An Extension to File a Tax Return Does Not Extend

question 101

True/False

An extension to file a tax return does not extend the due date for tax payments.

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Definitions:

Financial Managers

Professionals responsible for managing the financial health of an organization, including planning, organizing, controlling, and monitoring financial resources.

Time-Weighted Returns

An investment performance measure that eliminates the influence of cash flows into or out of the portfolio, focusing solely on the manager's performance.

Geometric Average Return

The average rate of return on an investment that is compounded over multiple periods, considering the compounding effect.

Compounding

The process where the value of an investment increases because the earnings on an investment, both capital gains and interest, earn interest as time passes.