Which item was the largest tax expenditure of the federal government in 2014?
A) exclusion of pension contributions and earnings,including 401(k) plans
B) deductibility of state and local taxes
C) exclusion of employer contributions for medical insurance from taxable income
D) deductibility of home mortgage interest
Correct Answer:
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Q22: The most cost-efficient tax breaks have large
Q23: The alternative minimum tax (AMT):
A) was established
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