Using the Following Choices, Show the Justification for Each Provision

question 160

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 deduction for contributions by an employee to certain retirement plans.

• 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:

Views

Opinions or perspectives held by individuals.

Tradition Influence

The impact that long-established beliefs, customs, and practices have on individuals or societies.

Law Enforcement

The system through which members of society act in an organized manner to enforce the law by discovering, deterring, rehabilitating, or punishing people who violate the rules and norms governing that society.

Categorical Imperative

A concept in moral philosophy developed by Immanuel Kant, stating that one should act only according to that maxim by which one can at the same time will that it should become a universal law.