Using the Following Choices, Show the Justification for Each Provision

question 148

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.
-A small business corporation can elect to avoid the corporate income tax.

• 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:

Short Bowel Syndrome

A condition resulting from the surgical removal of a large portion of the small intestine, affecting nutrient absorption.

Total Parenteral Nutrition

A method of feeding that bypasses the gastrointestinal tract, providing nutrition directly into the bloodstream through intravenous infusion.

Gastrostomy Feedings

The process of delivering nutrition directly into the stomach through a tube, used when someone cannot eat by mouth.

Tracheoesophageal Fistula

An abnormal connection (fistula) between the trachea and the esophagus, which can lead to breathing and feeding difficulties and often requires surgical correction.