All categories

3 years ago

What limits are placed on the government's power to tax?

1 answer:

riadik2000 [5.3K]3 years ago

6 0

The U.S. taxing power, while very broad, has important limitations. First, direct taxes must be apportioned, a very difficult requirement. Second, duties, imposts, and excises must be uniform—an easy-to-meet standard, but one which, if ignored, can be fatal to a statute.

P.S. I hope this helps

You might be interested in

The study of the characteristics of human populations such as size, density, age, race, gender, and income is known as:.

elena-s [515]

The answer is Demography.

5 0

2 years ago

For each of the following separate transactions,

Softa [21]

Answer: The answer is provided below

Explanation:

a. The reconstructed journal entry has been prepared and attached.

b. The following are the effects it has on the investing section or the financing section of the statement of cash flows.

The first transaction will lead to a cash inflow of $8,000 from the investing activities.

The second transaction is non-cash transaction therefore, it will not be reported in either the financing or the investing activities.

The third transaction will lead to a cash inflow of $2,000 from the financing activities.

The fourth transaction will lead to a cash outflow from the financing activities.

Thw diagram has been attached.

3 0

4 years ago

The study of international business is fine if you are going to work in a large multinational corporation, but it has no relevan

tatiyna

Answer:.The study of international business has more relevance to the individual than its accruing benefits to the company

Explanation: It must concisely be understood that, no worker is being paid just for working, but for the marginal productive he or she is adding to the company. Marginal productivity is therefore not a function of physical hard work but mental contribution to production processes which culminates in optimum productivity. It therefore stands to reason that, your knowledge and skills acquired through this study might be a catalyst to improve and boost your performance in the small firms or local industry you might be privileged to be engaged. Your knowledge of international dealings might also be a catalyst to branding the small firm with a competitive edge over its contemporaries.

4 0

3 years ago

slytherin services, inc. granted 8 million of its $1 par common shares to executives subject to foreiture if employment is termi

hjlf

The total compensation cost pertaining to the restricted shares equals to the amount of $48 million.

<h3>What are compensation cost?</h3>

Also known as compensation expenses, include the recruiting costs, salaries, payroll taxes, benefits and bonuses. They form the significant part of a company's operating costs, which means that it affects corporate profitability.

According to the scenario, we will calculate the total compensation cost pertaining to the restricted shares by using following formula. Total Compensation Cost Pertaining to the Restricted Shares:

= Common Share × Market Price Per Share

= 8 million × $6

= $48 million

Read more about compensation cost

brainly.com/question/16258021

#SPJ1

8 0

1 year ago

On May 15, 2000 you enter into a 1-year forward rate agreement (FRA) with a bank for the period starting November 15, 2000 to Ma

Artyom0805 [142]

Answer:

3.51%

Explanation:

First, we need to calculate the YTM of 6 months zero-coupon bond by using the following formula

Price = Face value / ( 1 + YTM )^numbers of years

96.79 = 100 / ( 1 + YTM )^1

1 + YTM = 100 / 96.79

1 + YTM = 1.0331646

Now calculate the YTM of 1 Year zero-coupon bond

93.51 = 100 / ( 1 + YTM )^1

YTM = 1.0331646 - 1

YTM = 0.0331646

YTM = 3.31646%

YTM = 3.316%

1 + YTM = 100 / 93.51

1 + YTM = 1.06940

YTM = 1.06940 - 1

YTM = 0.06940

YTM = 6.940%

YTM = 6.94%

Hence the forward rate is calculated as follow

Forward rate = [ (1 + YTM of 1 year zero coupon bond ) / ( 1 + YTM of 6 months year zero coupon bond ) ] - 1 = ( 1 + 6.94% ) / ( 1 + 3.316% ) = [ 1.0694 / 1.03316 ] - 1 = 1.03508 - 1 = 0.03508 = 3.508% = 3.51%

At the time of inception the formward rate is 0.

7 0

3 years ago

What limits are placed on the government's power to tax?​

What limits are placed on the government's power to tax?