edmund works as a waiter on the weekends at a fancy resturant. he occasionally makes an enormous amount of money in tips. since these tips are paid in cash he often does not deposit them in his bank account. a lot of times he ends up spending this money without every keeping track of how much he has made. how should this be categorized? tax evasion, tax avoidance, neither do you think this strategy should be legal, why or why not?
edmund works as a waiter on the weekends at a fancy resturant. he occasionally makes an enormous amount of money in tips. since these tips are paid in cash he often does not deposit them in his bank account. a lot of times he ends up spending this money without every keeping track of how much he has made. how should this be categorized? tax evasion, tax avoidance, neither do you think this strategy should be legal, why or why not?
Chapter33: Income, Income Distribution, And Poverty
Section: Chapter Questions
Problem 11E: What is the difference between in-kind and cash transfers? Winch might increase the utility of the...
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edmund works as a waiter on the weekends at a fancy resturant. he occasionally makes an enormous amount of money in tips. since these tips are paid in cash he often does not deposit them in his bank account. a lot of times he ends up spending this money without every keeping track of how much he has made. how should this be categorized?
tax evasion, tax avoidance, neither
do you think this strategy should be legal, why or why not?
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