Choose the Word or Phrase in [ ] Which Will

question 67

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.
-The date by which your tax liability must be paid in order to avoid late payment penalties and/or interest is [April 15 | August 15].

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Definitions:

Tangible Capital

Physical assets owned by a firm or individual that are used in the production process, such as machinery, buildings, and equipment.

Intangible Capital

Non-physical assets possessed by a company, such as intellectual property, brand recognition, and goodwill.

Human Capital

The set of skills, knowledge, abilities, and attributes that individuals can use to create economic value.

College Tuition

The charge or fee for instruction at a college, university, or similar educational institution.