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MCGRAW HILL'S TAXATION OF INDIVIDUALS 2022 EDITION

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MCGRAW HILL'S TAXATION OF INDIVIDUALS 2022 EDITION

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MCGRAW HILL'S TAXATION OF
INDIVIDUALS 2022 EDITION


Taxesmrinfluencemrpersonalmrdecisionsmrsuchmrasmrwhethermrtomrbuymrormrrentmramrhouse.mr-
mranswers--True




Taxesmraremrvoluntarymrpaymentsmrpaidmrtomramrgovernmentmrformramrspecificmrbenefitmrreceivedm
rbymrthemrspecificmrtaxpayer.mr-mranswers--False




Themrmarginalmrtaxmrratemrismroftenmrusedmrinmrtaxmrplanning.mr-mranswers--True



Jerrymrrecentlymrpaidmr$20mrinmrtollsmrformrthemrFloridamrturnpike.mrThemr$20mrpaymentmrismrconsi
deredmramrtax.mr-mranswers--False



Horizontalmrequitymrmeansmrthatmrtwomrtaxpayersmrwithmrdifferentmramountsmrofmrincomemrshoul
dmrpaymrdifferentmramountsmrofmrtaxmrbutmrfairlymrinmrrelationmrtomrtheirmrabilitymrtomrpay.mr-
mranswers--False




Themrfederalmrincomemrtaxmrismranmrexamplemrofmramrregressivemrtaxmrsystem.mr-mranswers--False



ThemrUSmrFederalmrIncomemrtaxmrismranmrexamplemrofmramrprogressivemrtaxmrsystem.mr-mranswers--
True



Themrgiftmrtaxmrismrimposedmronmrthemrfairmrmarketmrvaluemrofmritemsmrtransferredmruponmrdeath.
mr-mranswers--False

, Themrreducedmrpre-
taxmrratemrofmrreturnmronmrmunicipalmrbondsmrismranmrexamplemrofmranmrexplicitmrtax.mr-
mranswers--False




Themrtaxmrreturnmrfilingmrrequirementsmrformrindividualmrtaxpayersmronlymrdependmronmrthemrtaxp
ayer'smrfilingmrstatus.mr-mranswers--False



Ifmramrtaxpayermrismrduemramrrefund,mrshemrdoesmrnotmrhavemrtomrfilemramrtaxmrreturn.mr-
mranswers--False




IfmrAprilmr15thmrfallsmronmramrSaturday,mrthemrduemrdatemrformrindividualmrtaxmrreturnsmrwillmrbemro
nmrMonday,mrAprilmr17thmr(assumingmritmrismrnotmramrholiday).mr-mranswers--True



Ifmranmrindividualmrtaxpayermrismrunablemrtomrfilemramrtaxmrreturnmrbymritsmroriginalmrduemrdate,mrth
emrtaxpayermrcanmrrequestmranmrautomaticmrnine-monthmrextensionmrtomrfilemrthemrreturn.mr-
mranswers--False




Anmrextensionmrtomrfilemramrtaxmrreturnmrdoesmrnotmrextendmrthemrduemrdatemrformrtaxmrpayments.
mr-mranswers--True




ThemrstatutemrofmrlimitationsmrformrIRSmrassessmentmrgenerallymrendsmrfourmryearsmraftermrthemrd
atemramrtaxmrreturnmrismrfiled.mr-mranswers--False



Formrfraudulentmrtaxmrreturns,mrthemrstatutemrofmrlimitationsmrformrIRSmrassessmentmrismr10mryears
.mr-mranswers--False



ThemrIRSmrDIFmrsystemmrchecksmreachmrtaxmrreturnmrformrmathematicalmrmistakesmrandmrerrors.mr-
mranswers--False

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