If a Bankrupt Leaves Australia and Fails to Return,their Bankruptcy

question 5

True/False

If a bankrupt leaves Australia and fails to return,their bankruptcy may be extended for eight years from the date of their departure.

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Definitions:

FICA-Medicare

Refers to the portion of the Federal Insurance Contributions Act tax that is allocated to Medicare, funding hospital insurance benefits.

Social Security Administration

A U.S. government agency that administers social insurance programs, including retirement, disability, and survivors' benefits.

Form W-2

Form W-2 is an IRS tax form used in the United States to report wages paid to employees and the taxes withheld from them.

Form W-3

A tax form used in the United States to transmit a summary of W-2 forms to the Social Security Administration.