Which of the Following Is Not an Administrative Source of Tax

question 61

Multiple Choice

Which of the following is not an administrative source of tax law?

• A)Field Service Advice
• B)Revenue Procedure
• C)Technical Advice Memoranda
• D)General Counsel Memorandum
• E)All of these are administrative sources.

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Definitions:

Nominal Interest Rate

The stated interest rate on a loan or investment, not adjusted for inflation.

Rational Consumer

An assumption in economics that consumers aim to maximize their utility or satisfaction from consumption choices, given their budget constraints.

Cobb-Douglas Utility Function

A specific form of utility function used in economics to represent preferences, where utility is derived from a combination of goods, typically modeled with constants representing the elasticity of substitution between those goods.

Real Interest Rate

The interest rate that has been adjusted to remove the effects of inflation, reflecting the real cost of borrowing.