The Interest Charged by the IRS for the First Three

question 60

Multiple Choice

The interest charged by the IRS for the first three months of 2014 was:

• A) 3%.
• B) 5%.
• C) 4%.
• D) 6%.

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Definitions:

FTCA

Refers to the Federal Tort Claims Act, which allows private citizens to sue the United States in a federal court for most torts committed by persons acting on behalf of the United States.

Deceptive Advertisements

Misleading or false advertising practices that can lead consumers to have incorrect understandings or beliefs about a product or service, often prohibited by regulatory bodies.

Consent Order

A statement in which a company agrees to stop disputed behavior but does not admit that it broke the law.

FTC Complaint

A grievance filed with the Federal Trade Commission concerning unfair business practices or consumer rights violations.