Which of the Following Is Not a Secondary Authority

question 18

Multiple Choice

Which of the following is not a secondary authority?

• A) Tax textbook
• B) Commercial tax service
• C) Tax professional journal
• D) Revenue procedure

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Definitions:

S&P 100 Index

Is a stock market index that measures the stock performance of 100 major companies listed on stock exchanges in the United States.

Exercise Price

The predetermined price at which the holder of an option can buy (call option) or sell (put option) the underlying security or commodity.

Option

An option is a financial derivative that represents a contract sold by one party to another, offering the right, but not the obligation, to buy or sell a security at an agreed-upon price within a certain period of time.

Receive

To obtain or accept something given, presented, or transmitted to you.