Congress Recently Approved a New, Smaller Budget for the IRS

question 5

Multiple Choice

Congress recently approved a new, smaller budget for the IRS. What taxation concept evaluates the cost of administering our tax law?

• A)Convenience
• B)Economy
• C)Certainty
• D)Equity
• E)None of the choices are correct

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Definitions:

Negative Stereotyping

The practice of ascribing to an individual or group negative characteristics or traits without evidence, based on their association with a particular category.

Economic Growth

The increase in the inflation-adjusted market value of goods and services produced by an economy over time.

Racial Inequality

The unequal treatment or disparities experienced by individuals or groups based on race, affecting areas such as employment, education, healthcare, and justice.

Prejudice

Preconceived opinions or judgments about people, often based on stereotypes, without knowledge or factual basis.