A Taxpayer Can Automatically Escape the Penalty for Underpayment of Taxes

question 85

Multiple Choice

A taxpayer can automatically escape the penalty for underpayment of taxes by

• A)owing less than $1,000 in taxes over and above the taxes withheld from wages.
• B)owing taxes in the previous year.
• C)having a casualty loss.
• D)none of the above

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Definitions:

Frontal Lobe

The part of the brain located at the front of each cerebral hemisphere, responsible for motor function, problem solving, spontaneity, memory, language, initiation, judgement, impulse control, and social and sexual behavior.

Parietal Lobe

A region of the brain located behind the frontal lobe, responsible for processing sensory information such as touch, pain, and spatial orientation.

Wernicke's Area

A region of the brain concerned with the comprehension of language, located in the cortex of the dominant temporal lobe.

Broca's Area

An area located in the dominant hemisphere's frontal lobe, typically on the left side, of the brain, associated with the generation of speech.