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Test Bank for Pearson's Federal Taxation 2023 Comprehensive 36th Edition by Rupert
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Test Bank for Pearson's Federal Taxation 2023 Comprehensive 36th Edition 36e by Timothy J. Rupert; Kenneth E. Anderson; David S Hulse. ISBN-13: 0786 An Introduction to Taxation Determination of Tax Gross Income: Inclusions Gross Income: Exclusions Property Transactions: Capital Gains and Lo...

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  • September 17, 2022
  • September 17, 2022
  • 1250
  • 2022/2023
  • Exam (elaborations)
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  • Taxation

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Pearson's Federal Taxation 2023: Individuals, 36e (Rupert)
Chapter 1: An Introduction to Taxation

LO1: History of Taxation in the United States

1) The federal income tax is the dominant form of taxation by the federal government.
Answer: TRUE
Explanation: The federal income tax provides more revenues than any other tax.
Page Ref.: I:1-2
Objective: 1

2) The Sixteenth Amendment to the U.S. Constitution permits the passage of a federal income tax law.
Answer: TRUE
Explanation: The Sixteenth Amendment amended the Constitution to permit the imposition of an
income tax.
Page Ref.: I:1-2
Objective: 1

3) When a change in the tax law is deemed necessary by Congress, the entire Internal Revenue Code must
be revised.
Answer: FALSE
Explanation: The federal income tax law is changed on an incremental basis.
Page Ref.: I:1-3
Objective: 1

4) The largest source of federal revenues is the corporate income tax.
Answer: FALSE
Explanation: The largest source is the individual income tax.
Page Ref.: I:1-3
Objective: 1

5) Until about 100 years ago, attempts to impose a federal income tax were ruled unconstitutional. The
amendment to the U.S. Constitution allowing the imposition of a federal income tax is the
A) Second Amendment.
B) Thirteenth Amendment.
C) Sixteenth Amendment.
D) Nineteenth Amendment.
Answer: C
Explanation: The Sixteenth Amendment, ratified in 1913, gave Congress the power to impose a federal
income tax.
Page Ref.: I:1-2
Objective: 1

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