Special Tax Treatment Given to Specific Types of Behavior Are

question 513

Multiple Choice

Special tax treatment given to specific types of behavior are called

• A)tax avoidance.
• B)tax evasion.
• C)tax loopholes.
• D)tax burden.

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Definitions:

Paying Taxes

The mandatory financial charge or other levy imposed on an individual or a legal entity by a governmental organization in order to fund government spending and various public expenses.

Cash Outflow

The movement of money out of a business, resulting from expenses or investments.

Accounts Receivable

Outstanding amounts due from clients to a company for products sold or services utilized, awaiting payment.

Cash Collected

The total amount of money received by a company during a specific period.