Provide an Example of a Company That Uses Social Media

question 15

Essay

Provide an example of a company that uses social media to its advantage.

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Definitions:

Relationship Test

The Relationship Test is an IRS criterion used to determine if a person qualifies as a dependent based on their relationship to the taxpayer.

Head of Household

A tax filing status for unmarried individuals that provides a higher standard deduction and lower tax rates than the Single filing status, if they have a qualifying person living with them.

Standard Deduction

A fixed dollar amount deducted from an individual's taxable income, reducing the amount of income subject to federal income tax, which varies by filing status and is adjusted annually.

Personal Exemption

A deduction allowed by the IRS from taxable income for the taxpayer and each qualified dependent, diminishing until eliminated in tax year 2018 under the Tax Cuts and Jobs Act.