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TRUE OR FALSE A TRUE B FALSE 1. Given two possible legal ways of doing a business transaction, one is legally obligated to do
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Answer #1

False ......... Mark - B

When both the ways, are legal, you can select ( its tax payers option) one of the ways. There is no such rule that says one have to select the option with higher tax.

Infact it is called tax planning to choose lower tax obligation subject to the condition that its not a illegal way.

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