美国税务会计试题连答案-第1单元.docVIP

Prentice Halls Federal Taxation 2013 Individuals, 26e (Pope) Chapter I1 An Introduction to Taxation 1) The tax law encompasses administrative and judicial interpretations, such as Treasury regulations, revenue rulings, revenue procedures, and court decisions, as well as statutes. Answer: TRUE Page Ref.: I:1-24 Objective: 6 2) Generally, tax legislation is introduced first in the Senate and referred to the Senate Finance Committee. Answer: FALSE Explanation: A tax bill is introduced in the House and referred to the Ways and Means Committee. Page Ref.: I:1-24 Objective: 7 3) The Internal Revenue Service is the branch of the Treasury Department responsible for administering the federal tax law. Answer: TRUE Page Ref.: I:1-26 Objective: 8 4) Generally, the statute of limitations is three years from the later of the date the tax return is filed or the due date. Answer: TRUE Page Ref.: I:1-28 Objective: 8 5) Arthur pays tax of $5,000 on taxable income of $50,000 while taxpayer Barbara pays tax of $12,000 on $120,000. The tax is a A) progressive tax. B) proportional tax. C) regressive tax. D) None of the above. Answer: B Explanation: B) The tax rate is proportional because the 10% tax rate applies to both taxpayers regardless of their income level. Page Ref.: I:1-4; Example I:1-3 Objective: 2 6) Which of the following taxes is progressive? A) sales tax B) excise tax C) property tax D) income tax Answer: D Explanation: D) The income tax rates increase as a taxpayers taxable income rises. Page Ref.: I:1-4 Objective: 2 7) Which of the following taxes is proportional? A) gift tax B) income tax C) sales tax D) Federal Insurance Contributions Act (FICA) Answer: C Explanation: C) A sales tax is assessed at a fixed rate of the purchase amount, based on state and local law. Page Ref.: I:1-4 and I:1-11; Topic Review I:1-1 Objective: 2 8) Which of the following taxes is regressive? A) Federal Insurance Contributions Act (FICA) B) excise tax C) property tax