Which of the Following Is Not an Administrative Source of Tax

question 61

Multiple Choice

Which of the following is not an administrative source of tax law?

• A)Field Service Advice
• B)Revenue Procedure
• C)Technical Advice Memoranda
• D)General Counsel Memorandum
• E)All of these are administrative sources.

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Definitions:

Break-Even Calculations

The process of determining the point at which revenues equal expenses, indicating that no net loss or gain has been realized.

Common Fixed Expenses

Overhead costs that do not vary with the level of production or sales, shared by multiple business units or products.

Variable Costing

A costing method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in product costs.

Ending Inventory

The total value of all goods available for sale at the end of an accounting period, not yet sold.