Prentice Hall\'s Federal Taxation Comprehensive notes

ACC 307 FEDERAL TAXATION 1. The ratification of the Sixteenth Amendment to the U.S. Constitution was necessary to validate the Federal income tax on corporations. a. True *b. False 2. Before the Sixteenth Amendment to the Constitution was ratified, the re was no valid Federal income tax on individuals. a. True *b. False 3. The first income tax on individuals (after the ratification of the S ixteenth Amendment to the Constitution) levied tax rates from a low of 2% to a high of ...

ACC 307 FEDERAL TAXATION 1. The ratification of the Sixteenth Amendment to the U.S. Constitution was necessary to validate the Federal income tax on corporations. a. True *b. False 2. Before the Sixteenth Amendment to the Constitution was ratified, the re was no valid Federal income tax on individuals. a. True *b. False 3. The first income tax on individuals (after the ratification of the S ixteenth Amendment to the Constitution) levied tax rates from a low of 2% to a high of ...