e M&M Proposition I without taxes?

H8. A- Describe what a progressive tax system and what a flat tax system are. B- Discuss the pros and cons of using these systems as the basis for our federal income tax brackets

Ma3. e general rate reduction applies ONLY to​ ________.   Question content area bottom   Part 1   Choose the correct answer.   A.   income of CCPCs   B.   capital gains   C.   property income of Canadian corporations   D.   income of corporations that is NOT subject to other tax benefits

For business deductions, which of the following is true (mark all that apply): A. An expense is not deductible under Federal law unless Congress creates a specific provision allowing it. B. None of these are true. OC. An expense has been held to be ordinary if it is normal, usual, or customary in the type of business conducted by the taxpayer, and an expense need not be recurring to be considered ordinary. D. An expense has been held to be necessary if a prudent businessperson would incur the same expense and the expense is expected to be appropriate and helpful in the taxpayer's business. OE. The courts have held that for any expense to be ordinary and necessary, it must also be reasonable in amount. If an expense is unreasonable, it is not deductible.