Which of the Following Taxpayers Are Not Required to Make

question 16

Multiple Choice

Which of the following taxpayers are not required to make estimated payments?

• A)A car mechanic who is self-employed and earns $50,000 a year.
• B)A wealthy individual whose earnings are from corporate dividends.
• C)An employee who works at a local department store with appropriate withholding and no other income.
• D)All of these must make estimated payments.

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Definitions:

Quality Cost Report

A document that details the costs associated with preventing, detecting, and correcting defective work in a company.

Warranty Period

The specific time frame during which a manufacturer or seller commits to repair or replace defective products.

Prevention Cost

Expenses incurred to avoid or minimize the number of defects in products, part of quality costs including training, quality planning, and product design.

Quality Cost Report

A financial statement detailing the costs associated with preventing, detecting, and addressing product or service defects.