Phyllis, a Calendar Year Cash Basis Taxpayer Who Itemized Deductions

question 98

True/False

Phyllis, a calendar year cash basis taxpayer who itemized deductions totaling $20,000, overpaid her 2016 state income tax and is entitled to a refund of $400 in 2017. Phyllis chooses to apply the $400 overpayment toward her state income taxes for 2017. She is required to recognize that amount as income in 2017.

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Definitions:

Psychoanalytic Psychologists

Professionals who study and practice psychoanalytic theories, focusing on the unconscious mind, childhood experiences, and how these influence behavior and mental states.

Scientific Method

A systematic and logical approach to discovering how things in the universe work, involving observation, hypothesis formation, experimentation, and conclusion to validate results.

Oedipal Crisis

Oedipal Crisis, a concept in Freudian psychoanalytic theory, is a stage in the psychosexual development of boys typically between ages 3 and 6, where they experience desire for their mother and jealousy towards their father.

Freudian Ideas

Theories developed by Sigmund Freud that focus on unconscious motives and conflicts as determinants of human behavior.