The History Of Federal Income Tax
[ad_1]
· The examination consists of 10 questions (with sub questions).
· Seven are worth 10 points each and 1 is worth 30 points.
· In answering the questions, you can utilize course material including the supplemental material provided.
· Please type your name and student exam number/ID as well.
· ++++++++++++++++++++++++++++++++++++++++++++++++++++++
· Question 1
o Please describe and explain the taxes levied by local governments, states, and federal government?
o From what industry do the states depend upon for shortfalls in taxes?
· Question 2
o What is the history of federal income tax?
o What are some of the impacts of the Trump 2017 tax plan discussed in class?
· Question 3
o In terms of present value, what is the benefit of deferring taxes on income received?
o What should it be weighed against and why?
o What are opportunity costs and risks associated with deferment?
o How does it impact wealth creation?
o How could the 2020 US Presidential Election impact your answers? Why?
· Question 4
o In terms of investments, which provides better tax treatment for investors and why:
§ Income received by a 1099 or by a K-1?
· What are the benefits and drawbacks to both?
· Question 5
o What is the concept behind calculating net present value?
o What is it dependent upon?
o How does it impact taxes, salaries?
· Question 6
o What factors determine whether an investor should purchase a tax-free municipal bond?
o What factor are considered when purchasing a taxable corporate bond versus a tax free municipal bond?
· Question 7
o Please explain the three factors to determine income.
o What are the implications for tax deferred investments?
· Question 8-30 points
o Please discuss and explain in full the issues, pros and cons of taxing wealth versus income?
Place your order now for a similar paper and have exceptional work written by our team of experts to guarantee you A Results
Why Choose US:
11+ years experience on custom writing
90% Return Client
Urgent 3 Hrs Delivery
Your Privacy Guaranteed
Unlimited Free Revisions
Money Back Guarantee
[ad_2]
Source link
"96% of our customers have reported a 90% and above score. You might want to place an order with us."
