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starkidnotyap starkidnotyap
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6 years ago
Which of the following would be considered tax evasion?
 a. deducting charitable contributions when figuring income taxes
  b. claiming your young children as tax exemptions
  c. claiming your dog as a dependent on your tax form
  d. buying a house in order to deduct interest payments
  e. overestimating your income subject to taxes

QUESTION 2

Collusion and cartels are frequently legal in Europe.
 a. True
  b. False

QUESTION 3

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

QUESTION 4

Cartels are inherently unstable.
 a. True
  b. False

QUESTION 5

Which of the following would be considered part of the underground economy?
 a. selling subway tokens
  b. tax avoidance
  c. deducting housing interest when figuring your income taxes
  d. sales of alcohol and cigarettes
  e. paying by credit card to avoid writing a check

QUESTION 6

Collusion is most likely to occur in those oligopolies in which firms have vastly different cost structures.
 a. True
  b. False
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J_eazyJ_eazy
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Posts: 350
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6 years ago
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starkidnotyap Author
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#2
6 years ago
Exactly what I needed for my quiz Smiling Face with Open Mouth
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