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Question
what term(s) best match the following definition? governmental organization responsible for administration and enforcement of federal tax laws. tangible asset atf police internal revenue service (irs) budget net worth liabilities
The Internal Revenue Service (IRS) is the governmental body in the United States tasked with administering and enforcing federal tax laws. Tangible Asset refers to physical assets, ATF deals with alcohol, tobacco, firearms, etc., Police handle general law - enforcement (not specifically tax laws), Budget is a financial plan, Net Worth is an economic measure, and Liabilities are debts. Only IRS fits the tax - law enforcement and administration role.
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Internal Revenue Service (IRS)