Both Economic and Social Considerations Can Be Used to Justify

question 150

Multiple Choice

Both economic and social considerations can be used to justify:

• A)Favorable tax treatment for accident and health plans provided for employees and financed by employers.
• B)Disallowance of any deduction for expenditures deemed to be contrary to public policy (e.g., fines, penalties, illegal kickbacks, bribes to government officials).
• C)Various tax credits, deductions, and exclusions that are designed to encourage taxpayers to obtain additional education.
• D)Allowance of a deduction for state and local income taxes paid.
• E)None of these.

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Definitions:

Verbal Communication

The use of spoken words to convey information, ideas, or feelings.

Appropriation

The act of taking something for one's own use, generally without the owner's permission.

Exclusive Right

A legal provision granting someone the sole permission to engage in a particular activity or use a specific property.

Law of Torts

The body of laws governing civil wrongs that allow the injured party to receive compensation from those responsible for causing the harm.