Tax planning
A) guides investment activities to maximize after-tax returns over the long term for an acceptable level of risk.
B) ignores the source of income and concentrates solely on the amount of income.
C) is primarily done by individuals with incomes below $200,000.
D) is limited to reviewing income for the current year and determining how to minimize current taxes.

Question

Quizplus · Accepted Answer

Tax planning involves guiding investment activities to maximize after-tax returns over the long term, taking into account the acceptable level of risk. It does not ignore the source of income, is not limited to individuals with incomes below $200,000, and encompasses more than just minimizing current year taxes.

Tax Planning