Match Each of the Following Terms with the Most Accurate

question 8

Essay

Match each of the following terms with the most accurate example.Use each example only once.
TERMS:
Tax evasion
Tax planning
Tax avoidance
EXAMPLES:
A.An individual is seeking a beneficial outcome, and therefore, applies an application that is not specifically prohibited by law.
B.A business is seeking a beneficial outcome, and therefore, does not report a portion of revenue earned during the year.
C.Two unrelated companies take steps to become related in order to shift income from the profitable business to the company with losses.
An individual is seeking a beneficial outcome, and therefore, applies an application that is not specifically prohibited by law.Tax planning
A business is seeking a beneficial outcome, and therefore, does not report a portion of revenue earned during the year.Tax evasion

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Definitions:

Exhausted

in an economic context, often relates to resources or options that have been fully utilized or depleted.

Property Rights

The theoretical and legal ownership rights over resources including the right to use, sell, and lease.

Open Ocean

The vast, deep waters of the world ocean, lying beyond the continental shelves and characterized by a wide variety of marine species and ecosystems.

Nonrenewable Natural Resources

Natural resources such as coal, oil, and natural gas that cannot be replenished within a human lifespan once consumed.