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:

Clarify

To make a statement or situation less confused and more understandable.

Payment Bond

A type of surety bond that guarantees the payment of subcontractors, laborers, and suppliers on construction projects.

Liens

Legal claims or rights against property or assets that secure the payment of a debt or fulfillment of some obligation.

Suppliers

Entities that provide goods or services to another entity, typically in a business-to-business relationship.