True False ANSWER: RATIONALE:Iftheresearchissimple,aresearchermaystartwiththeCodeorRegulations. TheInternalRevenueCodewasfirstcodifiedinwhatyear?a.1913. b.1923. c.1939. d.1954. e.1986. c ANSWER: TaxbillsarehandledbywhichcommitteeintheU.S.HouseofRepresentatives? TaxationCommittee. WaysandMeansCommittee. FinanceCommittee. BudgetCommittee. Noneoftheabove. b ANSWER: Federaltaxlegislationgenerallyoriginatesinwhatbody? InternalRevenueService. SenateFinanceCommittee. HouseWaysandMeansCommittee. SenateFloor. Noneoftheabove. c ANSWER: SubtitleAoftheInternalRevenueCodecoverswhichofthefollowingtaxes? Incometaxes. Estateandgifttaxes. Excisetaxes. Employmenttaxes. Alloftheabove. a ANSWER: In§212(1),thenumber(1)standsforthe: Sectionnumber. Subsectionnumber. Paragraphdesignation. Subparagraphdesignation. Noneoftheabove.
True ANSWER: False RATIONALE:Iftheresearchissimple,aresearchermaystartwiththeCodeorRegulations. TheInternalRevenueCodewasfirstcodifiedinwhatyear?a.1913. b.1923. c.1939. d.1954. e.1986. ANSWER: c TaxbillsarehandledbywhichcommitteeintheU.S.HouseofRepresentatives? TaxationCommittee. WaysandMeansCommittee. FinanceCommittee. BudgetCommittee. Noneoftheabove. ANSWER: b Federaltaxlegislationgenerallyoriginatesinwhatbody? InternalRevenueService. SenateFinanceCommittee. HouseWaysandMeansCommittee. SenateFloor. Noneoftheabove. ANSWER: c SubtitleAoftheInternalRevenueCodecoverswhichofthefollowingtaxes? Incometaxes. Estateandgifttaxes. Excisetaxes. Employmenttaxes. Alloftheabove. ANSWER: a In§212(1),thenumber(1)standsforthe: Sectionnumber. Subsectionnumber. Paragraphdesignation. Subparagraphdesignation. Noneoftheabove.
Test-Bank-South-Western-Federal-Taxation-2015-18th-Edition-Smith.docx