QUESTION IMAGE
Question
use the drop-down menu to complete the statements.
failure to pay taxes on time may result in
and interest will accumulate on the unpaid balance until the taxes are
tax payments may be collected through
tax evasion or fraud may result in
options: imprisonment, job loss, penalty fees
Brief Explanations
- For "Failure to pay taxes on time may result in": When taxes aren't paid on time, penalty fees are a common consequence as the tax authority imposes them for late payment.
- For "Tax payments may be collected through": When taxes are unpaid, the government or tax authority can use legal means, and imprisonment is a possible (though severe) way to enforce tax collection in cases of extreme non - compliance.
- For "Tax evasion or fraud may result in": Tax evasion or fraud is a serious crime, and imprisonment is a potential legal punishment for such illegal activities.
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- Failure to pay taxes on time may result in: penalty fees
- Tax payments may be collected through: imprisonment
- Tax evasion or fraud may result in: imprisonment