Assume the state of California plans to amend its personal income tax laws to allow parents to reduce their tax by the cost of infant car seats. Which of the following statements is true?
A. The amendment is intended to change social behavior.
B. The amendment creates a tax preference for parents who purchase infant car seats.
C. The amendment increases the neutrality of the tax law.
D. Both the amendment creates a tax preference for parents who purchase infant car seats and is also intended to change social behavior are true.
Answer: D
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The Cook Corporation has two divisions--East and West. The divisions have the following revenues and expenses: EastWestSales$580,000? $474,000? Variable costs 180,000? 229,300? Traceable fixed costs 172,500? 208,000? Allocated common corporate costs 114,800? 177,800? Net operating income (loss)$112,700? $(141,100)?The management of Cook is considering the elimination of the West Division. If the West Division were eliminated, its traceable fixed costs could be avoided. Total common corporate costs would be unaffected by this decision. Given these data, the elimination of the West Division would result in an overall company net operating income (loss) of:
A. $(65,100) B. $112,700 C. $(141,100) D. $(28,400)
What is the role of the WTO dispute settlement body?
A) to hear appeals on decisions made on a dispute B) to create panel reports on the findings of the dispute C) to hear the dispute from the plaintiff D) to review panel reports and adopt them if necessary
The organization that was created to facilitate the international coordination and unification of industrial standards is?
a. NIST b. ISO c. ISM d. MSF
Your current liquidity ratio is 2.0. If you take money out of your savings account to pay off a credit card your liquidity ratio will
A) increase. B) decrease. C) stay the same. D) More information is needed to determine what effect this action will have.