Which of the Following Is Not a Social Objective of the Tax

question 35

Multiple Choice

Which of the following is not a social objective of the tax law?

• A)prohibition of a deduction for illegal bribes,fines and penalties
• B)a deduction for charitable contributions
• C)an exclusion for interest earned by large businesses
• D)creation of tax-favored pension plans

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Definitions:

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often driven by international trade and investment and aided by information technology.

Social Entities

Organizations or groups of people recognized to have a distinct, independent existence or identity within a larger society or community.

Organizational Memory

The collective repository of knowledge, experiences, data, and information accumulated by an organization over time, which influences its culture, operations, and decision-making.

Conceptual Anchors

Theoretical frameworks or ideas that serve as a point of reference or grounding for further exploration, discussion, or understanding.