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Unit 2 Assignment: Paycheck
Financial Literacy / Course Content / Unit 2: Earning Money
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13.
An effort to avoid paying income taxes deliberately can carry criminal penalties.
False
True
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True.
Deliberately avoiding paying income taxes (tax evasion) is a criminal offense and can result in fines and imprisonment. (Note: legal tax avoidance using deductions/credits is allowed; the illegal act is willful evasion.)
Deliberately avoiding paying income taxes (tax evasion) is a criminal offense and can result in fines and imprisonment. (Note: legal tax avoidance using deductions/credits is allowed; the illegal act is willful evasion.)
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