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QUESTION

Question AAccording to the Supreme Court, would it be good tax policy to use income tax as computed by financial accounting principles as the correct measure of income for Federal income tax purposes?

Question A

  • According to the Supreme Court, would it be good tax policy to use income tax as computed by financial accounting principles as the correct measure of income for Federal income tax purposes? Explain.

Question B

  • What is the difference between a cafeteria plan and an employee flexible spending plan?

In a minimum of 160 words, respond to both questions.

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ANSWER

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