Comment on Your Level of Knowledge to Prepare Your Taxes

question 57

Essay

Comment on your level of knowledge to prepare your taxes. Do you need to hire an accountant or can you prepare your taxes manually? Are you going to invest in any software that helps you prepare your tax return? Will you use NETFILE?

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Definitions:

TOTE

The self-regulation feedback loop of Test, Operate, Test, Exit.

Evaluate

To assess or examine something in order to understand its value, importance, or condition, often leading to a judgment.

Error Management Theory

The idea that both men and women seek to minimize the most costly type of error, but that men’s and women’s goals, and hence worst errors, differ.

Certainty Effect

In decision making, the greater weight given to definite outcomes than to probabilities.