Match each of the following terms with the most accurate example. Use each example only once.
TERMS:
Tax evasion Tax planning
Tax avoidance
EXAMPLES:
A. An individual is seeking a beneficial outcome, and therefore, applies an application that is not spe prohibited by law.
B. A business is seeking a beneficial outcome, and therefore, does not report a portion of revenue ear during the year.
C. Two unrelated companies take steps to become related in order to shift income from the profitable to the company with losses.

Question

Quizplus · Accepted Answer

The Answer is An individual is seeking a beneficial outcome, and therefore, applies an application that is not specifically prohibited by law. Tax planning
A business is seeking a beneficial outcome, and therefore, does not report a portion of revenue during the year. Tax evasion
Two unrelated companies take steps to become related in order to shift income from the profita business to the company with losses. Tax avoidance

Match Each of the Following Terms with the Most Accurate