Solve the next questions TRUE or FALSE

21The excise taxes on alcohol and tobacco products are intended to influence social behavior.

22. Because Virginia is a major grower of tobacco leaf, one would expect it to impose a high excise tax on tobacco products.

23. Two persons who live in the same state but in different countries may not be subject to the same general sales tax rate.

24.The principal objective of the FICA tax is to provide some measure of retirement security

25. Like FICA, FUTA is imposed on both the employer and the employee

26. The FUTA merit rating system rewards employers who experience stable employment

27. A field audit by the IRS usually is more restricted in scope than an office audit

28. If the agent issues an RAR (Revenue Agents Report) at the conclusion of an IRS audit, the taxpayer will not owe additional taxes

29. If a calendar year taxpayer files early, the statute of limitations on assessments does not start until the usual due date of the return

30. If an income tax return is not filed by a taxpayer, there is no statute of limitations on assessments of tax by the IRS

31. If fraud is involved, there is no time limit on the assessment of a deficiency by the IRS

32. A calendar year taxpayer files his 2018 Federal income tax return on March 4, 2019. The return show an overpayment of $1,100, and the taxpayer requests a refund of this amount. The refund is paid on July 2, 2018. The refund need not include interest

33. A tax return preparer has an obligation to maintain a client list or to keep copies of returns he or she has filed

34. Both employers and employees enjoy a tax benefit from employer contributions to qualified pension and profit-sharing plans

35. The tax law provides various tax credits, deductions, and exclusions that are designed to encourage taxpayers to obtain additional education. These provisions can be justified on both economic and social grounds

36. Allowing a deduction for state and city income taxes paid alleviates (but does not eliminate) the effect of multiple taxation on the same income

37.A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S. District Court TRUE

38. Tax avoidance is tax minimization through legal techniques TRUE

39. Sam and Betty are married, have four dependent children, and both are employed. For withholding purposes, they may allocate their total allowances between themselves as they see fitTRUE

40. During 2019, Jane, an accountant who is a full-time employee of Orange Corporation, received a salary of $134,500. During the year, she also had consulting income of $10,000 from an outside tax return preparation service. No self-employment tax need be paid on Janes consulting income.