Gambling Winnings Must Be Reported to the IRS, but Withholding

question 5

True/False

Gambling winnings must be reported to the IRS, but withholding of taxes on winnings is never required.

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Definitions:

Corpus Callosum

The large neural structure containing fibers that connect the right and left cerebral hemispheres.

Frontal

Pertaining to the frontal lobe of the brain, which is involved in executive functions such as decision making, problem solving, and controlling behavior and emotions.

Parietal

Pertaining to the parietal lobe of the brain, involved in processing sensory information regarding the location of parts of the body as well as processing language and mathematics.

Occipital Lobes

The region of the brain located at the back of the head, responsible for processing visual information from the eyes.