Individual Income Tax Chapter 2 Quiz

Individual Income Tax Chapter 2 Quiz - 1 The Internal...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
1 The Internal Revenue Code was first codified in 1954. Choose one answer. b. False Correct Question 2 Before a tax bill can become law, it must be approved (signed) by the President of the U.S. Choose one answer. b. False Correct Correct. Question 3 Tax bills are handled by which committee in the U.S. House of Representatives? Choose one answer. b. Ways and Means Committee. Correct Question 1 Rules of tax law do not include Revenue Rulings and Revenue Procedures. False Correct 2 Federal tax laws normally originate in the House Ways and Means Committee. Choose one answer. a. True Correct Question 3 Tax bills are handled by which committee in the U.S. Senate? Choose one answer. b. Finance Committee. Correct Question 1 Temporary Regulations are published in The Federal Register. Answer: True Correct Question 2 A Proposed Regulation under §274 of the Code would be cited as follows: Prop. Reg. §274. Choose one answer. b. False Correct Correct. Question 3 Determination letters usually involve proposed transactions. Answer:
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
False Correct Question 4 What administrative release deals with a proposed transaction rather than a completed transaction? Choose one answer. a. Letter Ruling. Correct Question 5 Which of the following is not an administrative source of the tax law? Choose one answer. e. All of the other answers are administrative sources. Correct 1 The Internal Revenue Code never controls when there is a conflicting tax treaty between the United States and a foreign country.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 6

Individual Income Tax Chapter 2 Quiz - 1 The Internal...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online