Which of the following is likely to be an unreported economic activity?
A)the purchase of shares of stock in Walgreen's Pharmacy
B)the minimum wage paid to a teenager working at a McDonald's
C)a $250,000 bonus paid to the CEO of a company
D)the brokerage fees paid to a broker at Merrill Lynch
E)tips paid to a taxi driver

Question

Quizplus · Accepted Answer

Tips paid to a taxi driver are often unreported because they are typically given in cash and may not be fully declared for tax purposes.

Which of the Following Is Likely to Be an Unreported