Question : 11.A tax net income an example of a transaction-based tax. True False 12.A : 1495092

 

 

11.A tax on net income is an example of a transaction-based tax. 
 
True    False

 

12.A sales tax is an example of an activity-based tax. 
 
True    False

 

13.Ad valorem property taxes are the major source of revenue for local governments. 
 
True    False

 

14.Taxes on personal property are more difficult to administer and enforce than taxes on real property. 
 
True    False

 

15.A state government may levy either a sales tax or a use tax on consumers but not both. 
 
True    False

 

16.Sellers of retail goods are responsible for collecting sales tax from their customers and remitting the tax to the state government. 
 
True    False

 

17.Purchasers of consumer goods through the mail are responsible for paying use tax on goods for which sales tax was not collected by the seller. 
 
True    False

 

18.The majority of state governments raise revenue from both personal and corporate income taxes. 
 
True    False

 

19.The federal government imposed the first income tax to raise money to fight the War of 1812. 
 
True    False

 

20.The U.S. Constitution gives the federal government the power to impose a tax on income from whatever source derived. 
 
True    False