Dick is a graphic designer. He is hired to do a layout of a brochure for XYZ Company. When the work is completed, XYZ Company pays him $12,000 in cash. Which of the following best describes what Dick is or is not required to do?

A. Dick is not required to report the transaction because he is not a "financial institution"

B. Dick is required to file a Currency Transaction Report because he received more than $10,000

C. Dick is required to report the transaction only if he has reason to believe it is "suspicious"

D. Dick is required to file IRS Form 8300 because he received a cash payment of more than $10,000

Hint: correct answer makes me want to vomit!

The difference between tax avoidance and tax evasion is:

A. The former is civil and the latter is criminal
B. The former is lawful and the latter is unlawful
C. The former is unlawful and the latter is lawful
D. There is no difference because neither is lawful

Anyone wants to try to answer this one?

So I am studying for the Certified Fraud Examiner. One of the questions in my exam prep:

In admission-seeking interviews, an innocent person often will react differently than a culpable person to the initial accusation. Which of the following reactions to the initial accusation is NOT common to a culpable person?

A. Reasons why he/she could not have committed the act

B. Strong denials

C. Silence

D. All of the above are reactions

What do you think the correct answer is?

Hint: The correct answer was not what I expected it to be.