Which of the Following Statements Concerning Extensions of Time to File

question 100

Multiple Choice

Which of the following statements concerning extensions of time to file an individual tax return is false?

• A) The extension of time to file does not extend the time for payment of any tax due.
• B) An individual may receive an automatic extension of the filing date without providing any explanation to the IRS.
• C) The extended due date of a calendar-year individual tax return is October 15 of the following year.
• D) An extension request must be filed before the end of the taxable year.

Assess the implications of price controls on consumer and producer surplus.

Understand specific inefficiencies caused by binding price ceilings and floors, like persistent shortages and surpluses.

Identify the conditions under which price controls (ceilings and floors) are considered binding.

Examine the effects of minimum wage policies on employment among skilled and unskilled workers.

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Definitions:

Peak Performance

The state at which an individual is performing to the best of their abilities, often under optimal conditions.

Sympathetic Nervous System

A part of the autonomic nervous system that prepares the body for quick response to stressful situations.

Respiration

The biochemical process in living organisms involving the exchange of oxygen and carbon dioxide between the organism and its environment.

Sympathetic Nervous System

A branch of the autonomic nervous system that activates what is often termed the fight or flight response during times of stress.