Who Would Be Most Likely to Have to Pay Estimated

question 114

Multiple Choice

Who would be most likely to have to pay estimated taxes?

• A) insurance salesman
• B) teacher
• C) corporate manager
• D) state worker
• E) state police

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Definitions:

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting, which may not coincide with the calendar year.

Accrued Interest

The interest that has been incurred but not yet paid on a loan or bond.

Fiscal Year

A 12-month period used for accounting and financial reporting purposes, which may or may not align with the calendar year.

Alternative Financing Plans

Various funding options available to a business beyond traditional bank loans, including leasing, factoring, and crowdfunding.