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What are the odds that such a taxpayer will be audited

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Reference no: EM132410288

Suppose the probability of an IRS audit is 2.8 percent for U.S. taxpayers who file form 1040 and who earned $100,000 or more.

(a) What are the odds that such a taxpayer will be audited? (Round your answers to the nearest whole number.)

Odds that a taxpayer will be audited ___   to  ___

(b) What are the odds against such a taxpayer being audited? (Round your answers to the nearest whole number.)

Odds against a taxpayer being audited ____ to ____

Reference no: EM132410288

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