Using the Following Choices, Show the Justification for Each Provision

question 56

Multiple Choice

Using the following choices, show the justification for each provision of the tax law listed.
a. Economic considerations
b. Social considerations
c. Equity considerations
d. Both a. and b.
-A bribe to the local sheriff, although business related, is not deductible.

• A)Deferral of gains from involuntary conversions
• B)Carryforward of net operating losses
• C)"No change" is a possible result
• D)State income tax applied to a visiting nonresident
• E)IRS special agent
• F)Undoing the "piggyback" result
• G)Ideal budget goal as to new tax legislation
• H)Every state that has a general sales tax has one
• I)Imposed by all states and the Federal government
• J)Imposed by some states but not the Federal government
• K)Imposed only by the Federal government
• L)No correct match provided

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Definitions:

Clinically Significant

A degree of significance in medical findings or outcomes that indicates an important change, especially in the diagnosis or treatment of a condition.

Socioeconomic Group

A categorization of people according to their economic and social position, often based on income, education, and occupation.

Culture

The collective manifestations of human intellectual achievement regarded collectively, encompassing language, customs, beliefs, and institutions.

Assault Victim

An individual who has suffered an attack or physical harm by someone.