Drew Signs a Check "Pay to the Order of Eastern

question 32

Multiple Choice

Drew signs a check "pay to the order of Eastern State University" drawn on Drew's account in Fidelity Bank to pay her tuition. Drew is​

• A) ​none of the choices.
• B) ​the drawee.
• C) ​the drawer.
• D) ​the payee.

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Definitions:

Tax Treatment

The specific way tax laws apply to different types of income, expenses, and individuals.

Tax Authority

The governmental body responsible for administering and collecting taxes within a specific jurisdiction.

Circular 230

Regulations promulgated by the U.S. Treasury Department governing practice before the IRS by attorneys, CPAs, and other professionals.

Paid Preparers

Paid Preparers are professionals hired to prepare, calculate, and file tax returns on behalf of individuals or businesses.