Fairness is included among Adam Smith's Four Criteria for evaluating a tax.

True

False

The arm's length transaction is when all parties have bargained in good faith and for their individual benefits, not for the benefit of the transaction group.

True

False

Contributions to a Roth IRA are NOT deductible.

True

False

Alex received $500 from his mother as a birthday gift, so Alex's taxable income will increase by $500.

True

False