List Three Different Ways That a Tax Return May Be

question 17

Essay

List three different ways that a tax return may be selected for an audit.

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Definitions:

Income

Payments received, on an ongoing basis, as a result of employment or investment yields.

Normal Good

A good for which demand increases as consumer income rises, and decreases as consumer income falls.

Income

The money received by individuals or entities, typically in exchange for providing labor, selling goods, or making investments.

Substitute Goods

Products or services that can replace or be used in place of one another, having the ability to satisfy similar consumer needs or desires.