Canfield Is Single,70 Years Old,and Has No Dependents

question 16

Multiple Choice

Canfield is single,70 years old,and has no dependents.Canfield will not have to file a tax return in 2013 if:
I.his gross income does not exceed $11,500.
II.his only income is $4,000 of self-employment income.

• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Values Orientation

An approach or mindset that prioritizes ethical values and standards in decision-making processes.

Specific Required Conduct

Actions or behavior explicitly demanded or expected from an individual in accordance with certain rules, regulations, or expectations.

Ethics Officer

A professional responsible for developing, implementing, and overseeing policies and procedures to ensure ethical behavior within an organization.

FSGO Guidelines

A set of standards provided by the Federal Sentencing Guidelines for Organizations, aimed at deterring misconduct and promoting ethical behavior in businesses.