Question: please give proper explanation Please help PeeDee to determine which of the following statements about implicit and explicit taxes is talsa The amount of implicit

please give proper explanation

please give proper explanation Please help PeeDee to determine which of the

Please help PeeDee to determine which of the following statements about implicit and explicit taxes is talsa The amount of implicit tax on an investment equals investment income multiplies the owner's marginal tax rate. The taxpayer pays an explicit tax to the taxing jurisdiction. Whether to make an investment that generates lower income tax liability should be based on the NPV of the investment, not the mere fact of the lower tax cost. Municipal bonds are a typical example of an investment that bears an implicit tax. Please help PeeDee determine which of the following statements about tax legal doctrines is false The scope of the economic substance, business purpose, substance over form, and step transaction doctrines often overlap. The IRS can invoke the substance over form doctrine to undo the tax consequences of a failed planning strategy. The IRS's application of the doctrines is subjective. The economic substance, business purpose, substance over form, and step transaction doctrines decrease the uncertainty of the tax law. 3.33 pts Please help PeeDee determine which of the following statements about tax avoidance and tax evasion is false: The difference between avoidance and evasion is clearly defined in the tax law. Tax evasion is a federal felony offence. Effective tax planning for a business involves proper behavior from the perspective of the business, government and society. ) Tax avoidance is the reduction of a person's tax liability through legal means

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