Using the Following Choices, Show the Justification for Each Provision

question 115

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.
-Use tax

• 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:

Grouped Frequency Distribution

A way of summarizing data by grouping values together into classes or intervals and displaying the count of data points within each class.

Interval

A type of variable measurement scale that represents ordered categories with equal distances between adjacent categories but no true zero point.

Ratio

A quantitative relationship between two numbers showing how many times the first number contains the second.

Pie Chart

A circular statistical graphic which is divided into slices to illustrate numerical proportion.