Multiple Choice
Which of the following is an illegal method of reducing your current tax liability?
A) Not reporting the taxable income you receive
B) Investing in a tax-deferred annuity
C) Shifting income to your children
D) Investing money in municipal bonds
E) Putting money in a Roth individual retirement account (IRA)
Correct Answer:

Verified
Correct Answer:
Verified
Q32: Mr. and Mrs. Davenport, ages 40 and
Q33: A capital gain is the result of:<br>A)
Q34: Pete and Pam are married with four
Q35: Your take-home pay is what you are
Q36: Melinda sold mutual fund shares, which she
Q38: All taxpayers have an equal probability of
Q39: You would typically include _ in your
Q40: Shawn earns $65,000. If the total Social
Q41: Which of the following statements regarding enrolled
Q42: Mr. and Mrs. McMurray have three children,