Ex-Spouses Are Jointly and Severally Liable for Taxes Due on a Joint

question 13

True/False

Ex-spouses are jointly and severally liable for taxes due on a joint return unless the innocent spouse rule applies.

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Definitions:

Natural Monopoly

A monopoly that exists when increasing returns to scale provide a large cost advantage to having all output produced by a single firm.

Network Externalities

The effect that an additional user of a good or service has on the value of that product to others, often positive, as in the case of telecommunications networks.

Monopolist

A monopolist is a single supplier in a market who has significant control over prices and the availability of a product or service.

Economies of Scale

Economies of scale are cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale.