Identify Which of the Following Statements Is True

question 2

Multiple Choice

Identify which of the following statements is true.

• A)A partnership is not required to file a return if the partnership has no income for the year.
• B)The "automatic" extension period for filing an individual return is five months.
• C)Individuals and calendar year-end corporations may obtain six-month extensions for paying taxes and filing their returns for the taxable year by filing the appropriate extension requests.
• D)All of the above are false.

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Definitions:

Nascent Entrepreneurs

Individuals in the process of starting a new enterprise, actively involved in organizing and initiating a business endeavor.

Fear of Failure

The feeling of apprehension or anxiety about the possibility of failing in achieving a goal or task.

Capacity

The maximum amount that something can contain or produce, or the ability of an individual or organization to accomplish a task.

Global Entrepreneurship Monitor

A research program aiming to assess the state of entrepreneurial activities, aspirations, and attitudes across various countries.