Mrs Day Structures a Transaction to Shift Income from Her

question 47

Multiple Choice

Mrs. Day structures a transaction to shift income from her 20Y1 tax year to her 20Y2 tax year. This tax planning strategy may be taking advantage of the:

• A) Entity variable
• B) Time period variable
• C) Jurisdiction variable
• D) Character variable

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Definitions:

Public Policy

Public policy consists of the system of laws, regulatory measures, courses of action, and funding priorities by a governmental entity or its representatives.

Government Outsourcing

The practice of government agencies contracting external organizations or companies to provide services or perform tasks that were previously done by public employees.

Human Services

Human services is a field focused on meeting human needs through an interdisciplinary knowledge base, focusing on prevention as well as remediation of problems, and maintaining a commitment to improving the overall quality of life of service populations.

Double Bottom Line

A business strategy that values both financial returns and positive social or environmental outcomes.