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:

Expectations

Beliefs or anticipations about the way events or situations are supposed to unfold in the future.

Generativity

A stage in Erik Erikson's theory of psychosocial development usually occurring during middle adulthood, focusing on the desire to produce something that makes a difference to society.

Altruism

The principle or practice of concern for the welfare of others, often characterized by selfless acts or sacrificing personal gain for the benefit of others.

Industry

The production of goods or services within an economy, or more specifically, a sector that produces a particular type or group of products.