The Supreme Court has held that states may:
A) never tax the income of businesses
B) tax the income of businesses so long as they are "constitutionally rational"
C) tax all income of businesses only if the business is headquartered in the state
D) tax the income of businesses so long as the burden of the state tax is apportioned fairly
E) tax the income of businesses that do more that $5 million (net) worth of business in-state
Correct Answer:
Verified
Q258: The 16th Amendment to the U.S. Constitution
Q259: It would be _ for a state
Q260: To help stimulate jobs in its wine
Q261: For a state to tax a business,
Q262: For a state to tax a business,
Q264: The Uniform Division of Income for Tax
Q265: For a state to tax a business,
Q266: Apportionment is:
A) the dividing of a federal
Q267: Suits against the media for defamation are:
A)
Q268: Apportionment is meant to protect a company
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