It is easier to under-report income in industries that deal with a lot of cash.

Name: It is easier to under-report income in industries that deal with a lot of cash.
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Question

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Since cash transactions are not easily traceable, it is easier for individuals or businesses dealing with a lot of cash to avoid reporting all their income accurately. This makes it important for the tax authorities to closely monitor such industries and conduct regular audits to ensure compliance.

It Is Easier to Under-Report Income in Industries That Deal