The Dot Corporation Has Changed Its Year-End from a Calendar

question 62

Multiple Choice

The Dot Corporation has changed its year-end from a calendar year-end to August 31.The income for its short period from January 1 to August 31 is $54,000.The tax for this short period is:

• A)$2,040
• B)$6,250
• C)$8,667
• D)$10,527

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Definitions:

Intentions

Planned or desired outcomes that an individual seeks to achieve through specific actions.

Actions

Behaviours or deeds performed by individuals in response to external or internal stimuli.

Conformists

Individuals who comply with group norms or standards.

Base Rate Fallacy

The tendency to ignore or underuse base rate information and instead to be influenced by the distinctive features of the case being judged