Which of the Following Is NOT an Example of a Tax

question 12

Multiple Choice

Which of the following is NOT an example of a tax incentive policy?

• A) The federal government gives a tax credit to MNEs that make domestic capital improvements but not foreign capital improvements.
• B) Corporations are allowed to take a direct tax credit for each dollar of matching donations they make to institutions of higher education.
• C) A tax law is passed that makes interest on property non-tax-deductible, but interest payments on durable goods are.
• D) All are examples of a tax incentive policy.

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Definitions:

General Manager

An executive responsible for overseeing the daily operations and overall management of a business or organization.

Statute of Frauds

A legal principle that requires certain types of contracts, including those for the sale of land or goods over a certain value, to be in writing to be enforceable.

Interest in Land

A legal right or claim on property, entitling the holder to a specific interest or portion of the property such as ownership, use, or occupancy.

Executor

A person named in a will or appointed by a court, who is responsible for ensuring that a deceased person's estate is distributed according to the will and laws.