The Following Are All Elements of Title 26, U

question 21

Multiple Choice

The following are all elements of Title 26, U.S. Code Section 7201 EXCEPT:

• A) not reporting bribe income may be grounds for being charged with tax evasion.
• B) filing income tax that excludes income from fraud may be considered an improper tax filing.
• C) bribes paid may be deducted as business expenses.
• D) failure to report income from fraud may be grounds for being charged with tax evasion.

---

Definitions:

Price

The quantity of money considered, needed, or paid in exchange for something.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, measuring the benefit to consumers.

Tax

A compulsory financial charge imposed by a government on individuals or entities to fund public expenditures.

Tax Per Unit

A specific amount of tax imposed on each unit of a product or service, often used to regulate consumption or raise government revenue.