· Question 1
2 out of 2 points
No state has offered an income tax amnesty program more than once.
· Question 2
0 out of 2 points
For individual taxpayers, the interest rate for income tax refunds (overpayments) isthe same as that applicable to assessments (underpayments).
· Question 3
0.66667 out of 2 points
Match the statements that relate to each other. Note: Some choices may be used more than once or not at all.
o
o
o
· Question 4
0 out of 2 points
The pay-as-you-go feature of the Federal income tax on individuals conforms to Adam Smiths canon of certainty.
· Question 5
0 out of 2 points
A characteristic of FICA is that:
· Question 6
0 out of 2 points
The first income tax on individuals (after the ratification of the Sixteenth Amendment to the Constitution) levied tax rates from a low of 2% to a high of 6%.
· Question 7
0 out of 2 points
Which, if any, of the following transactions will increase a taxing jurisdictions revenue from the ad valorem tax imposed on real estate?
· Question 8
2 out of 2 points
Unlike FICA, FUTA requires that employers comply with state as well as Federal rules.
· Question 9
0 out of 2 points
Which, if any, of the following provisions cannot be justified as mitigating the effect of the annual accounting period concept?
Response Feedback:
The involuntary conversion provision is based on the wherewithal to pay concept (choice a.).
· Question 10
0 out of 2 points
If an income tax return is not filed by a taxpayer, there is no statute of limitations on assessments of tax by the IRS.