Your friend Edgar has just finished his first yearworking full-time, and comes home beamingwith an envelope from the IRS, which has senthim a check for $650 after he sent in his tax forms.Explain to Edgar why this does not mean that hedidn’t pay taxes.
Your friend Edgar has just finished his first yearworking full-time, and comes home beamingwith an envelope from the IRS, which has senthim a check for $650 after he sent in his tax forms.Explain to Edgar why this does not mean that hedidn’t pay taxes.
Chapter8: Taxation Of Individuals
Section: Chapter Questions
Problem 58IIP
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Question
Your friend Edgar has just finished his first year
working full-time, and comes home beaming
with an envelope from the IRS, which has sent
him a check for $650 after he sent in his tax forms.
Explain to Edgar why this does not mean that he
didn’t pay taxes.
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