Question 1
Which of the following is
not an objective of the federal income tax law?
◦ Stimulate private investment.
◦ Redistribution of wealth.
◦ Encourage research and development activities.
◦ Prevent taxpayers from paying a higher percentage of their income in personal income taxes due to inflation.
Question 2
Which of the following is
not one of Adam Smith's canons of taxation?
◦ equity
◦ convenience
◦ certainty
◦ economic stimulation