LO.6 Discuss the probable justification for each of the following provisions of the tax law.

a. An election that allows certain corporations to avoid the corporate income tax and pass losses through to their shareholders.

b. A tax credit for amounts spent to furnish care for minor children while the parent works.

c. An election that allows the deferral of gain recognition on the receipt of crop insurance proceeds.

d. The tax rates applicable to married persons who file a joint return.