Tax Advice Each Year People Who Have Income File Income

Essay

Tax advice Each year people who have income file income tax reports with the government. In some instances people seek advice from accountants and financial advisors regarding their income tax situations. This advice is meant to lower the percentage of taxes paid to the government each year. A random sample of people who filed tax reports resulted in the data in the table below. Does this data indicate that people should seek tax advice from an accountant or financial advisor? Test an appropriate hypothesis and state your conclusion. $\begin{array}{|c|c|c|}\hline&{\text { Had Tax Advice? }} \\\hline \begin{array}{c}\text { Paid Lower } \% \\\text { of taxes }\end{array} & \text { No } & \text { Yes } \\\hline \text { No } & 48 & 19 \\\hline \text { Yes } & 24 & 86 \\\hline\end{array}$