Which Citation Is Considered to Be a Legislative Citation

question 59

Multiple Choice

Which citation is considered to be a legislative citation?

• A)Ltr. Rul. 199952058.
• B)Ann. 94-5, 1994-2 I.R.B. 39.
• C)Reg. § 1.1014-1(c)(1).
• D)§ 351.
• E)None of the above.

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Definitions:

Selling

The process of promoting and transferring goods or services to a buyer in exchange for money.

Contribution Margin Ratio

The percentage of each dollar of sales that is available to apply to fixed costs and contribute to net income; calculated as unit contribution margin divided by unit selling price.

Unit Contribution Margin

The amount of revenue remaining per unit after deducting variable costs; calculated as unit selling price minus unit variable costs.

Unit Sales Price

The amount that a business charges for one unit of its product or service.