Failure to Furnish a Correct TIN to a Requester (Payer)can

question 47

Multiple Choice

Failure to furnish a correct TIN to a requester (payer) can result in a penalty to the payee of:

• A)$0,it is the responsibility of the payer (requester)to have the correct information.
• B)$50 for each failure to complete the W-9.
• C)$500 maximum for failure to complete any W-9 forms as required.
• D)$0,but the taxpayer can be subject to fines and/or imprisonment if caught by an IRS agent.

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Definitions:

Exons

Segments of DNA or RNA that encode portions of the final mature RNA product after splicing has removed introns.

DNA Methylation

A process in which gene inactivation is perpetuated by enzymes that add methyl groups to DNA.

Heterochromatin

Highly coiled and compacted chromatin in an inactive state. Compare with euchromatin.

Transcriptionally Inactive

Referring to genes or DNA regions that are not being transcribed into RNA, often due to regulatory mechanisms.