Which of the statements about audits is false?
A) 1 percent of individual taxpayers are audited.
B) 23.57 percent of individuals earning between $500,000 and $1 million are audited.
C) 8.9 percent of individuals earning between $1 million and $5 million are audited.
D) 27.37 percent of individuals earning more than $10 million are audited.
Answer: B
Business
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A. Exporting B. Wholly-owned subsidiary C. Franchising D. Licensing E. Joint venture
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