Question 1 (1 point) Saved Which of the following is not an objective of the federal income tax law? Stimulate private investment Redistribution of wealth Encourage business activities Support local charities Question 3 (1 point) Roughly how large ( maximum) can your estate be in 2019 and not be subject to estate tax when you die. Assume single and O gifts during life-time. 11 million 5 million 15 million All estates will owe estate tax There is no estate tax in 2018 Question 2 (1 point) Which of the following sources can be described as a primary source when performing tax research? Internal Revenue Code Revenue Procedures O Treasury Regulations Supreme Court decisions Revenue Rulings Question 4 (1 point) Saved If you pay an "ad valorem" tax, what is the tax base? Income of item Value of item Consumption of item Question 5 (1 point) Saved Arthur pays tax of $8,500 on taxable income of $75,000 while taxpayer Barbara pays tax of $6,500 on $65,000. The tax is a O regressive tax O estate tax O proportional tax O progressive tax