Match Each Term with the Correct Statement Below

question 32

Multiple Choice

Match each term with the correct statement below.
-Assignment of Income

• A)Allocates income, losses, and deductions to its owners for inclusion in their personal returns.
• B)Each tax unit must keep separate records and report the results of its operations separate and apart from other tax units.
• C)Income from services must be taxed to the taxpayer rendering the service and income from property must be taxed to the owner of the property.
• D)Any tax year that ends on the last day of a month other than December.
• E)All taxpayers must report the results of their operations on an annual basis.
• F)A tax year that ends on December 31.
• G)A tax entity that is liable for the payment of tax.

---

Definitions:

Settlement Fails

Occurrences in securities trading where a trade cannot be settled as scheduled due to reasons like insufficient funds or securities.

"Right to Sue" Letter

A document issued by the Equal Employment Opportunity Commission allowing a claimant to sue in federal court after an EEOC investigation of a complaint.

Reasonable Accommodation

Adjustments or modifications provided by employers to enable employees with disabilities to perform their job duties effectively.

Employment Law

A branch of law that addresses the legal rights and obligations of both employees and employers.