Using the Following Choices, Show the Justification for Each Provision

question 129

Multiple Choice

Using the following choices, show the justification for each provision of the tax law listed.
a. Economic considerations
b. Social considerations
c. Equity considerations
d. Both a. and b.
-Mitigation of the annual accounting period concept

• A)Deferral of gains from involuntary conversions
• B)Carryforward of net operating losses
• C)"No change" is a possible result
• D)State income tax applied to a visiting nonresident
• E)IRS special agent
• F)Undoing the "piggyback" result
• G)Ideal budget goal as to new tax legislation
• H)Every state that has a general sales tax has one
• I)Imposed by all states and the Federal government
• J)Imposed by some states but not the Federal government
• K)Imposed only by the Federal government
• L)No correct match provided

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Definitions:

Pinna

The external part of the ear that collects sound waves and directs them into the ear canal.

Traction

The application of a pulling force to parts of the body to align and immobilize fractures or to relieve pressure on skeletal or soft tissues.

Aspirin

A medication used to reduce pain, fever, inflammation, and, in low doses, to prevent blood clots.

Startle

A quick, automatic response to a sudden unexpected stimulus, often characterized by jerking bodily motions.