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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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A perfectly competitive market has a. only one seller. b. at least a few sellers. c. many buyers and sellers. d. firms that set
Natali [406]

Answer:

c. many buyers and sellers.

Explanation:

A perfect market for competition is a market that has a high level of competition.

It has the following features -  

1. With regard to the market, knowledge is great in this rivalry between producer and consumer.

2. Free entry, and exit  

3. Deals with same or homogeneous products  

4. The sellers and buyers are more in this market  

5 0
3 years ago
Atlanta Company Spokane Company
liraira [26]

Answer:

C) Atlanta Company

Explanation:

Let's bear in mind that equity is an advantage that allows your company to buy and sell more.

So more equity means more ability to buy and sell and less the possibility of going bankrupt.

Liability on the other hand also gives advantage in trade r company , so more liability shows strongness of the company.

Now let's compare the equity and liability of the both companies

Atlanta Company

Total liabilities $ 429,000

Total equity 572,000

Spokane Company

Total liabilities $ 549,000

Total equity 1,830,000

The equity ratio is about 1:3

While liability is about 1:1.2

So Atlanta company has more riskier structure

5 0
3 years ago
Rey bought 10 shares of Apex Co. for $17 each and later sold all of them at
cluponka [151]

Answer:

C. Capital Loss

Explanation:

When the selling price of an asset like bonds etc exceeds it purchase price then the capital profit will be the difference between sale and purchase price.

But if the purchase price is greater than the sale price the difference is called Capital loss.

Example: if we buy 100 shares for $20 each and after a year sell them for $ 18 then the difference is called the capital loss.

6 0
3 years ago
The holder of a promotional permit may:
timurjin [86]

Answer:

Offer in-store wine and beer samples.

Explanation:

Promotional permit was established to allow a person promote sale of alcoholic beverages on behalf of the manufacturer. Such alcoholic beverage must however be sold on the premises of the licenced holder.

A promotional permit holder, according to the Texas Alcoholic Beverage Commission,which was established in 1935, may involve in the sales of alcoholic beverages in a state or premises of the license holder. It is to be noted that the license holder must qualify enough before being granted the permit and must also pay some fees before carrying on such activities.

3 0
3 years ago
What is TRUE about non-depository financial institutions?
yKpoI14uk [10]

Non-Depository financial institutions are those institutions that provide various financial assistance. These institutions serves as an intermediaries between borrowers and savers. ... The non-depository financial institutions include commercial banks, credit unions, and saving banks. Therefore, option D is correct

7 0
2 years ago
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