There Are No Significant Differences Between a Trial and an Administrative

question 39

True/False

There are no significant differences between a trial and an administrative hearing.

---

Definitions:

Exemption Amount

The portion of an individual's or entity's income that is not subject to tax, reducing taxable income.

Tax Return

The form or forms used to report income and file income taxes with tax authorities, including information on income earned, deductions, and credits claimed.

Taxable Income (TI)

This term refers to the gross income of an individual or corporation, less any allowable tax deductions or exemptions, which is subject to taxation by governmental authorities.

Adjusted Gross Income (AGI)

A measure of income calculated from your gross income and used to determine how much of your income is taxable after certain deductions are applied.