Which of the Following Is Subject to Tax Return Preparer

question 17

Multiple Choice

Which of the following is subject to tax return preparer penalties?

• A)Lizzie, the firm's administrative assistant, makes copies of returns and assembles the mailings that the client must make to the taxing agencies.
• B)Meredith is the director of Federal taxes for a C corporation.
• C)Sammy is a volunteer who prepares returns at the retirement home under the IRS Tax Counseling for the Elderly program.
• D)Abbie prepares her mother's tax returns for $50 a year.A CPA, Abbie would charge a client $750 for completing a similar return.

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Definitions:

Migration

The movement of people from one place to another with the intention of settling, permanently or temporarily, in a new location.

Domestic Output

The total value of goods and services produced within a country's borders in a given time period.

Wage Rates

The amount of money paid to an employee per unit of time (e.g., hour, day) or for a specific quantity of work done.

Wages

Payments made to employees for their labor or services, typically calculated on an hourly, daily, or piecework basis.