An Individual Might Be Incarcerated Upon a Conviction For

question 105

Multiple Choice

An individual might be incarcerated upon a conviction for:

• A) Using an improper appraisal to compute a tax deduction.
• B) Filing a tax refund claim that the Tax Court denies.
• C) Committing criminal tax fraud.
• D) Failure to pay to the Treasury one pay period's withholdings from employees.

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Definitions:

Consideration

The value, in the form of money, goods, services, or a promise thereof, that is exchanged between parties as part of a contract.

Inadequacy of Consideration

A situation where the value exchanged in a contract is significantly disproportionate, raising questions about the fairness of the agreement.

Wholesale Price

The cost of goods sold in bulk to retailers or distributors, generally lower than retail price.

Seal

A device or symbol used to authenticate documents as genuine or to signify approval or ratification.