Which of the following people is least likely to have to file a federal income tax return?
A) a U.S. citizen who is a resident of Puerto Rico
B) a U.S. citizen living and working in a foreign country
C) a person earning less than $7,050
D) a person over age 65
E) a college student
Answer: C) a person earning less than $7,050
Business
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A key to successful preparation is assuming the counterparty is as smart, informed, and
motivated as you are. What is the name of such a perspective? A) The satisficing model B) The optimizing model C) The fraternal twin model D) The fixed-pie bias
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