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Question 5.(TCO A) Which is NOT a component of the Common Body of Tax Law:Answer:Presidential VetoConstitutional AuthorityJudicial AuthorityAdministrative Authority0-541057062MultipleChoice70-541057061MultipleChoice12
Explanation:The Common Body of Tax Law (CBOTL) is an amalgamation of (1) Constitutional, (2) legislative, (3) administrative, and (4) judicial authorities (Chapter 2).Question 6.(TCO B) What type of deductions is directly deducted from Gross Income?Question 7.(TCO B) Which of the following represents an “above the line” deductions?
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Taxation in the United States,ACCT 553, Accounting Tax Prep