Discuss the probable justification for each of the following aspects of tax law.

A. A tax credit is allowed for amounts spent to furnish care for minor children while the parents work.

b. Deduction for interest on home mortgage and property tax on a personal residence.

c. the income-splitting benefits of filing joint returns.

d. fines and penalties are not deductible

e. net operating loss of the following year can be carried back to profitable years.

f. a taxpayer who sells property on an installment basis can recognize gain on the sale over the period the payments are received.

g. the exclusion from federal tax of certain interest income from state and local bonds.

h. prepaid income is taxed to the recipient in the year received not the year earned.