An Aspiration Group Is One

question 43

Multiple Choice

An aspiration group is one:

• A)that a person wishes to be a member of or wishes to be identified with.
• B)that a person knows he or she can never really fit into because of basic cultural differences.
• C)to which a person belongs, including fraternities and social clubs.
• D)that a person wishes to maintain a distance from because of differences in values or behaviours.

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Definitions:

Form 1040

Form 1040 is the U.S. federal income tax form used by individuals to file their annual income tax returns with the Internal Revenue Service (IRS).

Schedule SE

The tax form used by self-employed individuals to calculate the taxes owed on net earnings from self-employment.

Deductible Expenses

Expenses that can be subtracted from gross income to reduce taxable income, including certain business, charitable, educational, and medical expenses.

Hobby

An activity done regularly in one's leisure time for pleasure, which might generate income that is treated differently for tax purposes than income earned from a business.