Because the Taxation Year of an Individual Must Be Based

question 96

Essay

Because the taxation year of an individual must be based on the calendar year, all individ- uals will have the same filing due date.

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Definitions:

Unrealistic Optimism

An expectation that leans excessively towards favorable outcomes, often underestimating risks and overestimating benefits.

Reality Shock

The stress or disorientation that people feel when they encounter a very different environment from what they expected or are accustomed to.

Overcoming Resistance

The process of addressing and mitigating opposition or reluctance, particularly in the context of change management or innovation adoption.

Prevention

An approach or action taken to stop something from happening or arising.