AN INTRODUCTION TO TAXATION AND UNDERSTANDING THE FEDERAL TAX LAW参考.doc

CHAPTER 1 AN INTRODUCTION TO TAXATION AND UNDERSTANDING THE FEDERAL TAX LAW Instructor: The test items in both the print Test Bank and ExamView test-creation software are numbered by question type within each chapter. Thus, users of ExamView can more easily preview their selections using the printed Test Bank in the same numbering system. Learning Objective, Level of Difficulty, Estimated Time to Completion, and the AACSB’s and AICPA’s Core Competencies for each test item are located within the item itself. Status: Q/P Question/ Present in Prior Problem Topic Edition Edition TRUE OR FALSE 1 Relationship of the 16th Amendment to the income Modified 1 tax on corporations 2 Income taxes—revenues raised Unchanged 2 3 Adam Smith and canons of taxation Unchanged 3 4 Examples of proportional taxes Modified 4 5 Examples of progressive taxes Unchanged 5 6 Progressiveness of Federal income tax in point Unchanged 6 of time 7 Ad valorem tax: effect of residence conversion Modified 7 8 Ad valorem tax: fixtures Unchanged 8 9 Ad valorem tax: effect of conservation easement New 10 Ad valorem tax: taxpayer compliance in types Unchanged 10 of personalty 11 Ad valorem tax: imposed on intangibles Unchanged 11 12 Federal excise tax: transaction no longer covered Modified 12 13 Federal and state excise tax on tobacco products Modified 13 14 Federal gas guzzler tax Unchanged 14 15 Excise tax on gasoline: Federal/state contrast Unchanged 15 16 Hotel occupancy tax and car rental surcharge: Unchanged 16 current status 17 Sales tax and use tax Unchanged 17 18 Mail order sales and the sales or use tax Unchanged 18 19 Sales tax and local levies Unchanged 19 20 State sales tax and state income tax Unchanged 20 21 Sales tax holidays Unchanged 21 22 Local and state sales taxes: avoidance of Unchanged 22 23 Estate tax versus inheritance tax Unchanged 23 24 Incidence of the estate tax Unchanged 24 Status: Q/P Question/