The taxpayer must increase his 2019 gross income by $5,000 in accordance with the tax advantage rule to make up for the 2018 calculation error. This statement is false.
<h3>What various forms of income tax are there?</h3>
The two types of taxes are direct tax and indirect tax. The term "direct tax" refers to taxes imposed on earned income. Income tax is a great example of direct taxation. The government imposes an indirect tax on a taxpayer in exchange for the goods and services they offer.
<h3>The person who pays income taxes is?</h3>
Income taxes are levied on several types of income, including wages and salaries, investment income, and others. Payroll taxes, which sustain Social Security, are the second-largest source of federal revenue.
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