WGU C237.Taxation
Western Governors University
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(Top QUALITY 2024/2025 EXAM REVIEW) WGU C237.Taxation 1 Pre-Assesment, Top Exam Questions and answers, 100% Accurate, Rated A+
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WGU C237.Taxation 1 Pre-Assesment, 
Top Exam Questions and answers, 100% 
Accurate, Rated A+ 
What year was the U.S income tax on individuals permanently established? - -1913 
What is the highest level of legislative authority of tax law in the United States? - -Internal Revenue 
Code 
What are two primary sources of tax law in the United States? - -Court Decisions and Revenue 
Rulings 
What is a certainty when evaluating a tax system? - -Taxes can be estimated if annual income is the 
same...
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(Top QUALITY 2024/2025 EXAM REVIEW) WGU C237 Taxation I, Exam Questions and answers, 100% Accurate, VERIFIED.
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WGU C237 Taxation I, Exam Questions 
and answers, 100% Accurate, VERIFIED. 
Describe the history of taxation in the US - -unconstitutional 1895 
Sources of Tax Law-Legislative Branch - -- Internal Revenue Code (Top) 
- Congressional Committee Reports 
Describe the criteria of an equitable tax structure Equity - -Is it Fair 
Simplicity - -understandability 
Economy - -minimal compliance and administrative costs 
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Convenience - -no burden of records and compliance 
Certainty - -Stability and ce...
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(Top QUALITY 2024/2025 EXAM REVIEW) WGU C237 Taxation I Review, Questions and answers, 100% Accurate. VERIFIED.
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WGU C237 Taxation I Review, Questions 
and answers, 100% Accurate. VERIFIED. 
After the reinstatement of the individual federal income tax in 1894, why was the tax challenged in the 
courts? - Administration would be difficult since the tax was apportioned in proportion to state 
populations 
What are two primary sources of tax law in the United States? - Revenue Rulings, Court Decisions, 
Internal Revenue Code, Congressional Committee Reports, Income Tax Regulations, Revenue Procedures, 
a...
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(Top QUALITY 2024/2025 EXAM REVIEW) WGU C237 Taxation I Review for Final, Exam Questions & Answers, Graded A+ B)Progressive tax rate structure
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WGU C237 Taxation I Review for Final, 
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B)Progressive tax rate structure 
The U.S. Federal Income Tax System is: 
A)Regressive tax rate structure 
B)Progressive tax rate structure 
C)Proportional tax rate structure 
D)Possessive tax rate structure 
marginal tax rate 
U.S. Federal and State Income Taxes use a progressive tax rate structures. Progressive tax rate structures 
increase the ______________ as the tax base increases. 
Regressive tax rate 
_________...
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(Top QUALITY 2024/2025 EXAM REVIEW) WGU C237 Taxation I, Exam Questions and answers, 100% Accurate. Graded A+ Tax. (CHAPTER 1)
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WGU C237 Taxation I, Exam Questions 
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Tax. (CHAPTER 1) 
a payment required by a government that is unrelated to any specific benefit or service received from 
the government 
3 Criteria 
Payment must be 
*Required (not INVOLUNTARY) 
*Imposed by a government agency (federal, state, local) 
*Not tied directly to the benefit received by the taxpayer 
- Continuous debate whom to tax, what to tax, how much to tax 
Sin Tax 
taxes imposed on the purchase of goods...
Too much month left at the end of the money?
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(Top QUALITY 2024/2025 EXAM REVIEW)WGU C237 Taxation I, Exam Questions and answers, 100% Accurate, VERIFIED.
- Exam (elaborations) • 29 pages • 2023
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WGU C237 Taxation I, Exam Questions 
and answers, 100% Accurate, VERIFIED. 
Define each component of the individual income tax formula - -income from whatever source 
derived 
exclusions=any item of income that the tax laws says is not taxable 
gross income=all income received in cash, property, and services from whatever source derived and from 
which the taxpayer derives a direct economic benefit 
deductions for AGI=expense one would see on an income statement (wages, repairs, depreciation)...
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(Top QUALITY 2024/2025 EXAM REVIEW) WGU C237 Taxation 1 Review master questions and answers, rated A+. VERIFIED.
- Exam (elaborations) • 29 pages • 2023
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WGU C237 Taxation 1 Review master 
questions and answers, rated A+. 
VERIFIED. 
The largest source of revenues for the federal government comes from - -individual income taxes. 
Arthur pays tax of $5,000 on taxable income of $50,000 while taxpayer Barbara pays tax of $12,000 on 
$120,000. The tax is a - -proportional tax. 
Which of the following taxes is regressive? - -Federal Insurance Contributions Act (FICA) 
Sarah contributes $25,000 to a church. Sarah's marginal tax rate is 35% while her...
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(Top QUALITY 2024/2025 EXAM REVIEW) WGU C237 Tax Topic 1 Questions & Answers, ACCURATE, GRADED A+
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WGU C237 Tax Topic 1 Questions & 
Answers, ACCURATE, GRADED A+ 
The two components of the tax calculation are the tax rate and the taxpayer's status. T/F - -False, tax 
rate x tax base 
The 9th Amendment to the U.S. Constitution removed all doubt that a federal income tax was allowed 
under the U.S. Constitution. T/F - -False, The 16th amendment was ratified in February 1913. 
The tax base for the federal income tax is taxable income. T/F - -True 
Horizontal equity is defined in terms of tax...
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(Top QUALITY 2024/2025 EXAM REVIEW) WGU C237 Tax 1 2019 version, Exam Questions and answers, 100% Accurate, VERIFIED.
- Exam (elaborations) • 19 pages • 2023
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WGU C237 Tax 1 2019 version, Exam 
Questions and answers, 100% Accurate, 
VERIFIED. 
Two components of the tax calculation - tax base multiplied by the tax rate 
Characteristics of a "Tax" - >Payment required - NOT VOLUNTARY 
>Payment imposed by government agency (federal, state, local) 
>Payment not tied directly to benefit received by the taxpayer 
16th Amendment - removed all doubt that a federal income tax was allowed under the U.S. 
Constitution 
Horizontal equity - taxpayers ...
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