Using the Following Choices, Show the Justification for Each Provision

question 129

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.
-Mitigation of the annual accounting period concept

• 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

---

Definitions:

Role Sets

The array of roles attached to a single status in society, highlighting the complexity of social positions and the potential for role conflict.

Conform

To align one's behavior or beliefs with the norms, rules, or standards of a group or society, often due to social pressure or the desire for acceptance.

Rational Choice Theory

An economic principle that assumes individuals always make prudent and logical decisions that provide them with the highest personal utility.

Exchange

In sociology, the act of giving one thing and receiving another between two parties, often analyzed within social, economic, or cultural contexts.