1. The installment method of reporting gains can be justified based on a. Mitigation of the annual accounting period. b. Wherewithal to pay. c. Social considerations. d. Both mitigation of the annual accounting period and wherewithal to pay

2. In terms of probability, which of the following taxpayers would be least likely to be audited by the IRS? Why a. Taxpayer owns and operates a check-cashing service. b. Taxpayer is an employed electrician. c. Taxpayer just received a $3 million personal injury award as a result of a lawsuit. d. Taxpayer just won a $1 million slot machine jackpot at a Las Vegas casino.