Which of the Following Law Types Is Not a Primary

question 8

Multiple Choice

Which of the following law types is not a primary authority source?

• A) Treatises.
• B) Administrative.
• C) Legislative.
• D) Judicial.

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Definitions:

Tax Rate Change

An adjustment in the percentage at which an individual or corporation is taxed, affecting the computation of tax liabilities and net income.

Temporary Difference

A difference between the book value and tax value of an asset or liability that will result in taxable or deductible amounts in future years.

Accrued Product Warranty

Liabilities recognized for future costs related to warranty claims on products sold that have not yet been serviced.

Taxable Income

The amount of income that is used to calculate an individual's or a company's income tax dues, calculated as gross income minus deductions and exemptions.