The Model Law Relating to the Assignment of Income Among

question 137

Multiple Choice

The model law relating to the assignment of income among the states for corporations is:

• A) Public Law 86-272.
• B) The Multistate Tax Treaty.
• C) The Multistate Tax Commission (MTC).
• D) The Uniform Division of Income for Tax Purposes Act (UDITPA).

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Definitions:

Missing Premises

Arguments or assertions that are not explicitly stated but are required for an argument's conclusion to be logical.

Syllogism

A form of deductive reasoning consisting of a major premise, a minor premise, and a conclusion.

Valid Syllogism

A form of deductive reasoning where, from two given or assumed propositions (premises), a logical conclusion is drawn.

Categorical

Unconditional; absolute; being without exception or qualification.