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