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1. 2. 3. 4. Which of the following statements regarding the U.S. national debt is true? O a. The national debt has remained the same

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Which of the following statements regarding the U.S. national debt is true? O a. The national debt has remained the same over the last five years. b. The national debt has been slowly increasing. c. The national debt has been increasing significantly. d. The national debt has been decreasing significantly. e. The national debt has been slowly decreasing. Which of the following is a component of effective tax planning? a. Convert the classification of income from capital gain to ordinary income. b. Avoid the recognition of income. C. Choose the simplest form of business entity. d. Defer the recognition of deductions. e. Accelerate the recognition of income. A complex research process should always begin with the Code Section. True False When using a keyword search, words with a broad usage should be used. True False

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