Questions from Individual Taxation

Q: What is the difference between primary and secondary authorities? Explain the

What is the difference between primary and secondary authorities? Explain the role of each authority type in conducting tax research.

Q: Using the facts in the previous problem, what is the minimum

Using the facts in the previous problem, what is the minimum tax that Pedro should pay to make the tax structure vertically equitable based on the tax rate paid? This would result in what type of tax...

Q: Using the facts in the previous problem, what is the minimum

Using the facts in the previous problem, what is the minimum tax that Pedro should pay to make the tax structure vertically equitable with respect to the amount of tax paid? This would result in what...

Q: Consider the following tax rate structure. Is it horizontally equitable?

Consider the following tax rate structure. Is it horizontally equitable? Why or why not? Is it vertically equitable? Why or why not?

Q: What factors have to be present for income shifting to be a

What factors have to be present for income shifting to be a viable strategy?

Q: Consider the following tax rate structure. Is it horizontally equitable?

Consider the following tax rate structure. Is it horizontally equitable? Why or why not? Is it vertically equitable? Why or why not?

Q: George and Weezy received $30,200 of Social Security benefits

George and Weezy received $30,200 of Social Security benefits this year ($12,000 for George; $18,200 for Weezy). They also received $5,000 of interest from jointly owned City of Ranburne Bonds and div...

Q: What are some aspects of business that require knowledge of taxation?

What are some aspects of business that require knowledge of taxation? What are some aspects of personal finance that require knowledge of taxation?

Q: Jorge is puzzled that the IRS and his CPA could legitimately reach

Jorge is puzzled that the IRS and his CPA could legitimately reach different conclusions on a tax issue. Why does this happen?

Q: Lorenzo is considering starting a trucking company either in Texas or Oklahoma

Lorenzo is considering starting a trucking company either in Texas or Oklahoma. He will relocate his family, which includes his wife, children, and parents, to reside in the same state as his business...