Which Tax Form Is Generally Used by Taxpayers Whose Filing

question 113

Multiple Choice

Which tax form is generally used by taxpayers whose filing status is married,has no dependents,and whose taxable income if less than $100,000?

• A) 1040
• B) 1040 A
• C) 1040 EZ
• D) 1040 X

---

Definitions:

Sales Budget

A financial plan that estimates the expected revenue from sales for a specific period, taking into account factors like market conditions, historical sales data, and economic forecasts.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period of time, often used by businesses to manage cash flow and ensure liquidity.

Minimum Cash Balance

The smallest amount of cash that a company or individual aims to hold in order to meet expected and unexpected needs.

Loan Interest

The amount charged by a lender to a borrower for the use of borrowed money, calculated as a percentage of the principal.