Which of the Following Statements Concerning Tax Preferences Is True

question 22

Multiple Choice

Which of the following statements concerning tax preferences is true?

• A) The annual revenue loss from federal tax preferences is quantified in the Tax Expenditures Budget.
• B) Tax preferences increase the fairness of the tax law.
• C) Tax preferences simplify the tax law.
• D) Tax preferences make the tax law more neutral across taxpayers.

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Definitions:

Cerebral Hemisphere

One of the two halves of the brain (left or right) that control opposite sides of the body and have specialized functions.

Cerebral Hemispheres

The two sections of the cortex on the left and right sides of the brain.

Cerebrum

The upper part of the brain consisting of the two hemispheres and the structures that connect them.

Upper Part

The higher section or portion of an object, area, or body.