Which of the Following Is a Person Who Has a Duty

question 12

Multiple Choice

Which of the following is a person who has a duty to act primarily for another person's benefit?

• A) Principal
• B) Employer
• C) Fiduciary
• D) Trustor
• E) Benefitor

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Definitions:

Single Taxpayer

A filing status for unmarried individuals that allows them to report their income and deductions on their federal tax return.

Wages

Compensation received by employees for services performed, usually based on hours worked or amount of work done.

Personal Exemption

A specific amount that taxpayers could deduct from their taxable income for themselves and their dependents, applicable in tax years before 2018.

Income Tax Withholding

The practice of deducting income tax from an employee's gross pay on behalf of the government, reducing the amount the employee takes home.