Indicate the ansher chonce 17. Allowing a tax credit for certain solar energy pr
ID: 2330289 • Letter: I
Question
Indicate the ansher chonce 17. Allowing a tax credit for certain solar energy property can be justified: a. As helping small businesses. b. As promoting administrative feasibility c. As promoting a government policy to use alternative energy sources. d. Based on the wherewithal to pay concept e. None of these. 18. Jane is the tax director for Tangent Software Corporation. She is unsure whe charge sales tax when software is provided to customers in State X via the "cloud does not meet the principle of: a. Equity. b. Certainty. c. Neutrality. d. Economic growth and efficiency. 19. Which of the following statements about a value added tax (VAT) is false? a. Many countries use a VAT. b. The U.S. has imposed a VAT since 1913. c. A VAT has been proposed in the U.S. to replace part of the income tax. d. A VAT operates similarly to a sales tax. 0. Which of the following taxes is only paid by the employer? a. FICA b. FUTA c. Social Security tax d. Medicare taxExplanation / Answer
17. Point "C". It seems to be having direct relationship with giving the tax credit to solar energy products. If tax credit is given, then product price is reduced so that the price of solar energy products will be available at cheaper price.
18. "b"
19. "b". There is no VAT in US. There is only sales tax of states.
20. "b". The Federal Unemployment Tax Act (FUTA) is a federal law that imposes an unemployment tax on employers. This tax funds the federal government’s oversight of each state’s unemployment program. Only employers pay this tax.