Q2 -

Which of the following statements about tax returns is not true?

Select one:

a. most financial institutions require at least two years of tax return information

b. applicants frequently exaggerate income on their tax return in order to get the loan approved

c. there are often discrepancies between information on the application and tax return

d. most institutions rely heavily on tax returns to verify income claimed by self-employed individuals

e. none of the above