

Population Proportion

The fraction of the population that holds a particular trait, attribute, or characteristic of interest.

Standard Error

An estimate of the standard deviation of the sampling distribution of a statistic, often used to assess the precision of sample estimates of population parameters.