What Is Fraud

question 136

Multiple Choice

What is fraud?

• A)Fraud is the intentional misrepresentation of facts made for the purpose of persuading another individual to act in a way that causes injury or damage to that individual.
• B)Fraud is the misappropriation of assets.
• C)Fraud is untruthful financial reporting.
• D)all of the above

---

Definitions:

Single Taxpayer

A filing status for unmarried individuals that determines the tax rate and deductions they are eligible for on their income tax return.

Taxable Income

The portion of an individual's or company's income used to determine how much tax is owed to the government.

Qualifying Child

A Qualifying Child is a dependent of a taxpayer who meets specific IRS criteria, making the taxpayer eligible for certain tax benefits.

Tests

Evaluations or assessments to determine compliance with specific regulations, conditions, or standards.