Test Bank for Pearson's Federal Taxation 2020 Individuals, 33rd Edition

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1Pearson's Federal Taxation 2020: Individuals, 33e(Rupert/Anderson/Hulse)Chapter I1: An Introduction to TaxationLO1: History of Taxation in the United States1)The federal income tax is the dominant form of taxation by the federal government.Answer:TRUEExplanation: The federal income tax provides more revenues than any other tax.Page Ref.: I:1-2Objective: 12) The Sixteenth Amendment to the U.S. Constitution permits the passage of a federal incometax law.Answer: TRUEExplanation: The Sixteenth Amendment amended the Constitution to permit the imposition ofan income tax.Page Ref.: I:1-2Objective: 13) When a change in the tax law is deemed necessary by Congress, the entire Internal RevenueCode must be revised.Answer: FALSEExplanation: The federal income tax law is changed on an incremental basis.Page Ref.: I:1-3Objective: 14) The largest source of federal revenues is the corporate income tax.Answer: FALSEExplanation: The largest source is the individual income tax.PageRef.: I:1-3Objective: 15)Until about 100 years ago, attempts to impose a federal income tax were ruledunconstitutional. The amendment to the U.S. Constitution allowing the imposition of a federalincome tax is theA) Second Amendment.B) ThirteenthAmendment.C) Sixteenth Amendment.D) Nineteenth Amendment.Answer: CExplanation: The Sixteenth Amendment, ratified in 1913, gave Congress the power to impose afederal income tax.Page Ref.: I:1-2Objective: 1

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Pearson's Federal Taxation Individu...

Test Bank for Pearson's Federal Taxation 2020 Individuals, 33rd Edition

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