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2.2.3. F1StatementofFinancialPosi on AdvancedLevel MeetIanandMitchell. Ianhasanincomeof$30,000peryearanda networthof$50,000. Mitchellhasanincomeof$85,000peryearand anetworthof$35,000. Whoiswealthier?
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This form is used to report any investments or money you may have if you have a low net worth.
Individuals with low net worth who have investments or money to report are required to file this form.
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The purpose of this form is to ensure that individuals with low net worth are accurately reporting their investments and money.
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