Which of the following statements is true?
A)Compensation for services includes bonuses and severance pay.
B)Taxpayers who use a Form 1040EZ are not required to report any interest income in excess of $1,500.
C)If income tax withholding is less than the calculated tax liability,there will be tax due with the return.
D)Gross income is the "tax base" used to determine the amount of tax.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is true?
A)Compensation for services includes bonuses and severance pay.
B)Taxpayers who use a Form 1040EZ are not required to report any interest income in excess of $1,500.
C)If income tax withholding is less than the calculated tax liability,there will be tax due with the return.
D)Gross income is the "tax base" used to determine the amount of tax.

Which of the Following Statements Is True