Chap001 solutions 13 ed - Chapter 1 An Introduction to Tax...

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Chapter 1 - An Introduction to Tax Chapter 01 An Introduction to Tax SOLUTIONS MANUAL Discussion Questions (1) [LO1] Jessica’s friend Zachary once stated that he couldn’t understand why someone would take a tax course. Why is this a rather naïve view?
(2) [LO1] What are some aspects of business that require knowledge of taxation? What are some aspects of personal finance that require knowledge of taxation?
How should the business distribute profits to its owners?
(3) [LO1] Describe some ways in which taxes affect the political process in the United States. 1- 1
Chapter 1 - An Introduction to Tax
(4) [LO2] Courtney recently received a speeding ticket on her way to the university. Her fine was $200. Is this considered a tax? Why or why not?

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