Choose the Word or Phrase in [ ] Which Will

question 138

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Your tax filing status [would | would not] be a factor in determining the amount of standard deduction you could take.

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Definitions:

Net Income

The amount of earnings remaining after all expenses, including taxes and interest, have been deducted from total revenues.

Ending Inventory

The total value of all goods available for sale at the end of an accounting period, calculated to evaluate stock levels and assess cost of goods sold.

Consignor

The party in a consignment agreement that provides goods to another party (consignee) to sell on their behalf, retaining ownership until the goods are sold.

Consignee

The individual or entity to whom goods are shipped and who is responsible for receiving the shipment and completing any customs paperwork.