In Texas, which is true of the 1991 franchise tax?

a. It is levied only on a business's inventory.
b. It applies only to sole proprietorships.
c. It is typically assessed on a business's revenue plus employee compensation.
d. It must be paid even if a business fails to make money.

Answer: D

Political Science

You might also like to view...

The preemption of state and local laws is based on which clause of the U.S. Constitution?

a. commerce b. due process c. equal protection d. supremacy

Political Science

What outcome resulted from most of the 370 treaties entered into between Native American tribes and the federal government between 1778 and 1870?

A. The federal government reneged on its promises, and the tribes received no land. B. The tribes received access to land. C. The tribes and the federal government reached financial settlements. D. The tribes sued the federal government for increased lands and often won. E. The tribes were granted resource and occupancy rights, but not land.

Political Science