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Suppose that a friend missed class and asks you to tell him, word for word, about the professor's description of the next assignment. Your description captures the basic message, even though none of your sentences are precisely what your professor said. This phenomenon is a good example of
Single
A tax return designation for single taxpayers who are ineligible for any other filing statuses.
Understatement
The act of reporting less income or overstating deductions than actually occurred, potentially resulting in tax discrepancies.
Tax
A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.
Fraud
Deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.
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