Which Statement Is Not True with Respect to a Regulation

question 32

Multiple Choice

Which statement is not true with respect to a Regulation that interprets the tax law?

• A)Issued by the U.S.Congress.
• B)Issued by the U.S.Treasury Department.
• C)Designed to provide an interpretation of the tax law.
• D)Carries more legal force than a Revenue Ruling.
• E)All of these statements are true.

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Definitions:

United States

A federal republic consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

Absolute Advantage

The ability of an individual, company, or country to produce a good or provide a service more efficiently than competitors, using the same amount of resources.

Economic Basis

refers to the foundational activities, sectors, or resources upon which an economy is built and sustains its growth.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service more efficiently than competitors.