Using the Following Choices, Show the Justification for Each Provision

question 160

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.
-A deduction for contributions by an employee to certain retirement plans.

• 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:

Valence

In motivational theory, the perceived value or attractiveness of a reward or outcome, influencing an individual's motivation to pursue it.

Readiness

The state of being fully prepared and willing to engage in a particular task, activity, or process, such as learning or change implementation.

Manager Emphasis

The focus or priority that management places on certain goals, strategies, or aspects of operations within an organization.

Benefits Received

The actual advantages or gains experienced by individuals or organizations from a service, product, or action.