PeeDee needs your help to determine which of the following statements is true if Congress plans to provide a deduction for the cost of energy-efficient fluorescent light bulbs: O The deduction is intended to improve the efficiency of the tax. O The deduction is intended to improve the equity of the tax. O The deduction is intended to improve the simplicity of the tax. The deduction is intended to improve the convenience of the tax. Pee Dee needs your help to determine which of the following statements is false if Pirates Inc. engages in a current year transaction that generates a $40,000 cash inflow. OIf the cash inflow is not taxable income, the current-year tax cost of the transaction is zero. O If the cash inflow is taxable income and Pirates' marginal tax rate is 25%, the tax cost of the transaction is $10,000. If the cash inflow is taxable income and Pirates' marginal tax rate is 35%, the after-tax cash flow of the transaction is $26,000. None of the above is false