Author Question: Which of the following is a loophole in the tax law? A) taking expense account deductions B) ... (Read 24 times)

anshika · **on:** Jul 9, 2018

Which of the following is a loophole in the tax law?

A) taking expense account deductions
B) setting up foundations
C) investing in tax-free municipal bonds
D) all of the above
E) none of the above

Question 2

In 2007, the budget deficit was projected to be

A) 6.7 billion
B) 10 billion
C) 296 trillion
D) 423 billion
E) 8.8 trillion