Using the Following Choices, Show the Justification for Each Provision

question 97

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.
-Revenue Agent's Report (RAR)

• 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:

White Racism

Racial prejudice and discrimination originating from individuals who identify as white.

Privileged Position

A status that affords an individual or group certain advantages or benefits over others, often due to systemic inequalities in society.

Men

Adult human males, often referenced in discussions about gender roles, masculinity, and societal expectations.

Whites

Refers to individuals or populations characterized by lighter skin tones, often used in the context of discussing racial and ethnic identities.