Which of the following people is least likely to have to file a federal income tax return?
A) a person earning $8,750
B) a person earning $10, 750
C) a person earning less than $9,600
D) a person over age 65
E) a college student
Correct Answer:
Verified
Q39: The use of legitimate methods to reduce
Q40: An exemption affects a person's tax situation
Q41: Estimated quarterly tax installments must be made
Q42: A person with a total tax liability
Q43: Making use of legitimate methods to reduce
Q45: Capital gains refer to
A)tax-exempt investments.
B)profits from the
Q46: The financial planning objective is to:
A)evade taxes.
B)minimize
Q47: The basic personal amount is
A)the standard deduction.
B)a
Q48: An example of a tax-exempt investment is
A)interest
Q49: An expense that would be included in
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