Glenna has put money in savings accounts in 50 different banks. She knows a bank is not required to report to the IRS any interest it pays her that totals less than $10. Because the banks do not report the payments to the IRS, Glenna does not report the interest received as taxable income. Which of the following is/are true? 1. Glenna's action is an act of tax evasion because she intentionally misrepresented facts on a tax return to avoid paying tax. II. Glenna's action is an act of tax avoidance because the IRS will never know about the interest income. III. Glenna's action is an act of tax evasion because she took steps to conceal the income. a. Statements I, II, and 111 are correct. b. Statements II and III are correct. c. Only statement is correct. d. Only statement 11 is correct. e. Statements I and III are correct. IO