If an Attorney Performs Some Estate Tax Work for a Client

question 109

Multiple Choice

If an attorney performs some estate tax work for a client and the client agrees to pay $6,000 to him and $5,000 to a local financial institution for a debt the attorney owes,the attorney has income of:

• A)$11,000.
• B)$6,000.
• C)$5,000.
• D)None of these.

---

Definitions:

Strategic Philanthropy

The practice of companies aligning their charitable activities with their business goals, creating mutual benefits for both their stakeholders and the community.

Superficial Discounting

Offering discounts that appear significant but have minimal real impact on the overall cost or value.

Sale Price

The final selling price of a product or service after any discounts or promotions are applied.

Normal Price

The standard or usual price of a product or service, often determined by market conditions and cost of production.