You Have the Following Citation: Joel Munro, 92 T

question 54

Multiple Choice

You have the following citation: Joel Munro, 92 T.C. 71 (1989) . Which of the following statements is true?

• A)The taxpayer, Joel Munro, won the case because there is no reference to the IRS.
• B)The case appears on page 71 in Volume 92 of the official Tax Court of the United States Reports and the case was decided in 1989.
• C)This citation refers to a taxpayer conference between the IRS and the taxpayer.
• D)The case was tried in 1989 and was appealed in 1992.

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Definitions:

Unemployment Tax Rates

Refers to the taxes that employers must pay to the government, usually at the state level, based on a percentage of the total payrolls of their employees to fund unemployment compensation programs.

Medicare Portion

The Medicare portion is the share of payroll taxes collected from employers and employees that is allocated to fund the Medicare program.

Social Security Portion

The part of payroll taxes paid by employers and employees that goes towards funding the Social Security program.

Net Pay

The amount of an employee's earnings that remains after deductions, such as taxes and retirement contributions, have been applied.