Greg Earned $21,500 This Year and Had $1,500 of Federal

question 17

Multiple Choice

Greg earned $21,500 this year and had $1,500 of federal income taxes withheld from his salary. Assuming that Greg is single, 25 years old, and will have a total tax liability of$1,000 (and thus will receive a $500) refund, he:

• A) is required to file a tax return but should not file because he owes no tax.
• B) is required to file a tax return.
• C) is not required to file a tax return but should file a return anyway.
• D) is not required to file a tax return and should not file a return.
• E) None of the choices are correct.

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Definitions:

Risk Technique

Methods or strategies used to identify, assess, and manage potential risks in a project or process to minimize negative outcomes.

Groupthink

A phenomenon where a group makes faulty or ineffective decisions for the sake of reaching a consensus, often suppressing dissenting viewpoints.

Abilene Paradox

A situation where a group of people collectively decide on a course of action that is counter to the preferences of many or all of the individuals in the group because each member mistakenly believes their own preferences are counter to the group's.

Hot Desert

A biome characterized by high temperatures and very low precipitation, making it an extreme environment for plant and animal life.