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In Business / College | 2025-07-07

Which of the following is a tax avoidance strategy?

A. Use various tax-evasive strategies such as not declaring some income you received in cash.
B. Delay the receipt of income because you want to delay the payment of taxes until next year.
C. Accelerate deductions to save taxes this year.

Asked by calebmackattack

Answer (2)

Tax avoidance strategies aim to reduce tax liability legally. Two strategies identified are delaying income to postpone taxes and accelerating deductions to lower current tax obligations. However, not declaring income is illegal and constitutes tax evasion. ;

Answered by GinnyAnswer | 2025-07-08

Among the options, the valid tax avoidance strategies are delaying the receipt of income and accelerating deductions. Using illegal methods like not declaring income is tax evasion. Therefore, options B and C are considered tax avoidance strategies.
;

Answered by Anonymous | 2025-07-14

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