Your Client Has Told You How Much His Good Reputation

question 3

Multiple Choice

Your client has told you how much his good reputation in the community means to him. Now he reveals that he has been cheating his business partners. Which of the following would be the best response to this discrepancy?

• A) "Don't you realize that what you're doing is illegal-what if you get caught?"
• B) "I'm wondering how cheating your business partners fits in with the importance you hold to having a good reputation in the community?"
• C) "You know, you're lying to yourself if you think you can do this and still keep a good reputation in the community."
• D) "This is really going to hurt your reputation when it all comes out, isn't it?"

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Definitions:

Educational Expenses Deduction

A tax deduction allowing taxpayers to deduct certain expenses for education from their taxable income, enhancing affordability of education.

Charitable Contributions

Financial donations made to non-profit organizations, which can often be tax-deductible.

Tax Rate

The percentage at which an individual or corporation is taxed.

Taxable Income

The portion of income that is subject to taxes after all deductions and exemptions have been applied.