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Test Bank For McGraw-Hill-s Taxation of Individuals 2023 Edition, 14th Edition All Chapters

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Brian C. Spilker, Professor, Benjamin C. Ayers, John A. Barrick, Troy Lewis, John Robinson, Professor, Connie Weaver, Ronald G. Worsham McGraw Hill\'s Taxation of Individuals 2022 Edition

Edition:2021
ISBN:9781264368921
Edition:Unknown

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Course: McGraw Hill\\\'s Taxation

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Uploaded on: April 18, 2025
Number of pages: 63
Written in: 2024/2025
Type: Exam (elaborations)
Contains: Questions & answers

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mcgraw hill s taxation
test bank for mcgraw hill s taxation of individual

Content preview

k

2-1k
Copyrightk©k2016kMcGraw-
HillkEducation.kAllkrightskreserved.kNokreproductionkorkdistributionkwithoutkthekpriorkwritte
nkconsentkofk
McGraw-HillkEducation.k
Chapterk02k
PolicykStandardskforkakGoodkTaxk
kk
k

Truek/kFalsekQuestionsk
kk

1.k
Aktaxkmeetskthekstandardkofksufficiencykifkitkiskeasykforkpeoplektokpaykthektax.kk
kk

TruekkkkFalsek
kk

2.kThekfederalkgovernmentkisknotkrequiredktokpaykinterestkonktheknationalkdebt.kk
kk

TruekkkkFalsek
kk

3.kAkstatickforecastkofkthekrevenuekeffectkofkaktaxkratekchangekassumeskthatkthektaxkbasekdoesk
notk
change.kk
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kk

4.kAkdynamickforecastkofkthekrevenuekeffectkofkaktaxkratekchangekassumeskthatkthektaxkbasekd
oesknotk
change.kk
kk

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kk

5.kThekfederalkSocialkSecurityktaxkburdenkonkemployeeskhasknotkincreasedksincek1990kbecaus
ekthektaxk
ratekhasknotkincreasedksincekthatkyear.kk
kk

TruekkkkFalsek
kk

6.kIfkStatekHkincreaseskitsksalesktaxkratekbyk1%,kitsksalesktaxkrevenuekmustkalsokincreasekbyk1
%.kk
kk

TruekkkkFalsek
kk

DOWNLOADkTHEkTestkBankkforkPrincipleskofkTaxationkforkBusinesskand
kkkkkkkkkkkInvestmentkPlanningk2016k19thkEditionkJones

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k

2-2k
Copyrightk©k2016kMcGraw-
HillkEducation.kAllkrightskreserved.kNokreproductionkorkdistributionkwithoutkthekpriorkwritte
nkconsentkofk
McGraw-HillkEducation.k

,7.k
ThekcitykofkBernekrecentlykenactedkak10%ktaxkonkthekpricekofkaksubwaykticket.kConsequently,k
Mrs.k
Laneknowkwalksktokworkkinsteadkofktakingktheksubway.kHerkbehaviorkillustratesktheksubstitut
ionk
effectkofkaktaxkincrease.kk
kk

TruekkkkFalsek
kk

8.kJurisdictionkPkrecentlykincreasedkitskincomektaxkrate.kAktaxpayerkwhokreactsktokthekincreas
ekbyk
workingkharderktokearnkmorekincomekiskdemonstratingkthekincomekeffectkofkthekratekincreas
e.kk
kk

TruekkkkFalsek
kk

9.kAccordingktoksupply-sidekeconomicktheory,kakdecreasekinktaxkrateskforkhigh-
incomekindividualsk
couldkactuallykcausekankincreasekinktaxkrevenue.kk
kk

TruekkkkFalsek
kk

10.kSupply-
sidekeconomicktheorykholdskthatkpeoplekwhokbenefitkfromkaktaxkratekreductionkwillkspendk
theirktaxkwindfallkonkconsumptionkgoods.kk
kk

TruekkkkFalsek
kk

11.kStatekusektaxeskarekmorekconvenientkforkindividualkconsumerskthankstateksalesktaxes.kk
kk

TruekkkkFalsek
kk

12.kThekInternalkRevenuekService'skcostkofkcollectingk$100kofktaxkrevenuekiskaboutk$3.kk
kk

TruekkkkFalsek
kk

13.kAkconvenientktaxkhasklowkcompliancekcostskforktaxpayerskandklowkcollectionkandkenforce
mentkcostsk
forkthekgovernment.kk
kk

TruekkkkFalsek
kk

DOWNLOADkTHEkTestkBankkforkPrincipleskofkTaxationkforkBusinesskand
kkkkkkkkkkkInvestmentkPlanningk2016k19thkEditionkJones

nursytestbank.store
k

2-3k
Copyrightk©k2016kMcGraw-
HillkEducation.kAllkrightskreserved.kNokreproductionkorkdistributionkwithoutkthekpriorkwritte
nkconsentkofk
McGraw-HillkEducation.k
14.kAccordingktokthekclassicalkconceptkofkefficiency,kankefficientktaxkshouldkbekneutralkinkitskef

,fectkonk
freekmarketkallocationskofkeconomickresources.kk
kk

TruekkkkFalsek
kk

15.kAccordingktokthekKeynesiankconceptkofkefficiency,kankefficientktaxkshouldkbekneutralkinkits
keffectkonk

freekmarketkallocationskofkeconomickresources.kk
kk

TruekkkkFalsek
kk

16.kAktaxkmeetskthekstandardkofkefficiencykifkitkgenerateskenoughkrevenuektokpaykforkthekpubl
ickgoodsk
andkserviceskprovidedkbykthekgovernment.kk
kk

TruekkkkFalsek
kk

17.kAkprovisionkinkthektaxklawkdesignedktokencouragekakspecifickeconomickbehaviorkiskaktaxkp
reference.kk
kk

TruekkkkFalsek
kk

18.kAkgoodktaxkshouldkresultkinkeitherkhorizontalkorkverticalkequitykacrossktaxpayers.kk
kk

TruekkkkFalsek
kk

19.kChangeskinkthektaxklawkintendedktokmakekthekmeasurementkofktaxablekincomekmorekprec
isekusuallyk
makekthektaxklawklesskcomplex.kk
kk

TruekkkkFalsek
kk

20.kVerticalkequitykfocuseskonkmeasurementkofkthektaxkbase,kandkhorizontalkequitykfocusesko
nkthektaxk
ratekstructure.kk
kk

TruekkkkFalsek
kk

21.kTaxksystemskwithkregressivekratekstructureskresultkinkakproportionallykheavierktaxkburde
nkonkpersonsk
withksmallerktaxkbases.kk
kk

TruekkkkFalsek
kk

DOWNLOADkTHEkTestkBankkforkPrincipleskofkTaxationkforkBusinesskand
kkkkkkkkkkkInvestmentkPlanningk2016k19thkEditionkJones

nursytestbank.store
k

2-4k
Copyrightk©k2016kMcGraw-
HillkEducation.kAllkrightskreserved.kNokreproductionkorkdistributionkwithoutkthekpriorkwritte
nkconsentkofk
McGraw-HillkEducation.k

, 22.kAkprogressivekratekstructurekandkakproportionatekratekstructurekbothkresultkinkverticalke
quitykacrossk
taxpayers.kk
kk

TruekkkkFalsek
kk

23.kThekU.S.kindividualkincomektaxkhaskalwayskusedkakprogressivekratekstructure.kk
kk

TruekkkkFalsek
kk

24.kThekdecliningkmarginalkutilitykofkincomekacrosskindividualskcankbekmeasuredkempirically
.kk
kk

TruekkkkFalsek
kk

25.kTaxkliabilitykdividedkbyktaxablekincomekequalskmarginalktaxkrate.kk
kk

TruekkkkFalsek
kk

26.kIfkaktaxkhaskakproportionatekratekstructure,kaktaxpayer'skmarginalkratekandkaveragekrateka
rekequal.kk
kk

TruekkkkFalsek
kk

27.kIfkaktaxkhaskakprogressivekratekstructure,kaktaxpayer'skaveragekratekiskgreaterkthankherkma
rginalkrate.kk
kk

TruekkkkFalsek
kk

28.kThektheorykofkdistributionalkjusticekiskakrationalekforkakprogressivekincomektaxksystem.kk
kk

TruekkkkFalsek
kk

29.kIndividualskwhokbelievekthatkaktaxksystemkiskfairkareklessklikelyktokcheatkonktheirktaxeskth
ank
individualskwhokbelievekthatktheksystemkiskunfair.kk
kk

TruekkkkFalsek
kk

30.kManyktaxpayerskbelievekthekincomektaxksystemkiskunfairkbecausekitkisksokcomplicated.kk
kk

TruekkkkFalsek
kk

DOWNLOADkTHEkTestkBankkforkPrincipleskofkTaxationkforkBusinesskand
kkkkkkkkkkkInvestmentkPlanningk2016k19thkEditionkJones

nursytestbank.store
k

2-5k
Copyrightk©k2016kMcGraw-
HillkEducation.kAllkrightskreserved.kNokreproductionkorkdistributionkwithoutkthekpriorkwritte
nkconsentkofk
McGraw-HillkEducation.k
kk
k

MultiplekChoicekQuestionsk

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