Taxpayer T, a Taxicab Operator, Filed His 2011 Tax Return

question 14

True/False

Taxpayer T, a taxicab operator, filed his 2011 tax return on April 15, 2012.If T inadvertently omitted $1,800 (average gross income for one month) from the return, the statute of limitations is extended to April 15, 2018.

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Definitions:

Pearson r

A measure of the linear correlation between two variables X and Y, ranging from -1 to 1, where 1 means total positive linear correlation, 0 means no linear correlation, and -1 means total negative linear correlation.

Number of Victimizations

A statistical measure that indicates the count of instances in which individuals or entities have suffered from criminal acts or harm.

Slope

The rate of change or gradient of a line on a graph, representing the relationship between two variables in linear regression analysis.

Regression Equation

A formula that describes the relationship between one dependent variable and one or more independent variables, used to predict the value of the dependent variable.