UStaxpayers Spend Many Hours During the Year Maintaining Records for Tax

question 152

Multiple Choice

U.S.taxpayers spend many hours during the year maintaining records for tax purposes and preparing their income tax returns.This administrative cost

• A)is part of the deadweight loss of taxation.
• B)is equal to the value of consumer surplus associated with the income tax system.
• C)can be claimed as a deduction on income tax returns.
• D)is larger for individuals in the lowest income quintile than for individuals in the highest income quintile.

---

Definitions:

Run

In computing, to execute a program or process, initiating its operations.

Open

To engage in accessing the contents of a file, document, or other data storage medium, or beginning the use of an application.

Results View

The display area where the outcomes of a particular action, search, or computation are shown.

Design View

A feature in software applications that allows users to set up or modify the structure of a database or document layout.