A Characteristic of the Fraud Penalties Is

question 110

Multiple Choice

A characteristic of the fraud penalties is:

• A)Civil fraud can result in a fine and a prison sentence.
• B)When negligence and civil fraud apply to a deficiency,the civil fraud penalty predominates.
• C)The criminal fraud penalty is 75% of the deficiency attributable to the fraud.
• D)The IRS has the same burden of proof in the case of criminal fraud than with civil fraud.
• E)None of the above.

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Definitions:

Lie

An intentionally false statement made with the purpose of deceiving or misleading others.

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A concept that suggests the importance or influence of a particular factor, phenomenon, or entity is diminishing over time.

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A prominent American sociologist known for his research and theories on race, class, and inequality within the United States.

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A framework that explores how individuals interact with their environments, focusing on how these interactions influence development and behavior.