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WGU - C237 - TAXATION 1 EXAM PACK

WGU - C237 - TAXATION 1 EXAM PACKWGU - C237 - TAXATION 1 EXAM PACKWGU - C237 - TAXATION 1 EXAM PACKWGU - C237 - TAXATION 1 EXAM PACKWGU - C237 - TAXATION 1 EXAM PACK

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WGU C237 Taxation I Questions & Answers(RATED A)

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Describe the history of taxation in the US -ANSWER unconstitutional 1895 Sources of Tax Law-Legislative Branch -ANSWER - Internal Revenue Code (Top) - Congressional Committee Reports Describe the criteria of an equitable tax structure Equity -ANSWER Is it Fair Simplicity -ANSWER understan...

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WGU - C237 - TAXATION 1 Questions & Answers (SCORED A)

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30 -ANSWER Number of days that are initially given to an audited individual or business to either request a conference with an appeals officer or agree to the proposed adjustment. (Ch 2-6) 90 -ANSWER Number of days that are given to an audited individual or business after the appeals conference t...

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WGU C237 Tax 1 2019 version Latest Update(RATED A)

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Two components of the tax calculation -ANSWER tax base multiplied by the tax rate Characteristics of a "Tax" -ANSWER >Payment required - NOT VOLUNTARY >Payment imposed by government agency (federal, state, local) >Payment not tied directly to benefit received by the taxpayer 16th ...

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WGU C237 Taxation I definitions Questions 100% Answered

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Horizontal equity -ANSWER similarly situated taxpayers should be treated equally Vertical Equity -ANSWER taxpayers who are not similarly situation should not be treated the same Tax base -ANSWER the amount to which the tax rate is applied to determine the tax due Marginal tax rate -ANSWER t...

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