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Provide one example of tax evasion

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Problem 1: Provide one example of tax evasion and one example of tax planning.

Problem 2: Amy has always had big plans for her life. She wants to travel extensively before she purchases her first home, she wants to finish her degree in finance and she hopes to have her own consulting business.

How would you advise Amy to prepare herself to achieve all of her personal and financial goals? Outline the steps Amy should take and describe what Amy must consider when planning.

Problem 3: What are the five typical factors that a lender will consider when evaluating a credit application? List and describe these five factors.

Problem 4:  Most individuals pay taxes in four (4) major categories. Please describe what they are.

Problem 5: What is the difference between cash flow statement and net worth?

Problem 6: What does it mean if someone suggests that it is easier to achieve financial objectives that are "SMART"?

Reference no: EM132713621

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