When a Tax Court Decision Is Said Tobe Entered Under

question 29

Multiple Choice

When a Tax Court decision is said tobe entered under Rule 155, it means:

• A)the Court computed the refund due the taxpayer
• B)the Court reaches a decision without calculating the tax
• C)the Court must follow the Court of Appeals that has direct jurisdiction over the taxpayer
• D)the case cannot be appealed

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Definitions:

Cumulative Voting

Cumulative voting is a voting system that allows shareholders to allocate their votes for the board of directors in a manner they prefer, often used to strengthen the voting power of minority shareholders.

Straight Voting

A voting system for electing directors where shareholders must vote for each board member separately.

Control

The power to influence or direct people's behavior or the course of events, often referring to a dominating command over something or someone.

Cash Dividends

Dividends paid in the form of cash to a company’s shareholders from its current or retained earnings.