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Which of the following is correct concerning the effects of playing video games?
Fiscal Year-End
The last day of a company's accounting period, which is used for financial reporting and tax purposes, and can vary between organizations.
Automatic Extension
A provision allowing taxpayers to automatically extend their deadline for submitting tax returns or other required documents, without needing to provide a reason.
Return
A financial document summarizing an entity's income, deductions, and taxes owed over a specific period, often annually.
Subchapter S Election
A tax election made by small businesses to be taxed as a pass-through entity, avoiding double taxation.
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