Which of the following is an example of tax evasion?
A) Beth invests money in tax exempt municipal bonds instead of corporate bonds.
B) Bryan uses the cafeteria plan offered by his employer to fund pension plan contributions for his retirement.
C) Bauregard, a very wealthy 87-year-old individual, gives bonds to each of his grandchildren so that the interest income on them would be taxed at a lower tax rate.
D) Bertha won $500 cash in an amateur mud-wrestling contest but doesn't report it on her tax return.
E) All of the above are examples of tax evasion.
Correct Answer:
Verified
Q79: Which of the following are types of
Q80: The return selection program designed to select
Q81: Tax planning involves the timing of income
Q82: Which of the following is/are categorized as
Q83: The calculation of an individual's income tax
Q85: Tax evasion usually involves certain elements. Which
Q86: Which of the following statements is/are correct?
I.There
Q87: Deductions for adjusted gross income and itemized
Q88: The income tax formula for individual taxpayers
Q89: Sonya owes a deductible expense that she
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents