Exam (elaborations)
TAX 4001 - Exam 1 (1, 2, 3, 4, and 6) (1)
- Module
- Prometric CNA Skills rubrics
- Institution
- Prometric CNA Skills Rubrics
TAX 4001 - Exam 1 (1, 2, 3, 4, and 6) (1)
[Show more]
Seller
Follow
Content preview
TAX 4001 - Exam 1 (1, 2, 3, 4, and 6)Which of the following is NOT a standard for good tax policy? - ANS-Representation
Which of the following is NOT a taxpayer - ANS-Partnership
Which of the following terms refers to a temporary exemption from a tax? -
ANS-Abatement
What is another name for a property tax? - ANS-Ad valorem tax
In which marginal tax rate structure does the tax rate increase as the tax base
increases? - ANS-Progressive
Which of the following types of taxes is NOT used by the Federal government? -
ANS-Use tax
Which of the following is NOT an administrative authority/source of tax law? -
ANS-Internal Revenue Codes
Which of the following is NOT a congressional committee involved with the passage of
tax law? - ANS-Appropriations Committee
Which of the following is NOT an aspect of a fair tax? - ANS-Easy to compute/pay
Which of the following is NOT a variable related to a maxim of tax planning? -
ANS-Evasion Variable
What is the basic concept behind TVM? - ANS-A dollar today is worth more than a
dollar tomorrow
An after tax cash outflow is reduced by a tax savings when - ANS-The related expense
is deductible
Which of the following is the ultimate goal of tax planning? - ANS-Maximize firm value
In which of the following types of transactions are parties NOT able to customize their
transaction? - ANS-Public market transaction
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller lydiaomutho. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £6.46. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
62890 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now