How are each of the marginal tax rate measured

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Questions -

Q1. How are each of the Marginal Tax Rate, the Average Tax Rate, and the Effective Tax Rates measured? Under which types of scenarios would you likely use each type of tax rate?

Q2. Give an example of the following types of primary tax authorities that one would use in conducting tax research: (1) legislative/statutory; (2) administrative; and (3) judicial.

Q3. When taking a home office deduction, how do taxpayers allocate indirect expenses to the home office space? (HINT: there are 2 general methods; please explain both for full credit). I'm only asking about indirect expenses, so please do not discuss direct expenses!

Q4. What conditions must be met if an employee is to exclude meals and lodging furnished by an employer?

Q5. If an employee takes a customer to lunch and discusses business, can the employee deduct 50% of the meal for both the customer and him/herself? Explain.

Reference no: EM132042576

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