Which of the Following Are Primary Sources of Tax Authority

question 31

Multiple Choice

Which of the following are primary sources of tax authority?

• A)Administrative sources.
• B)Judicial sources.
• C)Statutory sources.
• D)All of these.

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Definitions:

Direct Costs

Costs that can be directly attributed to the production of specific goods or services, such as labor and materials.

Factory Rent

Factory rent is the cost associated with leasing or renting a manufacturing facility, which is typically categorized as a fixed expense for the business.

Wages

Payments made to employees, typically on an hourly, daily, or weekly basis, for the labor or services they provide.

Electrical Cord

A flexible cable composed of insulated wires used for delivering electricity from a power source to an electrical device.