Which of the following statements concerning tax preferences is true?
A. Tax preferences make the tax law more neutral across taxpayers.
B. The annual revenue loss from federal tax preferences is quantified in the Tax Expenditures Budget.
C. Tax preferences simplify the tax law.
D. Tax preferences increase the fairness of the tax law.
Answer: B
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_____ equips traveling salespeople with information technology to facilitate their productivity.
Fill in the blank(s) with the appropriate word(s).
Intense global competition and rapid technological advances create pressure to develop projects rapidly. This is an example of reducing project duration caused by
A. Imposed project deadlines. B. Time to market. C. Unforeseen project delays. D. High overhead. E. Incentive contracts.
U.S. GAAP permits firms to increase the balance sheet carrying values of tangible and intangible long-lived assets when the fair values of their assets increase
Indicate whether the statement is true or false
All except one of the following accounts will be increased with a debit:
A) Unearned Revenues B) Land C) Accounts Receivable D) Cash