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:

Slavery Abolition

The legal termination and prohibition of slavery, involving the emancipation of enslaved people and the banning of the slave trade and slave ownership.

John Brown

An American abolitionist leader in the 19th century known for his militant opposition to slavery.

Harpers Ferry

A historic town in West Virginia, known for John Brown's raid in 1859, which was intended to initiate an armed slave revolt.

Abolitionists

Individuals and groups who advocated for the immediate end of slavery and the emancipation of slaves, active especially in the 19th century.