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Questions 1 through 5 please. Thank you! Chapter 16: Study Questions 1. Wayne is fed up with paying taxes to the government and schemes to

Questions 1 through 5 please. Thank you!

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Chapter 16: Study Questions 1. Wayne is fed up with paying taxes to the government and schemes to find a way to avoid doing so. Wayne has the right to pay the lowest legitimate tax and plans to find legitimate loopholes and use tax planning strategies to minimize his tax liability. He is exercising: a) Tax evasion b) Tax avoidance c) Tax fraud d) Disreputable conduct 2. In his tax preparation class, Tony learned the IRS recognizes several different classifications of tax practitioners. He is interested in developing into a more experienced and credentialed tax practitioner in the future. Tony wants to know all of his options. All of the following are tax practitioner categories except: a) Attorneys b) Enrolled Agents c) Enrolled Preparers d) Certified Public Accountants 3. Jefferson had his tax return prepared at a new location this year which advertised unbelievable low prices. However, later when Jack was viewing his return, he noticed it had not been signed by the preparer. Which of the following individuals are required to sign tax returns? a) Enrolled Agents only b) All paid preparers c) Attorneys only d) Certified Public Accountants only 4. Dawn has a new client, Joe, who says he is a single parent with two children. Based on these facts and the amount of his earned income, he will receive a sizeable earned income credit on his retum. He produces Social Security numbers for the children but does not have the cards in his possession. When Dawn asks Joe for the names and birthdates of his children, he has trouble providing this information at that time. For ethical reasons, should Dawn refuse to prepare her client's return? a) Yes; if she feels he is being dishonest. b) Yes, because he was not adequately prepared at the meeting. c) No; she is obligated to prepare the return for her client. d) No; she must proceed with his return based on the information he provided. 5. Cindy, a paid preparer, just finished preparing a tax return for Devon. She is ready to sign the necessary forms. Cindy is required to sign any form within Devon's tax return before it is presented to the IRS unless: a) She chooses not to. b) The return is filed after the due date. c) The taxpayer agrees that the preparer does not have to sign the forms. d) The prescribed form does not provide a space for a preparer signature

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