Digital Systems Corporation Files a Suit Against Ethan, Its Former

question 33

Multiple Choice

Digital Systems Corporation files a suit against Ethan, its former accountant, alleging constructive fraud. Digital Systems need not prove

• A)misstatement of a material fact.
• B)intent to deceive.
• C)justifiable reliance.
• D)an injury.

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Definitions:

Employee Check Stub

A document that accompanies an employee’s salary, detailing the breakdown of their earnings and deductions.

Bank Account Numbers

Unique identifiers assigned to an account in a bank, used for identification and processing financial transactions.

Employer's Quarterly Federal Tax Return

A form filed by employers to report income taxes, Social Security tax, or Medicare tax withheld from employee's paychecks, and to pay the employer's portion of Social Security or Medicare tax.

Form 941

A federal tax form used by employers to report quarterly federal income tax withheld from employees' wages and payroll taxes.