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☆☆☆☆☆Cards in this guide (17)
What are examples of indirect tax
One example of indirect tax is Income Tax.
Which of these terms best describes any interactions between two states
interstate
Which amendment explains the government entity that has the authority to levy taxes
16th
Which clause states that Congress has the power to coin money determine the value of US money and punish any person who tries to counterfeit US money
commerce clause
What terms describes any kind of money a creditor must accept by law in payment of a monetary debt
Legal Tender
Which of the following taxes can be shifted from one individual to another through the process of increasing the price of the goods sold
Indirect Taxes
What taxes cannot be shifted from one individual to another
Direct taxes cannot be shifted from one individual to another. These are taxes that are imposed on an individual person like the income tax. Such taxes cannot be passed on.
What served as proof that legal transactions such as the purchase of land had been properly taxed in the late 1800s and early 1900s
Documentary tax stamps served as proof that land had been taxed.
Which statement is true of federal taxes
the government may not impose a tax on church services.
Into how many categories are exclusive powers divided
3
What best describes implied powers
they are not given to the federal government and not denied to the states
What term best describes any interactions within a single state
intrastate
What does the sixteenth amendment explain
It explains the authority of the Federal Government so it can meet the nations economic needs.
If military servicemen are out of the country during an election how can they participate in the voting process
A+ = They can fill in and return an absentee ballot.
Which of these is not an intrastate tax
federal income tax A+
Of the following which are powers that are not given to the Federal Government and not denied to the states
reserved powers
The power of government to coin money is an example of which power
expressed power
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