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- Which of the following is an acceptable method of accounting under the tax law? The accrual method The hybrid method The cash method All of the above are acceptable None of the aboveThe definition of gross income in the tax law is: All items specifically listed as income in the tax law All cash payments received for goods provided and services performed All income from whatever source derived All income from whatever source derived unless the income is earned illegallyWhich is NOT a proper exercise of administrative feasibility?a. Electronic Tax Payment System (eTPS)/Land Bank Remittance System (LBRS)b. Payment of tax thru credit/debit/prepaid cards/G-Cashc. Requirement to all taxpayers to file tax returnsd. Substituted Filing of Qualified Compensation Income Earners
- Which of the following is not an administrative remedy available to the government? a. Assessment b. Distraint C. Tax Avoidance D. Tax Lien1.(T/F) The Code is the final authority on most tax issues. True or false 2.Primary sources of authority are comprised of which of the following? a. Statutory law. B.Administrative interpretations. C.Judicial interpretations. D. None of the above E.All of the above1. The secondary authority should be cited in the analysis section of a tax file memo. Is true or false? 2. What is the title of Section 152? a.Dependent defined b.Allowance of deductions for personal exemptions (151) c.Allowance for deductions (161) d.None of the above 3.(True/False) Letter rulings are a source of tax law.