Taxation In The United States, TAXATION AND UNDERSTANDING (ACCOUNTING316)
College Of New Rochelle
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Taxation In The United States, TAXATION AND UNDERSTANDING _ Combined Test banks (solutions)
- Other • 773 pages • 2021
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1. The ratification of the Sixteenth Amendment to the U.S. Constitution was necessary to 
validate the Federal income tax on individuals. 
*a. True 
b. False 
2. Before the Sixteenth Amendment to the Constitution was ratified, there was no valid 
Federal income tax on individuals. 
a. True 
*b. False 
3. The first income tax on individuals (after the ratification of the Sixteenth Amendment to 
the Constitution) levied tax rates from a low of 2% to a high of 6%. 
*a. True 
b. False 
4. The Federa...
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