Which of the Following Is Not an Administrative Source of Tax

question 45

Multiple Choice

Which of the following is not an administrative source of tax law?

• A) Field Service Advice.
• B) Revenue Procedure.
• C) Technical Advice Memoranda.
• D) General Counsel Memorandum.
• E) All of the above are administrative sources.

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Definitions:

Recession

A temporary downturn in economic activity, characterized by decreased trade and industrial production, usually recognized by consecutive quarters of declining GDP.

Expected Price Level

The price level consumers, producers, and investors anticipate in the future, influencing their economic decisions in the present.

Wage Bargaining

The negotiation process between employees (or their representatives) and employers regarding the terms of employment, focusing primarily on salary or wage levels.

Long Run

A period in which all factors of production and costs are variable, and firms can adjust all inputs.