test bank for McGraw-Hill’s Taxation of Individuals and Business Entities 2025 Edition Spilker
TRUE/FALSE – Write ‘T’ if the statement is true and ‘F’ if the statement is false.
1) Taxes influence many types of business decisions but generally do not influence personal decisions.
⊚ true
⊚ false
2) Taxes influence business decisions such as where a business should locate or how a business should be structured.
⊚ true
⊚ false
3) Tax policy rarely plays an important part in presidential campaigns.
⊚ true
⊚ false
4) Margaret recently received a parking ticket. This is a common example of a local tax.
⊚ true
⊚ false
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