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Richie and Cathy play a game of matching fingers. On a predetermined signal, both players simultaneously extend 1, 2, or 3 fingers from a closed fist. If the sum of the number of fingers extended is even, then Richie receives an amount in dollars equal to that sum from Cathy. If the sum of the number of fingers extended is odd, then Cathy receives an amount in dollars equal to that sum from Richie.
Construct the payoff matrix for the game and determine whether the game is strictly determined.
Fiscal Year-End
The conclusion of a 12-month accounting period for which an organization plans its financial reports and statements.
Income Tax Return
A document filed with a government body, outlining income, expenses, and other tax-related information to determine tax liability.
Extension
An allowance for additional time granted by the IRS to file tax returns beyond the original due date.
Charitable Contribution
A donation or gift to a qualified organization that is eligible for a tax deduction.
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