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Alinara [238K]
3 years ago
11

Review the powers of and limits to taxation in the United States. How does the constitution limit federal and state powers of ta

xation?
Business
1 answer:
Alex73 [517]3 years ago
6 0

Answer: clauses that spell out specific bridges on government's power to tax.

Explanation:

The Constitution limits federal and state powers of taxation with specific clauses that spell out specific limits on the government's power to tax.

Firstly, it was stated that the precise purpose of a tax is for the "common defense and general welfare," inferring that it can't raise money that will go to personal interests. Furthermore, same federal taxes must be in all states. Also, church services as well as exports cannot be taxed. Imports can be taxed. The taxes must compulsory be shared among the states in respect to population.

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Foreign investors have preferred to invest in the united states except for which of the following reasons?
Solnce55 [7]
One of the main hinders of foreign investors on investing in the United States is that the U.S. is less stringent in regulating securities markets. This can be blamed on the rapid increase of trading volume competition which negates the market regulation.
4 0
3 years ago
Using the following information, prepare a vertical analysis of two years' income statements. Fees Earned is $153,500 for Year 2
pishuonlain [190]

Answer:

Following Statement is true

Operating income has increased as a percentage of revenue.

Vertical Analysis

                                                                        Year 2            Year 1        

Fees Earned                                                  $153,500       $149,700

Operating expenses                                     <u>$122,800</u>       <u>$127,245</u>

Operating Income                                          $30,700        $22,455

Operating Income as percentage of sales       20%               15%

Operating Income as percentage of sales is increased in year 2.

<u>Which of the following statements are true?</u>

Operating income has decreased as a percentage of revenue.

Operating income has increased as a percentage of revenue.

None of these choices are correct.

Operating expenses have increased as a percentage of revenue

7 0
3 years ago
A company uses the weighted-average method for inventory costing. At the end of the period, 22,000 units were in the ending Work
ExtremeBDS [4]

Answer:

a.The ending work in process inventory is $ 146,575

Explanation:

To determine the ending work in process inventory, we need to do the following computations:

No of units in ending inventory                                    22,000 units

Material cost in ending inventory

22,000 units * 100 % (completion) * $ 2.65                     $ 58,300  

Conversion costs in ending inventory  

22,000 units * 75 % (completion) * $ 5.35                      <u> $ 88,275</u>

Total value of Ending work in process inventory        <u> $ 146,575</u>

7 0
3 years ago
Having a savings account can contribute to a person’s overall financial well-being. Which one of the following is NOT a benefit
Elis [28]
The answer is C..............
7 0
3 years ago
Leaders using the __________ style of leadership are only minimally involved in decision making and encourage group members to m
Alexeev081 [22]
<h2>Leaders using the "authoritarian leadership" are only minimally involved in decision making and encourage group members to make their own decisions.</h2>

Explanation:

  • Authoritarian leadership is also called Autocratic leadership.
  • They take little inputs from the group and has overall control and decision making power.
  • They do not accept advice from others
  • They do not trust others and try to rule everyone.
  • Most of the team members are not allowed to participate in any of the event and not even the immediate subordinate. Team members work like a robot.
  • It often outcomes only adverse effects.
8 0
3 years ago
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