Match Each Term with the Correct Statement Below

question 146

Multiple Choice

Match each term with the correct statement below.
-Taxable entity

• 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:

Community Ties

The bonds and relationships between individuals in a community that foster a sense of belonging and mutual support.

Mass Society

A concept describing a society in which industrialization and mass media have weakened traditional social ties and anonymity prevails, leading to a homogeneous culture.

Value-Added

The enhancement a company gives its product or service before offering the product to customers.

Resource Mobilization

A theory in social movements indicating that the success of social movements depends on the resources available to them, including money, labor, and the organizational capacity to utilize them.