The Rules Governing Contingent Fee Arrangements Do Not Permit a Tax

question 21

Multiple Choice

The rules governing contingent fee arrangements do not permit a tax practitioner to charge a contingent fee for rendering:

• A) Tax planning services
• B) Payroll tax processing services
• C) The preparation of a request for a refund of previously overpaid taxes
• D) Taxpayer advocacy in an IRS administrative hearing

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Definitions:

Labor Demand Data

Information and metrics related to the number of workers employers are willing and able to hire at different wage levels, across various industries or the economy as a whole.

Labor Supply Data

Information regarding the number of individuals available to work, including their skills and wage requirements.

Marginal Product

The additional output that is produced as a result of employing one more unit of a particular input, keeping other inputs constant.

Labor Demand Data

Information that represents the number of workers that firms are willing and able to hire at various wage levels.