Which of the Following Statements Is True

question 33

Multiple Choice

Which of the following statements is true?

• A)Compensation for services includes bonuses and severance pay.
• B)Taxpayers who use a Form 1040EZ are not required to report any interest income in excess of $1,500.
• C)If income tax withholding is less than the calculated tax liability,there will be tax due with the return.
• D)Gross income is the "tax base" used to determine the amount of tax.