Question: Using the legend provided, classify the overall objective of the particular tax provision: Legend CE = Control of the economy W = Wherewithal to pay
Using the legend provided, classify the overall objective of the particular tax provision:
Legend
CE Control of the economy W Wherewithal to pay concept
EA Encouragement of certain activities AF Administrative feasibility
EI Encouragement of certain industries ESB Encouragement of small business
SC Social considerations
a Likekind exchange treatment.
b An increase in the individual tax rate.
c The S corporation election.
d Adoption expense credit.
e Percentage depletion.
f Annual gift tax exclusion.
g Charitable contribution deduction.
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