Which of the Following Would Probably Not Be Considered an "Act

question 101

Multiple Choice

Which of the following would probably not be considered an "act discreditable to the profession"?

• A) Numerous moving traffic violations.
• B) Failing to file the CPA's own tax return.
• C) Filing a fraudulent tax return for a client in a severe financial difficulty.
• D) Refusing to hire Asian Americans in an accounting practice.

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Definitions:

Tariff Revenues

Income that governments earn from imposing taxes on the import and export of goods.

Export Subsidy

An export subsidy is a government policy to encourage export of goods and discourage sale within the domestic market, by providing financial assistance or tax relief.

Domestic Price

The price of a good or service within a country; this can be influenced by tariffs, taxes, and supply and demand.

Free Trade

An economic policy that allows imports and exports between countries with minimal or no tariff barriers.