Match Each Term with the Correct Statement Below

question 88

Multiple Choice

Match each term with the correct statement below.
-Fiscal year

• 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.

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Definitions:

Receiver

The individual or group who receives and interprets a message from the sender in the process of communication.

Noise

Is anything that interferes with the effectiveness of communication.

Active Communication

A method of exchanging information that involves proactive engagement and feedback between parties.

Facial Expressions

Visible manifestations of emotions, thoughts, or feelings via movements of the facial muscles.