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Income Tax Fundamentals 2017 35th Edition by Gerald E. Whittenburg - Test Bank
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,Chapter 1 The Individual Income Tax Return1. Which of the following is not a goal of the tax law?
a. Encouraging certain social goals such as contributions to charity.
b. Encouraging certain economic goals such as a thriving business community.
c. Encouraging smaller families.
d. Raising revenue to operate the government.
e. None of the above are goals of the tax law.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: ITF.WABG.16.LO:1-01 - LO:1-01
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - AICPA: FN-Reporting
KEYWORDS: Bloom's: Knowledge
DATE CREATED: 4/12/2016 3:37 PM
DATE MODIFIED: 4/12/2016 3:37 PM
QUESTION ID: JFND-GO3A-GE4D-RQJT
QUESTION G GCID-E7BW-1TBP-GPTU-EC5F-CFTS-CQMF-CC31-4CBO-CAHN-4CMR-GE4N-4QJA-GOAN-
LOBAL ID: 4CUN-GA4S-KPBU-CIDI-GWN8-EPRW-EMJT-CO4D-EPTT-CEAD-QCTZ-COSU-QATA-CESS-
GPMR-GOSU-RATW-GWSU-CCTZ-GO3U-RCBA-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
2. Which one of the following provisions was passed by Congress to meet a social goal of the tax law?
a. The deduction for job hunting expenses.
b. The charitable deduction.
c. The moving expense deduction for adjusted gross income.
d. The deduction for soil and water conservation costs available to farmers.
e. None of the above.
ANSWER: b
RATIONALE: Deductions for job hunting expenses, moving expenses, and soil and water conservation costs for
farmers are economic goals.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTI ITF.WABG.16.LO:1-01 - LO:1-01
VES:
NATIONAL STANDA United States - BUSPROG: Analytic
RDS:
STATE STANDARDS: United States - AK - AICPA: FN-Reporting
KEYWORDS: Bloom's: Knowledge
DATE CREATED: 4/12/2016 3:37 PM
DATE MODIFIED: 4/12/2016 3:37 PM
Copyright Cengage Learning. Powered by Cognero. Page 1
,Chapter 1 The Individual Income Tax Return
QUESTION ID: JFND-GO3A-GE4D-RQJO
QUESTION G GCID-E7BW-1TBP-GPTU-EC5F-CFTS-CQMF-CC31-4CBO-CAHN-4CMR-GE4N-4QJA-GOAN-
LOBAL ID: 4CUN-GA4S-KPBU-CIDI-GWN8-EPRW-EMJT-GR5U-CPUD-CPTU-QA3S-CCSU-YP3Z-8YSS-E3JO-
GOSU-K3UR-GCSU-1P31-GOHG-CC5G-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
3. List two general objectives of the tax code.
ANSWER: The tax code promotes social goals, economic goals and raising revenue.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Subjective Short Answer
HAS VARIABLES: False
LEARNING OBJECTIVES: ITF.WABG.16.LO:1-01 - LO:1-01
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - AICPA: FN-Reporting
KEYWORDS: Bloom's: Knowledge
DATE CREATED: 4/12/2016 3:37 PM
DATE MODIFIED: 4/12/2016 3:37 PM
QUESTION ID: JFND-GO3A-GE4D-RQJZ
QUESTION G GCID-E7BW-1TBP-GPTU-EC5F-CFTS-CQMF-CC31-4CBO-CAHN-4CMR-GE4N-4QJA-GOAN-
LOBAL ID: 4CUN-GA4S-KPBU-CIDI-GWN8-EPRW-EMJ1-CC3D-QAUD-GR4D-ECTZ-COSS-EAMN-8RSU-
QCMD-GOSU-CQJU-CASU-EPDD-8BOS-EQBI-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
4. Mark a “Yes” to each of the following if it is an objective of the tax code. Otherwise mark with a “No.”
a. To provide a car to each American.
b. To promote giving to charities.
c. To encourage taxpayers to send their children to college.
d. To raise money to operate the government.
e. To promote the use of solar energy.
ANSWER: a. No
b. Yes
c. Yes
d. Yes
e. Yes
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Subjective Short Answer
HAS VARIABLES: False
LEARNING OBJECTIVES: ITF.WABG.16.LO:1-01 - LO:1-01
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - AICPA: FN-Reporting
KEYWORDS: Bloom's: Knowledge
DATE CREATED: 4/12/2016 3:37 PM
DATE MODIFIED: 4/12/2016 3:37 PM
QUESTION ID: JFND-GO3A-GE4D-RQJS
Copyright Cengage Learning. Powered by Cognero. Page 2
, Chapter 1 The Individual Income Tax Return
QUESTION G GCID-E7BW-1TBP-GPTU-EC5F-CFTS-CQMF-CC31-4CBO-CAHN-4CMR-GE4N-4QJA-GOAN-
LOBAL ID: 4CUN-GA4S-KPBU-CIDI-GWN8-EPRW-EMJ1-GY4S-EPMR-GH5D-YPMG-GOSS-RCB3-CRSS-
EPDG-GOSU-O3DN-GRSU-Q3JO-GE5U-Y3DD-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
5. The US federal tax law's sole purpose is to raise revenue.
a. True
b. False
ANSWER: False
RATIONALE: The tax law has many goals including raising revenue.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: ITF.WABG.16.LO:1-01 - LO:1-01
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - AICPA: FN-Reporting
KEYWORDS: Bloom's: Knowledge
DATE CREATED: 4/12/2016 3:37 PM
DATE MODIFIED: 4/12/2016 3:37 PM
QUESTION ID: JFND-GO3A-GE4D-RQJI
QUESTION G GCID-E7BW-1TBP-GPTU-EC5F-CFTS-CQMF-CC31-4CBO-CAHN-4CMR-GE4N-4QJA-GOAN-
LOBAL ID: 4CUN-GA4S-KPBU-CIDI-GWN8-EPRW-EMMR-COAU-YAJI-GH4U-N3B1-CRSS-EPUB-8RSS-
EPTT-GOSU-QPTA-8RSS-KAJU-GA5G-NCB1-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
6. Which of the following is not a goal of the tax law?
a. Ensuring that all persons pay the same amount of tax.
b. Economic goals such as reduction in unemployment.
c. Social goals such as lowering the cost of adoption.
d. Raise adequate revenue to operate the government.
ANSWER: a
RATIONALE: Raising revenue, social and economic goals are all purposes of the tax law.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: ITF.WABG.16.LO:1-01 - LO:1-01
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - AICPA: FN-Reporting
KEYWORDS: Bloom's: Knowledge
DATE CREATED: 4/12/2016 3:37 PM
DATE MODIFIED: 4/12/2016 3:37 PM
QUESTION ID: JFND-GO3A-GE4D-RQJW
QUESTION G GCID-E7BW-1TBP-GPTU-EC5F-CFTS-CQMF-CC31-4CBO-CAHN-4CMR-GE4N-4QJA-GOAN-
LOBAL ID: 4CUN-GA4S-KPBU-CIDI-GWN8-EPRW-EMJA-CT1D-C3TI-GFOS-CCJ3-CASU-1PJS-CESS-RCTT-
GOSS-KPDD-GESU-KPMB-CR5D-RA5B-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
Copyright Cengage Learning. Powered by Cognero. Page 3
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