Using the Following Choices, Show the Justification for Each Provision

question 101

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 interest on student loans.

• 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:

Family and Medical Leave Act

A U.S. federal law that provides employees with unpaid, job-protected leave for certain family and medical reasons.

Paid Leave

Employment benefit that allows an employee to take time off from work while still receiving their normal pay.

Eligible Employees

Workers who meet certain criteria set by their employer or government regulations, qualifying them for specific benefits or programs.

Sexual Orientation

An inherent or immutable enduring emotional, romantic or sexual attraction to other people.