Which of the following statements best describes the process of tax planning? a. Tax planning is equivalent
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Question:
Which of the following statements best describes the process of tax planning?
a. | Tax planning is equivalent to tax evasion. |
b. | Tax planning is the avoidance of “tax traps.” |
c. | Tax planning is the process of arranging one’s financial affairs to minimize one’s overall tax liability. |
d. | Tax planning is the deferral of tax on income. |
e. | Tax planning is the calculation of a taxpayer’s marginal rate of tax. |
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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