Which of the Following Is Not an Unusual Item

question 189

Multiple Choice

Which of the following is not an unusual item?

• A) a segment of the business being sold
• B) corporate income tax being paid
• C) a change from one accounting method to another acceptable accounting method
• D) closure of all outlet stores

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Definitions:

AGI

Adjusted Gross Income, which is gross income minus certain adjustments, used as a baseline for calculating taxes owed.

Married Filing Joint

A tax filing status for married couples who choose to file a single tax return jointly, combining their incomes, exemptions, deductions, and credits.

Earned Income Credit

A refundable tax credit for low- to moderate-income working individuals and families, especially those with children.

Taxpayers With Children

Individuals or entities responsible for paying taxes who have children, potentially qualifying for specific tax benefits or deductions.