SOUTH-WESTERN FEDERAL TAXATION
2024 COMPREHENSIVE VOLUME 47TH
EDITION YOUNG PERSELLIN NELLEN
MALONEY CUCCIA LASSAR CRIPE
SOLUTION MANUAL ACTUAL
EXAMINATION 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
⫸ A system whereby income taxes are withheld systematically from
current wages can be referred to as a "pay-as-you-go" system. Answer:
True
⫸ An equitable tax system is a fair tax system. Answer: True
⫸ Since 1980, the group of taxpayers whose tax burden has increased
the most is Answer: Individuals
⫸ Revenue legislation begins in the Senate Answer: False
⫸ Tax avoidance can be the sole business purpose for a transaction
Answer: False
, ⫸ Tax avoidance is discouraged as being anti-American. Answer: False:
Perfectly legal and encourage by our society
⫸ What notion recognizes that mere appreciation in value does not
necessarily mean that the owner has the resources to pay the tax
associated with the appreciation: Answer: wherewithal-to-pay concept
⫸ The ultimate source of power to tax resides with the Answer:
Constitution
⫸ The rate of tax that a taxpayer pays on the last dollar of income is
known as Answer: the marginal tax rate
⫸ The most popular form of doing business in the United States is
Answer: Single proprietorship
⫸ The doctrine of separation of powers refers to the relationship
between the Internal Revenue Service and the Treasury Department.
Answer: False
⫸ The current tax system can be classified as "pay-as-you-go." Answer:
True
⫸ The Sixteenth Amendment to the U.S. Constitution affects Answer:
direct taxes
2024 COMPREHENSIVE VOLUME 47TH
EDITION YOUNG PERSELLIN NELLEN
MALONEY CUCCIA LASSAR CRIPE
SOLUTION MANUAL ACTUAL
EXAMINATION 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
⫸ A system whereby income taxes are withheld systematically from
current wages can be referred to as a "pay-as-you-go" system. Answer:
True
⫸ An equitable tax system is a fair tax system. Answer: True
⫸ Since 1980, the group of taxpayers whose tax burden has increased
the most is Answer: Individuals
⫸ Revenue legislation begins in the Senate Answer: False
⫸ Tax avoidance can be the sole business purpose for a transaction
Answer: False
, ⫸ Tax avoidance is discouraged as being anti-American. Answer: False:
Perfectly legal and encourage by our society
⫸ What notion recognizes that mere appreciation in value does not
necessarily mean that the owner has the resources to pay the tax
associated with the appreciation: Answer: wherewithal-to-pay concept
⫸ The ultimate source of power to tax resides with the Answer:
Constitution
⫸ The rate of tax that a taxpayer pays on the last dollar of income is
known as Answer: the marginal tax rate
⫸ The most popular form of doing business in the United States is
Answer: Single proprietorship
⫸ The doctrine of separation of powers refers to the relationship
between the Internal Revenue Service and the Treasury Department.
Answer: False
⫸ The current tax system can be classified as "pay-as-you-go." Answer:
True
⫸ The Sixteenth Amendment to the U.S. Constitution affects Answer:
direct taxes
