If the Fraud Involves Payroll Taxes Collected for Submission to the IRS

question 46

Multiple Choice

If the fraud involves payroll taxes collected for submission to the IRS, it is referred to as:

• A) Trust liability taxes.
• B) Pass through taxes.
• C) Withholding entity taxes
• D) Trust fund taxes.

---

Definitions:

Special Duties

Obligations or responsibilities that are distinctive to a particular role, profession, or situation, often beyond ordinary duties.

Self-Interest

The consideration of one's personal benefit or advantage, especially when pursued without regard to others.

Economic Duress

Involves a situation where a party is forced into an agreement through wrongful economic pressure or threats, compromising their free will.

Employment Contract

A formal agreement between an employer and an employee that outlines the terms of employment, including duties, salary, and duration.