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NEW QUESTION: 1
A. Option B
B. Option D
C. Option C
D. Option A
Answer: D
NEW QUESTION: 2
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B. Use of documentation
C. Maintain chain of custody
D. Gathering evidence
Answer: D
NEW QUESTION: 3
First National Bank receives a notice from the IRS to begin withholding 28 percent of the interest payments on the money market savings account of Myra Wilcox because of payee underreporting. What is the most proper action for First National Bank to take?
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B. Send a notice to Ms. Wilcox within 15 days of the receipt of the IRS notice and begin withholding; stop withholding if Ms.Wilcox can prove to the bank that she is not underreporting
C. Send notice to Ms. Wilcox within 15 days of the receipt of the IRS notice and begin backup withholding with the first payment following 30 days after the notice; stop withholding only on written notice from the IRS
D. Begin withholding and send a notice to Ms. Wilcox within 15 days of beginning the withholding; stop withholding only on written notice from the IRS
Answer: D
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