Which statement is incorrect with respect to taxation on the CPA exam?

Which statement is incorrect with respect to taxation on the CPA exam?

a. The CPA exam now has only four parts.
b. There are no longer case studies on the exam.
c. A candidate may not go back after exiting a testlet.
d. Simulations include a four-function pop-up calculator.
e. None of these are incorrect.

Answer: B

Which is not a primary source of tax law?

Which is not a primary source of tax law?

a. Notice 89-99, 1989-2 C.B. 422.
b. Estate of Harry Holmes v. Comm., 326 U.S. 480 (1946).
c. Rev. Rul. 79-353, 1979-2 C.B. 325.
d. Prop. Reg. § 1.7524T(f).
e. All of these are primary sources.

Answer: D

Which company does not publish citators for tax purposes?

Which company does not publish citators for tax purposes?

a. John Wiley & Sons
b. Commerce Clearing House
c. Research Institute of America
d. Westlaw
e. Shepard's

Answer: A 

Which court decision carries more weight?

Which court decision carries more weight?

a. Federal District Court
b. Second Circuit Court of Appeals
c. U.S. Tax Court decision
d. Small Cases Division of U.S. Tax Court
e. U.S. Court of Federal Claims

Answer: B

Which items tell taxpayers the IRS's reaction to certain court decisions?

Which items tell taxpayers the IRS's reaction to certain court decisions?

a. Notices
b. Revenue Procedures
c. Revenue Rulings
d. Actions on Decisions
e. Legislative Regulations

Answer: D

Which Regulations have the force and effect of law?

Which Regulations have the force and effect of law?

a. Procedural Regulations
b. Finalized Regulations
c. Legislative Regulations
d. Interpretive Regulations
e. All of these

Answer: C