Using the Following Choices, Show the Justification for Each Provision

question 121

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.
-Tax on transfers at death (inheritance type)

• 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:

Psychological Dependence

A form of dependence characterized by a perceived need to continue a behavior to achieve emotional or psychological fulfillment.

Physical Dependence

A physiological state of adaptation to a substance, characterized by the occurrence of specific withdrawal symptoms when it is discontinued.

Drug-centered Lifestyle

A way of life that prioritizes the consumption of drugs, often leading to social, legal, and health problems.

Flashback

denotes a sudden, vivid, and often distressing recollection of a past memory or event.