Which Clause Is the Source of Implied Powers Under the U.S.Constitution

question 20

Multiple Choice

Which clause is the source of implied powers under the U.S.Constitution?

• A)full faith and credit
• B)comity
• C)necessary and proper
• D)commerce

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Definitions:

Tax Rate

The fraction of earnings upon which the government imposes taxes on a person or corporate entity.

Interest Expense

The cost incurred by an entity for borrowed funds, typically presented on the income statement.

Incremental Cash Flows

The additional cash flow an entity receives from undertaking a new project or investment.

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time.