Using the Following Choices, Show the Justification for Each Provision

question 104

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 deduction for certain expenses (interest and taxes) incident to home ownership.

• 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:

Pain-Controlling Chemicals

Biological substances produced by the body, such as endorphins, that help to naturally relieve pain.

Neurons

Special cells found in the nervous system that are designed to transfer information to other nerve cells, muscles, or glandular cells.

Inhibitory Neurotransmitter

Chemical substances released by neurons in the brain to decrease the activity of other neurons, thus reducing excitability and preventing overstimulation.

GABA

A major inhibitory neurotransmitter in the brain involved in reducing neuronal excitability throughout the nervous system.