Which of the Following Is NOT True of Institutions

question 15

Multiple Choice

Which of the following is NOT true of institutions?

• A)Institutions are defined as rules of behavior for actors.
• B)Institutions include both formal and informal rules.
• C)Institutions can facilitate cooperation.
• D)Institutions can guide the behavior of actors.
• E)Institutions,once established,cannot be changed.

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Definitions:

Federal Individual Income Tax

A tax levied by the IRS on the annual earnings of individuals, estates, and trusts.

1040ES

Form 1040-ES is used by taxpayers to estimate their taxes for the year and make quarterly payments. It is typically used by self-employed individuals or those without sufficient tax withholding.

1040A

A simplified version of the IRS Form 1040 used for individual income tax filing in the United States, applicable for taxpayers with straightforward tax situations.

Married Taxpayer Filing Separately

A tax filing status for married couples who choose to file their tax returns separately.