Under Which of the Following Conditions Must You File a Personal

question 22

Multiple Choice

Under which of the following conditions must you file a personal income tax return?

• A)You acquired capital property during the calendar year.
• B)You have to contribute to the Canada Pension Plan.
• C)You will receive an income tax refund.
• D)You got married,separated,or divorced during the calendar year.

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Definitions:

Output Decreases

A reduction in the amount of goods or services produced by a company or economy over a specific period.

Total Variable Cost

The overall expenses that change in proportion to the level of production or business activity.

Average Fixed Cost

The total fixed costs of production divided by the quantity of output produced, showing the cost of fixed resources per unit of output.

Total Fixed Costs

Expenses incurred by a business that do not vary with the level of production or sales, including lease payments and salaries of permanent staff.