Mr Hepp, a Self-Employed Consultant, Failed to Include a $38,200

question 74

Multiple Choice

Mr. Hepp, a self-employed consultant, failed to include a $38,200 income item on his 2012 Form 1040, which he filed on March 9, 2013. The gross income reported on the return was $102,380. What is the latest date that the IRS can assess any additional 2012 tax?

• A)March 9, 2016
• B)April 15, 2016
• C)March 9, 2019
• D)April 15, 2019

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Definitions:

Instinct

A natural and usually unchanging behavioral pattern exhibited by animals when exposed to specific triggers.

Optimum Arousal

The level of mental stimulation at which a person performs best, varying from one individual to another.

Hierarchy Of Motives

A theory suggesting that human needs are arranged in a hierarchy, with basic needs being addressed before higher-level needs.

Drive-Reduction Theory

A theory suggesting that behavior is driven by the need to reduce drives such as hunger, which creates a state of tension.