Identify which of the following statements is true.
A) If regulations are issued prior to the latest tax legislation dealing with a specific Code section, the regulations are no longer effective to the extent they conflict with the provisions in the new legislation.
B) Legislative regulations are more likely to be invalidated by the courts than are interpretative regulations.
C) Regulations have more authoritative weight than tax statutes.
D) All of the above are false.
A) If regulations are issued prior to the latest tax legislation dealing with a specific Code section, the regulations are no longer effective to the extent they conflict with the provisions in the new legislation.
You might also like to view...
What contributes to implicit bias as it relates to social status?
A. People tend to focus on individuals who are socially different from themselves. B. People often perceive those with disabilities as noncontributors to society with no social status. C. People in a higher position in the social hierarchy tend to be viewed more positively than those with a lower position. D. People tend to perceive others similar to themselves more positively. E. People tend to view themselves more positively than others around them.
What is the best way to achieve excellence in professional presentations?
a. Use only information from government agencies or science journals. b. Present quickly and make lots of eye contact. c. Use personal examples. d. Continually evaluate the professional context as you research and then design your presentation.
Calculate the ending merchandise inventory for the month of March.
Yoshino, Inc., a merchandising company, has the following budgeted figures:
A) $33,400
B) $63,000
C) $31,540
D) $48,000
The break-even point was determined to be 3,000 units/month. Next month begins an increased lease payment for the production facility. The overall effect will be to increase the fixed costs by 10%. How will the break-even point be affected?
What will be an ideal response?