Under what authority can congress levy an income tax

Assignment Help Business Economics
Reference no: EM131001847

Under what authority can Congress levy an income tax?

a. Article 1, Section 8

b. Sixteenth Amendment

c. Pollock v. Farmers Loan & Trust Co

d. Tax and Spend Clause

Reference no: EM131001847

Questions Cloud

Short-run trade-off between unexpected inflation : What are two reasons why there may be a short-run trade-off between unexpected inflation and the unemployment rate. How do each of the following sources of real business cycles would effect the economy:
What is endogenous growth : What is endogenous growth? How do endogenous growth models differ from the neoclassical models of growth? b. How do the implications of an increase in saving with regard to both the level and the growth rate of output differ between the neoclassical ..
Individual activity doesnot affect interstate commerce : If an individual activity doesn't affect interstate commerce, but the aggregate of that activity does, federal commerce jurisdiction exist under the:
Discuss the relationship between gangs and violence : Discuss the relationship between gangs and violence. Discuss the prevalence of gang related violence in America. Analyze the correlation of drugs use to violence within American gangs.
Under what authority can congress levy an income tax : Under what authority can Congress levy an income tax?
Is she better or worse off with the cash equivalent : Hillary spends all her income on milk and cookies. Graph Hillary's budget line when income = $20, Pcookies= $1 & Pmilk= $2. Pick some point in the middle as her optimal choice and draw in the appropriate indifference curve. (PUT MILK on the Y-axis) D..
What is the price elasticity of supply for greek yogurt : Suppose that in a week the price of Greek yogurt increases from $5.00/lb to $5.25/lb. At the same time, the quantity of Greek yogurt supplied increases from 100,000 lbs to 125,000 lbs. What is the price elasticity of supply for Greek yogurt?
Explain principles related to being an ethical employer : Explain principles related to being an Ethical Employer. Compare and contrast with what is going on in a previous or current organization that you have worked with.
Makes two different types of baseball gloves : Kelson Sporting Equipment, Inc., makes two different types of baseball gloves: a regular model and a catcher's model. The firm has 400 hours of production time available in its cutting and sewing department, 300 hours available in its finishing depar..

Reviews

Write a Review

Business Economics Questions & Answers

  Produce a recreational commodity

A Los Angeles firm uses a single input to produce a recreational commodity

  Apply maximin and minimax regret criteria to this decision

An individual must decide whether or not to pursue a business opportunity. If he does pursue the opportunity, then he will get a $20 profit if the business is successful and a $10 loss if the business fails. Apply the maximin and minimax regret crite..

  Comment on various stakeholders reaction

Comment on various stakeholders reaction to this budget like Businesses, Consumers, Employees, Social welfare groups and Industry etc -

  Congress authorizes a tariff on imported steel

The election of a new Congress causes consumer confidence to soar as expectations of future economic growth are solid.

  Marginal cost of abatement is for the firm

Assume that after the exchange of one permit, the marginal cost of abatement is for the firm that sold the permit for $170 also the marginal cost of the firm

  Cash demand does not depend on the expected rate

How do your previous answers change in the special case where cash demand does not depend on the expected rate of inflation

  Distributor of the film price discriminates

Movies are distributed in a variety of forms, not just first run theatrical presentations. What other ways are movies distributed? What are the different price points? Using this information, draw a fully labeled graph of the market for movies in whi..

  Demand formula is given as p150-3q and we only have 40

demand formula is given as p150-3q and we only have 40 tickets to sell and that the mc0 and we suppose to figured out

  Critique a human resource article which study staffing

Critique a human resource article which study Staffing (recruting and selecting employees, managing employee seperations, downsizing, and outplacement) The critique must contain the following: -A brief introduction of the article -A statement of the ..

  What type of discrimination the plaintiffs have experienced

Fast Copy has had several suits filed against them concerning discrimination in the workplace. The plaintiffs in these suits complain that the general set-up of the organization prohibits them from advancement. Explain what type of discrimination the..

  Assume the size of the expenditure multiplier

Assume the size of the expenditure multiplier is ?G = 2. What is the effect of an increase in government purchases by ?G = 200 on income and the interest rate? By how much will private investment be crowded out as a result of this increase in governm..

  Level of output in short run using monetary-fiscal policy

The government has the ability to influence the level of output in the short run using monetary and fiscal policy. There is some disagreement as to whether the government should attempt to stabilize the economy. Which of the following are arguments i..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd