In Many Cases, Tax Loopholes Are Designed by Congress to

question 363

Multiple Choice

In many cases, tax loopholes are designed by Congress to

• A)give special treatment to specific types of behavior.
• B)reduce the overall administrative burden of the tax system.
• C)raise revenues for special projects.
• D)All of the above are correct.

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Definitions:

Inventory Items

Goods and materials that a business holds for the purpose of sale or production.