need help with multiple choice questions for income tax!

thank you

The goal of tax planning is to maximize after-tax wealth. True or False True False Saved Help Save & Exit Submit The timing strategy is based on the idea that the period in which income is taxed affects the tax costs of the income. True or False True False The present value concept becomes more important as interest rate increase. True or False False True If tax rates will be the same next year, the taxpayer should generally accelerate deductions. True or False True False The income shifting strategy exploits the fact that tax rates vary across taxpayers or jurisdictions. True or False False True A common income shifting strategy is to: Multiple Choice Shift income from a high tax rate jurisdiction to a low tax rate jurisdiction. Shift income from a low tax rate jurisdiction to a high tax rate jurisdiction. Invest in tax exempt bonds. Defer income. The assignment of income doctrine most likely limits which of the following strategies? Multiple Choice Conversion Timing Income shifting Tax minimization None of the choices are correct. Assume that Bill's marginal tax rate is 37%. If corporate bonds pay 10 % interest, what interest rate would a municipal bond have to offer for Bill to be indifferent between the two bonds? Multiple Choice 10.00% 15.87% 8.00% 6.30% None of the choices are correct If Rachel has a 37% tax rate and a 10% after-tax rate of return, a $100,000 tax deduction in one year will save how much tax in today's dollars (rounded)? (Exhibit 3-1) Multiple Choice $100,000 $37,000 $36,040 $33,633 None of the choices are correct. example of the conversion strategy? Which of the following is an Multiple Choice Accelerating deductions. Deferring income. An employer providing tax free benefits to employees instead of salary A high-tax rate parent employing her low-tax-rate son in the family business. What explicit tax rate would keep Orlando indifferent between purchasing a municipal bond witha 4.0 percent return and a taxable bond with a 5.5 percent before-tax return? Multiple Choice 25.0% 27.3% 31.2% 33.5% None of the choices are correct Which of the following items is illegal under the tax law? Multiple Choice Tax avoidance Tax evasion Accelerating deductions Deferring income All of the choices are legal