MC-Class-Principles

MC-Class-Principles - 1 MULTIPLE CHOICE NORMATIVE...

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1 MULTIPLE CHOICE NORMATIVE PRINCIPLES 1. Technical tax issues: (a) represent fundamental changes to the tax system (b) tend to respond to anomalies and inconsistencies in the Act (c) relate only to corporations (d) relate only to the Income Tax Regulations (e) none of the above 2. “Housekeeping measures” is a term used with reference to tax measures which: (a) announce major new government policy (b) are designed, in part, to clarify existing provisions in the Act (c) decrease tax rates (d) explain the details of the various personal tax credits (e) none of the above 3. Where two individuals pay the same amount of tax on the same total income, the system is said to be: (a) vertically equitable (b) horizontally equitable (c) integrated (d) harmonized (e) none of the above 4. Canada’s income tax system is described as a self-assessing system because: (a) Finance initially determines the amount of tax the taxpayer owes (b) the taxpayer initially determines the amount of tax the taxpayer owes (c) the CRA initially determines the amount of tax an individual owes (d) all individuals decide how much they would like to contribute to the tax system each year (e) none of the above
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2 5. The Carter Report considered equity: (a) to be unimportant (b) to be of equal importance as efficiency
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This note was uploaded on 01/07/2012 for the course ACCT 4453 taught by Professor Gorman during the Spring '11 term at Dalhousie.

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MC-Class-Principles - 1 MULTIPLE CHOICE NORMATIVE...

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