For the 2014 Tax Returns, Indicate When the Statute of Limitation

question 14

Essay

For the 2014 tax returns, indicate when the statute of limitation expires and why.
a. Phoenix filed his tax return on February 28, 2015.
b. Jill and Randy filed their tax return on August 16, 2015.
c. Although required to file, Catherine chose not to file a tax return this year because she was expecting a tax refund and could not pull together all the information needed to file the return.
d. Jerry filed his tax return on May 22, 2015 but has accidentally underreported his taxable income by 30%.

Understand the assumptions and conditions such as normality and equality of variances for performing a t-test for independent means.

Recognize how the choice of alpha level influences hypothesis testing and understand the reasons for adjusting it.

Know the importance of reporting detailed results of a t-statistic, including group means and inferential statistics details.

Grasp the distinction between directional and non-directional alternative hypotheses and its impact on hypothesis testing.