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Q2VASolutions - ACCTG321 Spring2010 Quiz#2 VersionA 1 a...

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ACCTG 321 Spring 2010 Quiz #2 Version A 1. The goal of tax planning is tax minimization. a. True b. False [the goal of tax planning is maximization of after tax wealth (or cash flows)] 2. Which of the following strategies is based on the present value of money?  a. Timing b. Tax avoidance c. Income shifting d. Conversion e. None of the above 3.  If Lucy earns a 6% after-tax rate of return, $8,000 received in four years is worth how much today? 4. Which of the following does not limit the benefits of deferring income? 
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