dr.j
,Order link: https://docxstudy.com/product/test-bank-for-mcgraw-hills-taxation-of-individuals-and-
business-entities-2024-15th-edition-by-spilker-ayers-barrick/
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
1) The goal of tax planning is tax minimization.
1) ______
⊚ true
⊚ false
Question Details
AACSB : Reflective Thinking
AICPA : BB Critical Thinking
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Bloom's : Remember
Difficulty : 1 Easy
Gradable : automatic
Learning Objective : 03-01 Identify the objectives of basic tax planning strategies.
Topic : Basic Tax Planning Overview
Type : Static
Source : Chapter 03 Test Bank - Static and Algo > TB TF Qu. 03-01 (Static) The goal of tax...
2) Nontax factors do not play an important role in tax planning.
2) ______
⊚ true
⊚ false
Question Details
AACSB : Reflective Thinking
AICPA : BB Critical Thinking
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Bloom's : Analyze
Difficulty : 1 Easy
Gradable : automatic
Learning Objective : 03-01 Identify the objectives of basic tax planning strategies.
Topic : Basic Tax Planning Overview
Type : Static
Source : Chapter 03 Test Bank - Static and Algo > TB TF Qu. 03-02 (Static) Nontax factors do not play an
important role in...
Version 1 1
dr.j
,Order link: https://docxstudy.com/product/test-bank-for-mcgraw-hills-taxation-of-individuals-and-
business-entities-2024-15th-edition-by-spilker-ayers-barrick/
3) Virtually every transaction involves the taxpayer and two other parties that have an interest in
the tax ramifications of the transaction.
3) ______
⊚ true
⊚ false
Question Details
AACSB : Reflective Thinking
AICPA : BB Critical Thinking
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Bloom's : Analyze
Difficulty : 2 Medium
Gradable : automatic
Learning Objective : 03-01 Identify the objectives of basic tax planning strategies.
Topic : Basic Tax Planning Overview
Type : Static
Source : Chapter 03 Test Bank - Static and Algo > TB TF Qu. 03-03 (Static) Virtually every transaction involves the
taxpayer...
4) The timing strategy is based on the idea that the location of where the income is taxed affects
the tax costs of the income.
4) ______
⊚ true
⊚ false
Question Details
AACSB : Reflective Thinking
AICPA : BB Critical Thinking
AICPA : FN Decision Making
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Bloom's : Analyze
Difficulty : 2 Medium
Gradable : automatic
Learning Objective : 03-02 Apply the timing strategy.
Topic : Timing Strategies
Type : Static
Source : Chapter 03 Test Bank - Static and Algo > TB TF Qu. 03-04 (Static) The timing strategy is based on the idea
that the...
Version 1 2
dr.j
, Order link: https://docxstudy.com/product/test-bank-for-mcgraw-hills-taxation-of-individuals-and-
business-entities-2024-15th-edition-by-spilker-ayers-barrick/
5) In general, tax planners prefer to accelerate deductions.
5) ______
⊚ true
⊚ false
Question Details
AACSB : Reflective Thinking
AICPA : FN Decision Making
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Bloom's : Analyze
Difficulty : 1 Easy
Gradable : automatic
Learning Objective : 03-02 Apply the timing strategy.
Topic : Timing Strategies
Type : Static
Source : Chapter 03 Test Bank - Static and Algo > TB TF Qu. 03-05 (Static) In general, tax planners prefer to
accelerate...
6) The concept of present value is an important part of the timing strategy.
6) ______
⊚ true
⊚ false
Question Details
AACSB : Reflective Thinking
AICPA : FN Decision Making
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Bloom's : Analyze
Difficulty : 1 Easy
Gradable : automatic
Learning Objective : 03-02 Apply the timing strategy.
Learning Objective : 03-03 Apply the concept of present value to tax planning.
Topic : Timing Strategies
Type : Static
Source : Chapter 03 Test Bank - Static and Algo > TB TF Qu. 03-06 (Static) The concept of present value is an
important part...
Version 1 3
dr.j
,Order link: https://docxstudy.com/product/test-bank-for-mcgraw-hills-taxation-of-individuals-and-
business-entities-2024-15th-edition-by-spilker-ayers-barrick/
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
1) The goal of tax planning is tax minimization.
1) ______
⊚ true
⊚ false
Question Details
AACSB : Reflective Thinking
AICPA : BB Critical Thinking
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Bloom's : Remember
Difficulty : 1 Easy
Gradable : automatic
Learning Objective : 03-01 Identify the objectives of basic tax planning strategies.
Topic : Basic Tax Planning Overview
Type : Static
Source : Chapter 03 Test Bank - Static and Algo > TB TF Qu. 03-01 (Static) The goal of tax...
2) Nontax factors do not play an important role in tax planning.
2) ______
⊚ true
⊚ false
Question Details
AACSB : Reflective Thinking
AICPA : BB Critical Thinking
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Bloom's : Analyze
Difficulty : 1 Easy
Gradable : automatic
Learning Objective : 03-01 Identify the objectives of basic tax planning strategies.
Topic : Basic Tax Planning Overview
Type : Static
Source : Chapter 03 Test Bank - Static and Algo > TB TF Qu. 03-02 (Static) Nontax factors do not play an
important role in...
Version 1 1
dr.j
,Order link: https://docxstudy.com/product/test-bank-for-mcgraw-hills-taxation-of-individuals-and-
business-entities-2024-15th-edition-by-spilker-ayers-barrick/
3) Virtually every transaction involves the taxpayer and two other parties that have an interest in
the tax ramifications of the transaction.
3) ______
⊚ true
⊚ false
Question Details
AACSB : Reflective Thinking
AICPA : BB Critical Thinking
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Bloom's : Analyze
Difficulty : 2 Medium
Gradable : automatic
Learning Objective : 03-01 Identify the objectives of basic tax planning strategies.
Topic : Basic Tax Planning Overview
Type : Static
Source : Chapter 03 Test Bank - Static and Algo > TB TF Qu. 03-03 (Static) Virtually every transaction involves the
taxpayer...
4) The timing strategy is based on the idea that the location of where the income is taxed affects
the tax costs of the income.
4) ______
⊚ true
⊚ false
Question Details
AACSB : Reflective Thinking
AICPA : BB Critical Thinking
AICPA : FN Decision Making
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Bloom's : Analyze
Difficulty : 2 Medium
Gradable : automatic
Learning Objective : 03-02 Apply the timing strategy.
Topic : Timing Strategies
Type : Static
Source : Chapter 03 Test Bank - Static and Algo > TB TF Qu. 03-04 (Static) The timing strategy is based on the idea
that the...
Version 1 2
dr.j
, Order link: https://docxstudy.com/product/test-bank-for-mcgraw-hills-taxation-of-individuals-and-
business-entities-2024-15th-edition-by-spilker-ayers-barrick/
5) In general, tax planners prefer to accelerate deductions.
5) ______
⊚ true
⊚ false
Question Details
AACSB : Reflective Thinking
AICPA : FN Decision Making
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Bloom's : Analyze
Difficulty : 1 Easy
Gradable : automatic
Learning Objective : 03-02 Apply the timing strategy.
Topic : Timing Strategies
Type : Static
Source : Chapter 03 Test Bank - Static and Algo > TB TF Qu. 03-05 (Static) In general, tax planners prefer to
accelerate...
6) The concept of present value is an important part of the timing strategy.
6) ______
⊚ true
⊚ false
Question Details
AACSB : Reflective Thinking
AICPA : FN Decision Making
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Bloom's : Analyze
Difficulty : 1 Easy
Gradable : automatic
Learning Objective : 03-02 Apply the timing strategy.
Learning Objective : 03-03 Apply the concept of present value to tax planning.
Topic : Timing Strategies
Type : Static
Source : Chapter 03 Test Bank - Static and Algo > TB TF Qu. 03-06 (Static) The concept of present value is an
important part...
Version 1 3
dr.j
