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CHAPTER 1 TESTWHOLE NUMBERSCOMPLETION1. To calculate approximately the amount or value of something is called ___.ANS: estimatingPTS: 1 DIF: Easy2. Any number, zero or greater, which does not contain
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The 'to calculate approximately form' is a tax form used to estimate tax liability for the year, helping taxpayers to determine their potential tax obligations.
Individuals who expect to owe tax at the end of the year or who prefer to make estimated tax payments rather than a lump sum at filing are typically required to file this form.
To fill out the form, gather all necessary income information, deductions, and credits. Then follow the instructions to enter your estimated income and calculate your expected tax liability.
The purpose of the form is to allow taxpayers to accurately estimate their tax liability and make appropriate tax payments throughout the year to avoid underpayment penalties.
The form generally requires reporting of expected income, deductions, credits, and any taxes already withheld or paid throughout the year.
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