Long-Range Goals Can Be Found in a Code of Ethics

question 10

Multiple Choice

Long-range goals can be found in a code of ethics which

• A) provides mandatory sets of rules which serve as the basis for discipline
• B) provides a general statement of principles or guidelines for an organization
• C) is aspirational and constructs the ideal model
• D) none of the above

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Definitions:

Tax Rate Structure

The way tax rates progress from low to high based on income brackets, affecting how much tax individuals or entities owe.

Progressive

Referring to a tax system in which the tax rate increases as the taxable amount increases.

Circular 230

A set of regulations governing tax professionals issued by the United States Treasury Department.

Tax Preparers

Professionals skilled in preparing and filing tax returns on behalf of individuals and businesses to ensure compliance with tax laws.