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Mr and Mrs

question 82

Essay

Mr. and Mrs. Lester failed to report a $40,540 capital gain on their 2011 Form 1040. The gross income reported on the return was $169,404, and the return was filed on January 20, 2012. What is the last date on which the IRS can assess additional tax for 2011?


Definitions:

Empirical Rule

A statistical principle that asserts in a normal distribution, almost all of the data is contained within three standard deviations from the mean.

Standard Deviations

Standard deviations are a measure of the amount of variation or dispersion in a set of values, indicating how much the values in a dataset deviate from the mean on average.

GMAT Scores

The results or scores obtained from taking the Graduate Management Admission Test, a standardized test for MBA admissions.

Standard Deviation

The standard deviation is a measure of the amount of variation or dispersion of a set of values.

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