Match Each Statement with the Correct Term Below

question 27

Multiple Choice

Match each statement with the correct term below.
-Claim of Right Doctrine

• A)Income is subject to tax when it is received without restrictions as to its use or disposition.
• B)Income is considered received when it is credited to the taxpayer's account or made unconditionally available to the taxpayer.
• C)A concept that is fundamental to the progressive tax rate structure.
• D)To be deductible, an expenditure must be made for a business or economic purpose that is greater than any tax avoidance motive of the taxpayer.
• E)The amount of a deduction may not exceed its cost.
• F)Income should be recognized and a tax paid when the taxpayer has the resources to pay the tax.
• G)A type of deductible expenditure that embodies the profit motive requirement.
• H)Allows the omission of items from the tax base for which the costs of compliance exceeds the revenue generated.
• I)A category of expenses that is specifically disallowed.

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Definitions:

Ethical Rules

Guidelines designed to outline acceptable behaviors and actions, typically within a professional setting, to ensure fair and moral practices.

Plea Bargaining

A legal process in which the defendant and the prosecutor negotiate a mutually satisfactory outcome of the case, often resulting in the defendant pleading guilty to a lesser charge.

Prosecutor's Constitutional Duty

The responsibility of a prosecutor to uphold the constitution by ensuring justice and the legal rights of all parties in a court.

Voluntary Disclosure

A process where an individual or entity willingly provides information or data without being coerced or obliged by law.