In Addition to Its Restriction on "Cruel and Unusual Punishments

question 244

Multiple Choice

In addition to its restriction on "cruel and unusual punishments," the Eight Amendment of the U.S. Constitution also holds that:

• A) no fines more than $50,000 may be imposed in civil cases
• B) there is no limit to the fines that may be imposed
• C) no excessive fines may be imposed
• D) no firearms may be brought to court
• E) none of the other choices are correct

Learn the limitations and qualifications for using the installment method for recognizing gains.

Acknowledge the definition of related parties for the purpose of tax rules.

Comprehend the specific time limits set for reinvesting in property as a condition for deferring gains.

Interpret the impact of receiving boot in like-kind exchanges and its effect on gain recognition.