Using the Following Choices, Show the Justification for Each Provision

question 120

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.
-Additional depreciation deduction allowed for the year the asset is acquired.

• 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:

Innovation

The introduction of something new, such as a method, idea, or product, intended to improve efficiency, effectiveness, or competitive advantage.

Competitiveness

The ability of a company or country to achieve and maintain a favorable position in the market compared to others, based on factors like price, quality, and innovation.

Transportation Model

A type of linear programming model used to solve logistics problems, involving the optimization of distributing goods from several suppliers to several consumers in a cost-effective manner.