An Extension of the Time to File an Individual Tax

question 25

True/False

An extension of the time to file an individual tax return also extends the time to pay any balance of tax due with the return.

---

Definitions:

Uncertain Income

Income that is not guaranteed or fixed, often subject to fluctuations due to various factors such as employment status, market conditions, or performance.

Marginal Utility

The additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service.

Income

The money received, typically on a regular basis, for work or through investments.

Utils Per Dollar

A hypothetical measurement of the utility or satisfaction a consumer gains from spending one dollar on a good or service.