Using the Following Choices, Show the Justification for Each Provision

question 148

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.
-A small business corporation can elect to avoid the corporate income tax.

• 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:

Maturity

A state of being fully developed in one's emotional, physical, and intellectual capacities, often associated with adulthood and reasoned decision-making.

G. Stanley Hall

An influential American psychologist and educator best known for his work in developmental psychology and education.

Biological Maturation

The natural process by which organisms grow and develop, guided by genetic factors and largely independent of external influences.

Freud

Refers to Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.