Using the Following Choices, Show the Justification for Each Provision

question 46

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.
-"Pay as you go" (paygo)

• 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:

Intrinsic Motivation

Intrinsic Motivation is the drive to act or engage in an activity for its inherent satisfaction or pleasure, rather than for some separable consequence or external reward.

Optimal Experience

The pleasure in performing the process of an activity itself, rather than achieving the goal.

Creative Process

The way in which creativity helps you develop ideas and solve problems.

Intuition

The ability to understand something instinctively, without the need for conscious reasoning.