Emma,a Single Taxpayer,obtains Permission to Change from a Calendar Year

question 92

Multiple Choice

Emma,a single taxpayer,obtains permission to change from a calendar year to a fiscal year ending June 30,2017.During the six months ending June 30,2017,she earns $40,000 and has $8,000 of itemized deductions.What is the amount of her annualized income?

• A)$29,975
• B)$64,000
• C)$59,950
• D)$55,900

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Definitions:

Egoistic Suicides

A concept by Emile Durkheim referring to suicides resulting from a lack of integration of the individual into society.

Integrated

Refers to the process of combining or coordinating separate elements to form a cohesive whole.

Rituals

Are prescribed procedures for conducting ceremonial acts, often with a symbolic significance in societies.

Beliefs

Convictions or acceptances that certain things are true or real, often held without immediate evidence.