Test Bank for South-Western Federal Taxation 2025: Comprehensive, 48th Edition
1. What Is This Test Bank?
The Test Bank serves as a supplementary resource—designed primarily for instructors, but also widely used by students—for South-Western Federal Taxation 2025: Comprehensive, 48th Edition by James C. Young, Mark Persellin, Annette Nellen, Andrew D. Cuccia, David M. Maloney, Sharon Lassar, and Brad Cripe
It typically includes:
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A variety of question formats—True/False, Multiple Choice, Matching, and sometimes short-answer or essay questions.
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Fully worked solutions or answer keys to aid understanding and assessment
2. Structure & Coverage
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Comprehensive Scope: The Test Bank covers all 30 chapters in the textbook, spanning foundational concepts to advanced topics such as corporate taxation, flow-through entities, estate and gift taxes, and international tax issues
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Organizational Features: Most versions organize questions by chapter, often ending each with answers—making review modular and manageable
3. Utility & Benefits
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For Educators: Facilitates quiz and test creation and ensures alignment with chapter objectives.
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For Students:
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Accelerates comprehension of key tax concepts.
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Enables targeted self-assessment and exam preparation.
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Familiarizes learners with different question types and exam-style thinking
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4. How to Access & Format
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Digital Availability: Distributed mostly through third-party academic platforms—examples include TestBankSubjects, TestBankWise, Stuvia, and others. These versions often offer instant download upon purchase
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Formats: Usually provided in PDF or compressed ZIP files, ready for immediate use or printing
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The text itself—South-Western Federal Taxation 2025: Comprehensive, 48th Edition—is published by Cengage in May 2024. It delivers up-to-date coverage of 2024 tax laws and reforms, combined with effective pedagogical tools: clear examples, real-world tax scenarios, and sample CPA exam questions (notably from Becker CPA Exam Review)
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The book includes access to supplemental digital tools like Intuit ProConnect, Checkpoint Edge (Student Edition), and CNOWv2—enhancing both instructional delivery and student learning experiences
6. Summary Comparison Table
| Feature | Description |
|---|---|
| Scope | Full coverage of all 30 chapters from basic concepts to advanced tax topics |
| Question Types | True/False, Multiple Choice, Matching, Short/Essay (varies by version) |
| Organization | Chapter-based layout with answers—ideal for targeted study and teaching |
| Purpose | Helps instructors develop assessments; enables student exam readiness |
| Availability | Available online via academic/document platforms; usually digital and instant |
| Publication Context | Companion to 48th edition (2024), integrates current tax law with CPA prep tools |
Conclusion
The Test Bank for South-Western Federal Taxation 2025: Comprehensive, 48th Edition is an invaluable resource. It enhances teaching efficiency and student learning by delivering structured, chapter-by-chapter assessments tied directly to textbook content and modern tax laws. Whether you’re an instructor crafting exams or a student gearing up for assessments, this Test Bank offers clarity, coverage, and readiness.
Test Bank for South-Western Federal Taxation 2025: Comprehensive 2025 48e Young
Chapter 01 2025 – Comprehensive
Indicate whether the statement is true or false.
1. If more IRS audits are producing a higher number of no change results, this indicates increased compliance on the part of taxpayers.
a. True
b. False
2. The first income tax on individuals (after the ratification of the Sixteenth Amendment to the Constitution) levied tax rates from a low of 1% to a high of 6%.
a. True
b. False
3. Stealth taxes have the effect of generating additional taxes from all taxpayers.
a. True
b. False
4. If fraud is involved, there is no time limit on the assessment of a deficiency by the IRS.
a. True
b. False
5. Under state amnesty programs, all delinquent and unpaid income taxes are forgiven.
a. True
b. False
6. The Federal estate and gift taxes are examples of progressive rate taxes.
a. True
b. False
7. The IRS is required to redetermine the interest rate on underpayments and overpayments once a year.
a. True
b. False
8. The Federal income tax on individuals generates more revenue than the Federal income tax on corporations.
a. True
b. False
9. To mitigate the effect of the annual accounting period concept, the tax law permits the carryforward of excess charitable contributions of a particular year to other years.
a. True
b. False
10. Unlike FICA, FUTA requires that employers comply with state as well as Federal rules.
a. True
b. False