If the Public Accountant Negligently Failed to Properly Prepare and File

question 14

Multiple Choice

If the public accountant negligently failed to properly prepare and file a client's tax return, the public accountant can be held liable for

• A) the penalties the client owes Canada Customs and Revenue Agency.
• B) the penalties and interest the client owes.
• C) the penalties and interest, plus the tax preparation fee that the public accountant charged.
• D) the penalties and interest, the tax preparation fee, and the amount of tax that was underpaid.

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Definitions:

LMRA

The Labor Management Relations Act of 1947, also known as the Taft-Hartley Act, a statute that protects unions' rights in the United States while imposing certain restrictions on their activities.

Closed Shop

A form of labor agreement in which an employer agrees to hire union members only, and employees must remain members of the union at all times.

Union Shop

A workplace where employees are not required to join the union in order to be hired, but must join within a specified period of time after employment.

Equal Pay Act

A law that prohibits wage discrimination based on sex, ensuring that men and women get equal pay for equal work.