Tax Evasion Usually Involves Certain Elements

question 66

Multiple Choice

Tax evasion usually involves certain elements. Which of the following are elements necessary for tax evasion to occur?
I.Nondisclosure of the relevant facts on the taxpayer's tax return.
II.Underpayment of tax.
III.Avoiding detection by the IRS.
IV.Willfulness on the part of the taxpayer.
V.An affirmative act by the taxpayer to misrepresent.
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• A)Statements I, II, and III are correct.
• B)Statements I, II, IV, and V are correct.
• C)Statements I and III are correct.
• D)Only statement IV is correct.
• E)All of the five listed elements are correct.

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Definitions:

Hospital Insurance

Coverage that pays for hospital expenses incurred by the insured due to illness or injury.

OASDI

Old-Age, Survivors, and Disability Insurance, a comprehensive federal benefits program that provides benefits to retirees and disabled people.

Hospital Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured while in a hospital.

Double Time

A rate of pay that is twice the standard rate, often paid for overtime work.