In Which of the Following Situations Is the Taxpayer Not

question 6

Multiple Choice

In which of the following situations is the taxpayer not required to file a 2014 income tax return?

• A)When an individual has a current year income tax refund and would like to obtain it.
• B)When the taxpayer is a single 67-year-old with wages of $9,800.
• C)When the taxpayer is a 35-year-old head of household with wages of $16,800.
• D)When the taxpayer is a 79-year-old widow with wages of $16,500.
• E)When the taxpayers are a married couple with both spouses under 65 years old with wages of $23,000.

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Definitions:

Shareholders

Individuals or entities that own shares in a company, giving them partial ownership and possibly voting rights.

Strategic Fit

The degree to which an organization's strategies align with its external environment and internal capabilities.

Divestiture

Getting rid of a business unit. The reverse of an acquisition.

High Debt

A situation where an individual or organization carries a heavy financial obligation, often measured relative to income or assets, which can lead to increased risk and financial strain.