Which of the Following Is an Illegal Method of Reducing

question 37

Multiple Choice

Which of the following is an illegal method of reducing your current tax liability?

• A) Not reporting the taxable income you receive
• B) Investing in a tax-deferred annuity
• C) Shifting income to your children
• D) Investing money in municipal bonds
• E) Putting money in a Roth individual retirement account (IRA)

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Definitions:

Influence Tactic

Strategies or methods used by an individual to persuade or guide others' behaviors and decisions in a desired direction.

Assertiveness

The characteristic of possessing confidence and assertiveness, without exhibiting aggressiveness.

Self-Promotion

The act of highlighting one's own skills, achievements, and positive attributes to advance personal or professional goals.

Self-Promotion

The act of highlighting one's own skills and accomplishments to gain recognition or advancement.