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Gretchen's 2015 Tax Return, Due April 15, 2016, Was Filed

question 53

True/False

Gretchen's 2015 tax return, due April 15, 2016, was filed on July 15, 2016. Her tax due with the return was $1,200. Gretchen owes a late filing penalty of $180.

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Definitions:

Powers

In a mathematical context, it refers to the operation of raising a number to a certain exponent. In a general context, it can refer to the capabilities or authorities held by an individual or entity.

Six-Figure Accuracy

Describes a level of precision in calculations or measurements that extends to at least six digits.

Exponent

The number of times that the base is used in repeated multiplication.

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The process of calculating the future value of an investment or loan based on given variables and interest rates.

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