Which is not one of Adam Smith's canons (principles) of taxation OA. Economy in collection B. Certainty OC. Convenience of payment O D. Simplicity O E. None of these
Which is not one of Adam Smith's canons (principles) of taxation OA. Economy in collection B. Certainty OC. Convenience of payment O D. Simplicity O E. None of these
Chapter1: Understanding And Working With The Federal Tax Law
Section: Chapter Questions
Problem 2DQ
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Transcribed Image Text:Which is not one of Adam Smith's canons (principles) of taxation
A. Economy in collection
B. Certainty
OC. Convenience of payment
D. Simplicity
E. None of these
Transcribed Image Text:Which of the following are true statements
A. All of these are true
B. Under the Federal income tax formula for individuals, a choice must be made between claiming deductions for AGI and itemized deductions.
O C. Currently, the top income tax rate in effect is not the highest it has ever been.
D. An above-the-line deduction refers to a deduction from AGI
E. none of these are true
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