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ACFE Exam CFE-Law Topic 2 Question 49 Discussion

Actual exam question for ACFE's CFE-Law exam
Question #: 49
Topic #: 2
[All CFE-Law Questions]

Frederick has multiple high-volume foreign bank accounts. The country he lives in requires him to report such accounts annually for tax purposes but he regularly and intentionally fails to report his accounts in order to reduce the amount of taxes he must pay. Which of the following schemes has Frederick MOST LIKELY committed?

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Suggested Answer: D

by Alishia at Sep 19, 2024, 02:19 AM

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Pamella
2 months ago
I believe Frederick should report his accounts to comply with the tax laws of his country.
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Mel
3 months ago
I agree with Ricki. Frederick is intentionally not reporting his high-volume foreign bank accounts to reduce his taxes.
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Evan
3 months ago
D is the obvious choice here. Hiding foreign bank accounts? That's a bold move, Cotton. Let's see if it pays off for him.
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Ricki
3 months ago
I think Frederick has committed an income and wealth tax evasion scheme.
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Glenn
3 months ago
I'm going with D as well. This guy is clearly trying to dodge his fair share of taxes. Not cool, Frederick!
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Janna
3 months ago
Definitely D. Trying to hide income and wealth from the tax authorities? Textbook tax evasion.
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Angelo
1 months ago
D) An income and wealth tax evasion scheme
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Francoise
1 months ago
C) An excise tax evasion scheme
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Katy
2 months ago
B) A value-added tax evasion scheme
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Carma
2 months ago
Definitely D. Trying to hide income and wealth from the tax authorities? Textbook tax evasion.
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Selene
2 months ago
D) An income and wealth tax evasion scheme
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Janessa
2 months ago
C) An excise tax evasion scheme
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Chauncey
2 months ago
A) A tax credit evasion scheme
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Chuck
2 months ago
B) A value-added tax evasion scheme
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Dyan
3 months ago
A) A tax credit evasion scheme
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