Examlex

Solved

During 2016,Mark's Employer Withheld $2,000 from His Wages for State

question 90

Multiple Choice

During 2016,Mark's employer withheld $2,000 from his wages for state income tax.Mark claimed the $2,000 as an itemized deduction on his 2016 federal income tax return.His total itemized deductions for 2016 were $9,000.Mark's taxable income for 2016 was a negative $20,000 due to substantial business losses.Mark received the $2,000 as a refund from the state during 2017.What amount must Mark include in income in 2017?


Definitions:

Friedman Test

A test that doesn't rely on parameter-specific data, used to identify treatment variances across several trials.

One-tail

A type of hypothesis test that determines the significance of one end, or tail, of the data distribution.

Two-tail

Pertains to hypothesis tests that consider extreme outcomes in both tails of the distribution, allowing for tests of deviation in two opposite directions.

7-point Scale

A survey response scale that offers seven possible answers, often used to measure opinion or intensity.

Related Questions