Which One of the Following Forms of Evidence Would Be

question 16

Multiple Choice

Which one of the following forms of evidence would be least reliable?

• A)monthly bank statement
• B)positive confirmation of customer's balance
• C)a letter from client's lawyer stating that there are no known lawsuits pending against client
• D)client's file copy of a purchase requisition

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Definitions:

Gambling Losses

Financial losses resulting from wagering, which can be deducted up to the amount of gambling winnings on a taxpayer’s return.

Adjusted Gross Income

Gross income minus adjustments to income. This figure is used to determine how much of your income is taxable.

Political Action Committee

A Political Action Committee (PAC) is an organization that collects political donations from members and donates those funds to campaign for or against candidates, legislation, or initiatives.

Charitable Contribution

A gift or donation made to a non-profit organization, which can often be used as a tax deduction by the donor.