Question: Tax Drill - Audit Process Indicate whether the following statements are True or False regarding IRS audit procedures. a . Only a small number of

Tax Drill - Audit Process
Indicate whether the following statements are "True" or "False" regarding IRS audit procedures.
a. Only a small number of tax returns are audited.
b. The IRS utilizes mathematical formulas and statistical sampling techniques to select tax returns that are most likely to contain errors.
c. If an individual's itemized deductions are in excess of norms established for various income levels, the probability of an audit is decreased.
d. The tax law permits the IRS to pay rewards to persons who provide information that leads to the detection and punishment of those who violate the tax laws.

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