Which of the following is true?
A) Local governments cannot collect taxes in the U.S.
B) Only state governments can collect taxes in the U.S.
C) Only the federal government can collect taxes in the U.S.
D) The central as well as the local governments collect taxes in the U.S.
D
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The four main policy tools the Federal Reserve System uses to influence the interest rate are setting
A) credit easing, the discount rate, setting tax rates, and setting the required reserve ratio. B) the discount rate, open market operations, extraordinary crisis measures and setting the required reserve ratio. C) quantitative easing, open market operations, setting tax rates, and setting the required reserve ratio. D) quantitative easing, market interest rate and the discount rate, as well as open market operations. E) the prime rate, open market operations, extraordinary crisis management and setting the excess reserve ratio.
Any form of wealth held by a sole proprietor will be factored into the terms of the loans she receives because:
a. her liability is limited. b. her business is inseparable from her. c. her business is too small to bear investment risks. d. her investment decisions depend on her total output.