Ethan Is a Consultant Working on a Research Project for a Client

question 132

Multiple Choice

Ethan is a consultant working on a research project for a client. His research has uncovered findings that are counter to what his customer was expecting. These ethical dilemmas could potentially lead Ethan to do what?

• A)perform quantitative analysis.
• B)realize the research results are suspect.
• C)fail to report his findings.
• D)review the company's ethical guidelines.
• E)perform qualitative analysis.

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Definitions:

Form 1040

Form 1040 is the U.S. federal income tax form used by individuals to file their annual income tax returns with the Internal Revenue Service (IRS).

Schedule SE

The tax form used by self-employed individuals to calculate the taxes owed on net earnings from self-employment.

Deductible Expenses

Expenses that can be subtracted from gross income to reduce taxable income, including certain business, charitable, educational, and medical expenses.

Hobby

An activity done regularly in one's leisure time for pleasure, which might generate income that is treated differently for tax purposes than income earned from a business.