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Unformatted text preview: remember: its only 2009 3,4,5 are main chapters…..sprinkle 1,2……and a little weight to 6,7 tax formulas given: tax rate schedule all deductions ch.1 aicpa-structures for tax system pay as you go - in place of convenience progressivity/ proportional taxes - which are which ad volorem for property taxes sales are made by male order are exempt from the application for use tax - false state impose either a state or general sales tax but not both - false under tax reliet reconcialiation act, only under income tax will be repealed individual has agi information..individuals with same tax formula - false principle objective of fica tax - true principle objective of fuda major advantage of flat tax value added tax if fraud is involved there is no time limit - true most states impose tangible - false tax considers age of vehicle - true gift donation per parent - 13000...
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- Spring '10
- Taxes, net operating losses, concept summary, false tax considers, false tax prof