Rodrigo Has $5,000 of State Income Taxes Withheld from His

question 17

Multiple Choice

Rodrigo has $5,000 of state income taxes withheld from his salary during 2016.On his 2016 income tax return,Rodrigo properly deducts the $5,000 as state taxes paid.Upon filing his 2016 state tax return on April 15,2017,he determines that his actual State income tax for 2016 is only $4,100.He receives a $900 refund on May 25,2017 from the amounts withheld by the state.What concept(s) ,construct(s) ,or doctrine(s) dictate that the $900 is included in Rodrigo's 2017 income?
I.Annual Accounting Period Concept.
II.Tax Benefit Rule.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

Identify the characteristics of critical thinking skills as transcontextual.

Understand the influence of unconscious motivations on overt behaviour.

Apply psychological concepts such as behaviour modification to practical scenarios.

Grasp the main focus and historical development of various schools of psychology, including functionalism.

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