WGU C237.Taxation
Western Governors University
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(Top QUALITY 2024/2025 EXAM REVIEW) WGU C237.Taxation 1 Pre-Assesment, Top Exam Questions and answers, 100% Accurate, Rated A+
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WGU C237.Taxation 1 Pre-Assesment, 
Top Exam Questions and answers, 100% 
Accurate, Rated A+ 
What year was the U.S income tax on individuals permanently established? - -1913 
What is the highest level of legislative authority of tax law in the United States? - -Internal Revenue 
Code 
What are two primary sources of tax law in the United States? - -Court Decisions and Revenue 
Rulings 
What is a certainty when evaluating a tax system? - -Taxes can be estimated if annual income is the 
same...
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(Top QUALITY 2024/2025 EXAM REVIEW) WGU C237 Taxation I, Exam Questions and answers, 100% Accurate, VERIFIED.
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WGU C237 Taxation I, Exam Questions 
and answers, 100% Accurate, VERIFIED. 
Describe the history of taxation in the US - -unconstitutional 1895 
Sources of Tax Law-Legislative Branch - -- Internal Revenue Code (Top) 
- Congressional Committee Reports 
Describe the criteria of an equitable tax structure Equity - -Is it Fair 
Simplicity - -understandability 
Economy - -minimal compliance and administrative costs 
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Convenience - -no burden of records and compliance 
Certainty - -Stability and ce...
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(Top QUALITY 2024/2025 EXAM REVIEW) WGU C237 Taxation I Review, Questions and answers, 100% Accurate. VERIFIED.
- Exam (elaborations) • 13 pages • 2023
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WGU C237 Taxation I Review, Questions 
and answers, 100% Accurate. VERIFIED. 
After the reinstatement of the individual federal income tax in 1894, why was the tax challenged in the 
courts? - Administration would be difficult since the tax was apportioned in proportion to state 
populations 
What are two primary sources of tax law in the United States? - Revenue Rulings, Court Decisions, 
Internal Revenue Code, Congressional Committee Reports, Income Tax Regulations, Revenue Procedures, 
a...
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(Top QUALITY 2024/2025 EXAM REVIEW) WGU C237 Taxation I Review for Final, Exam Questions & Answers, Graded A+ B)Progressive tax rate structure
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WGU C237 Taxation I Review for Final, 
Exam Questions & Answers, Graded A+ 
B)Progressive tax rate structure 
The U.S. Federal Income Tax System is: 
A)Regressive tax rate structure 
B)Progressive tax rate structure 
C)Proportional tax rate structure 
D)Possessive tax rate structure 
marginal tax rate 
U.S. Federal and State Income Taxes use a progressive tax rate structures. Progressive tax rate structures 
increase the ______________ as the tax base increases. 
Regressive tax rate 
_________...
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(Top QUALITY 2024/2025 EXAM REVIEW) WGU C237 Taxation I, Exam Questions and answers, 100% Accurate. Graded A+ Tax. (CHAPTER 1)
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WGU C237 Taxation I, Exam Questions 
and answers, 100% Accurate. Graded A+ 
Tax. (CHAPTER 1) 
a payment required by a government that is unrelated to any specific benefit or service received from 
the government 
3 Criteria 
Payment must be 
*Required (not INVOLUNTARY) 
*Imposed by a government agency (federal, state, local) 
*Not tied directly to the benefit received by the taxpayer 
- Continuous debate whom to tax, what to tax, how much to tax 
Sin Tax 
taxes imposed on the purchase of goods...
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(Top QUALITY 2024/2025 EXAM REVIEW)WGU C237 Taxation I, Exam Questions and answers, 100% Accurate, VERIFIED.
- Exam (elaborations) • 29 pages • 2023
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WGU C237 Taxation I, Exam Questions 
and answers, 100% Accurate, VERIFIED. 
Define each component of the individual income tax formula - -income from whatever source 
derived 
exclusions=any item of income that the tax laws says is not taxable 
gross income=all income received in cash, property, and services from whatever source derived and from 
which the taxpayer derives a direct economic benefit 
deductions for AGI=expense one would see on an income statement (wages, repairs, depreciation)...
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(Top QUALITY 2024/2025 EXAM REVIEW) WGU C237 Taxation 1 Review master questions and answers, rated A+. VERIFIED.
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WGU C237 Taxation 1 Review master 
questions and answers, rated A+. 
VERIFIED. 
The largest source of revenues for the federal government comes from - -individual income taxes. 
Arthur pays tax of $5,000 on taxable income of $50,000 while taxpayer Barbara pays tax of $12,000 on 
$120,000. The tax is a - -proportional tax. 
Which of the following taxes is regressive? - -Federal Insurance Contributions Act (FICA) 
Sarah contributes $25,000 to a church. Sarah's marginal tax rate is 35% while her...
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(Top QUALITY 2024/2025 EXAM REVIEW) WGU C237 Tax Topic 1 Questions & Answers, ACCURATE, GRADED A+
- Exam (elaborations) • 13 pages • 2023
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WGU C237 Tax Topic 1 Questions & 
Answers, ACCURATE, GRADED A+ 
The two components of the tax calculation are the tax rate and the taxpayer's status. T/F - -False, tax 
rate x tax base 
The 9th Amendment to the U.S. Constitution removed all doubt that a federal income tax was allowed 
under the U.S. Constitution. T/F - -False, The 16th amendment was ratified in February 1913. 
The tax base for the federal income tax is taxable income. T/F - -True 
Horizontal equity is defined in terms of tax...
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(Top QUALITY 2024/2025 EXAM REVIEW) WGU C237 Tax 1 2019 version, Exam Questions and answers, 100% Accurate, VERIFIED.
- Exam (elaborations) • 19 pages • 2023
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WGU C237 Tax 1 2019 version, Exam 
Questions and answers, 100% Accurate, 
VERIFIED. 
Two components of the tax calculation - tax base multiplied by the tax rate 
Characteristics of a "Tax" - >Payment required - NOT VOLUNTARY 
>Payment imposed by government agency (federal, state, local) 
>Payment not tied directly to benefit received by the taxpayer 
16th Amendment - removed all doubt that a federal income tax was allowed under the U.S. 
Constitution 
Horizontal equity - taxpayers ...
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