-Which of the following is not an objective of the federal income tax law?

A) Stimulate private investment.

B) Encourage research and development activities.

C) Redistribution of wealth.

D) Prevent taxpayers from paying a higher percentage of their income in personal income taxes due to inflation.

- Which of the following serves as the highest authority for tax research, planning, and compliance activities?

A) Income Tax Regulations

B) Internal Revenue Code

C) Revenue Rulings

D) Revenue Procedures

- Which of the following steps, related to a tax bill, occurs first?

A) signature or veto by the President of the United States

B) consideration by the Senate

C) consideration by the Joint Conference Committee

D) consideration by the House Ways and Means Committee

-The Senate equivalent of the House Ways and Means Committee is the Senate

A) Finance Committee.

B) Joint Committee on Taxation.

C) Ways and Means Committee.

D) Joint Conference Committee.

- The term "tax law" includes

A) Internal Revenue Code.

B) Treasury Regulations.

C) judicial decisions.

D) All of the above.