Tax Evasion Differs from Tax Avoidance in the Sense That

question 59

Multiple Choice

Tax evasion differs from tax avoidance in the sense that evasion

• A)is easier
• B)can only be done through an accountant
• C)is legal
• D)is illegal
• E)is encouraged by the Internal Revenue Service

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Definitions:

Additional Duties

Extra charges or taxes imposed on imports and exports, often as a tool to regulate trade.

Consumer Bill of Rights

A set of policies enacted to safeguard consumer rights, ensuring they are informed, safe, and have the ability to voice grievances.

Golden Rule

An ethical principle suggesting that one should treat others as oneself would wish to be treated, widely accepted across various cultures and religions.

Caveat Emptor

The legal concept of “let the buyer beware” that was pervasive in the American business culture prior to the 1960s.