Individual Tax Audits In 2008, the audit risk for the average individual filing a
Chapter 8, Problem 37(choose chapter or problem)
Individual Tax Audits In 2008, the audit risk for the average individual filing a federal income tax return was about 1 in 100. For individuals with an adjusted gross income of $1 million or higher, the audit risk was about 1 in 16. About 1 in 250 individuals filing federal income tax returns have adjusted gross incomes of $1 million or higher. If an individual income tax return has been chosen to be audited, find the probability that the individuals adjusted gross income is $1 million or higher. Source: Internal Revenue Service
Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.
Becoming a subscriber
Or look for another answer