Every year, the IRS selects a certain number of Form 1040 s for audit. What...

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Accounting

Every year, the IRS selects a certain number of Form 1040 s for audit. What is the approximate average audit coverage rate (percentage of individual returns filed selected for audit)?
Multiple Choice
Less than 1%
About 5%
Between 10% and 12%
None of these choices are correct
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