A Single Taxpayer,who Is Not a Dependent on Another's Return,not

question 37

True/False

A single taxpayer,who is not a dependent on another's return,not blind and under age 65,with income of $8,750 must file a tax return.

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses and taxes from total revenue, representing the company's profit.

Outstanding Stock

Capital stock that has been issued and is being held by stockholders.

Weighted-Average Number

A calculation that takes into account the varying degrees of importance of the numbers in a data set, used to find a kind of average that considers weight.

Preferred Stock

A type of stock that grants holders priority for dividend payments and, in some cases, priority in asset liquidation over common stockholders.