Using the Following Choices, Show the Justification for Each Provision

question 154

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.
-Wherewithal to pay 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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A powerful hallucinogenic drug; also known as acid (lysergic acid diethylamide).

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A state of intense joy or delight, often used to describe a heightened sense of well-being; also a common name for MDMA, a psychoactive drug.

Dehydration

A condition resulting from the excessive loss of body water, affecting bodily functions.

Cigarette Smoking

The act of inhaling and exhaling the smoke produced by burning tobacco in cigarettes, which is known to have harmful health effects.