When Preparing a Tax Return for a Short Period,the Taxpayer

question 5

Multiple Choice

When preparing a tax return for a short period,the taxpayer should annualize the income if the short period return

• A)is the last return for a decedent who died on June 15.
• B)is the first return for a corporation created on June 1.
• C)is the last return for a partnership,which was terminated on October 12.
• D)is a return for June 1 to December 31,for a corporation changing from a fiscal year to a calendar year.

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Definitions:

Dependence

A condition in which a drug becomes incorporated into the functioning of the body’s cells so that it is needed for “normal” functioning.

Fetal Alcohol Syndrome

A condition resulting from alcohol exposure during the mother's pregnancy, causing brain damage and growth problems in the child.

Fertility

The natural capability to produce offspring, a significant factor in determining the likelihood of reproduction.

Direct Hazard

Pertains to a straightforward risk that arises from a specific source or activity, causing immediate harm or danger to health or safety.