Filing a Fraudulent Income Tax Return That Understates Income or Overstates

question 3

Multiple Choice

Filing a fraudulent income tax return that understates income or overstates deductions is known as

• A)tax evasion
• B)logrolling
• C)tax avoidance
• D)rent seeking
• E)profiteering

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Definitions:

Available-For-Sale Securities

Debt and equity securities not classified as held-to-maturity or trading securities, recorded at fair value in balance sheets.