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

Question

Quizplus · Accepted Answer

Tips paid to a taxi driver are often not reported as they are given in cash and may not be declared as income.

Which of the Following Is Likely to Be an Unreported