A candidate for presidency, during one of his rallies, claimed that his main platform is to help the farmers. He plans to issue an executive order which will grant tax exemptions to owners of farmlands which are used for organic farming. Basing on this statement alone and as a tax student, would you give him your vote? Yes, as his advocacy would remove the financial burden of taxes from the farmers. Yes, as his advocacy would promote organic farming. No, as the means he proposes to execute it would only yield to an empty promise. No, as the statement he made is clearly just an appeal to the farmers.
A candidate for presidency, during one of his rallies, claimed that his main platform is to help the farmers. He plans to issue an executive order which will grant tax exemptions to owners of farmlands which are used for organic farming. Basing on this statement alone and as a tax student, would you give him your vote? Yes, as his advocacy would remove the financial burden of taxes from the farmers. Yes, as his advocacy would promote organic farming. No, as the means he proposes to execute it would only yield to an empty promise. No, as the statement he made is clearly just an appeal to the farmers.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A candidate for presidency, during one of his rallies, claimed that his main platform is to help the farmers. He plans to issue an executive order which will grant tax exemptions to owners of farmlands which are used for organic farming. Basing on this statement alone and as a tax student, would you give him your vote?
Yes, as his advocacy would remove the financial burden of taxes from the farmers.
Yes, as his advocacy would promote organic farming.
No, as the means he proposes to execute it would only yield to an empty promise.
No, as the statement he made is clearly just an appeal to the farmers.
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