Which is NOT true? a.Deductions partake the nature of an exemption b. Exemptions are strictly construed against the taxpayer c.Exemptions are liberally interpreted in favor of the taxpayer d. If tax law is vague, it benefits the tax
Which is NOT true? a.Deductions partake the nature of an exemption b. Exemptions are strictly construed against the taxpayer c.Exemptions are liberally interpreted in favor of the taxpayer d. If tax law is vague, it benefits the tax
Chapter6: Business Expenses
Section: Chapter Questions
Problem 7DQ
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1.Which is NOT true?
a.Deductions partake the nature of an exemption
b. Exemptions are strictly construed against the taxpayer
c.Exemptions are liberally interpreted in favor of the taxpayer
d. If tax law is vague, it benefits the tax
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