Using the Following Choices, Show the Justification for Each Provision

question 6

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.
-Tax credits available for the purchase of a vehicle that uses alternative (nonfossil) fuels.

• 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:

Alluvial Fan

A fan-shaped deposit formed where a fast-flowing stream flattens, slows, and spreads typically at the exit of a canyon onto a flatter plain.

Glaciers

Massive, slow-moving rivers of ice that form in regions where snowfall exceeds snowmelt over many years.

Air Temperatures

Refer to the current state of the atmosphere's warmth, measured in degrees Celsius or Fahrenheit.

Climate Change

Long-term significant changes in the averages of climate patterns or in the distribution of weather events over periods ranging from decades to millions of years.