Which of the Following Statements Regarding Administrative Authorities Is False

question 73

Multiple Choice

Which of the following statements regarding administrative authorities is false?

• A) Private letter rulings are considered authoritative only for the taxpayer to whom they were issued.
• B) A technical advice memorandum is requested by a revenue agent or appeals officer during the examination or appeal of a taxpayer's return.
• C) Revenue procedures are considered secondary authority.
• D) Private letter rulings can only be obtained for a fee from the IRS.

Recognize the role of government in affecting economic variables through fiscal policy.

Identify the fiscal measures to close a recessionary gap.

Understand how fiscal policy influences real GDP and employment.

Understand the mechanisms and effects of fiscal policies on aggregate demand and GDP.

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