Which of the Following Is Not a Power Held by the National

question 30

Multiple Choice

Which of the following is not a power held by the national legislature under the U.S. Constitution?

• A) to lay and collect taxes
• B) to raise and support armies and navies
• C) to declare war
• D) to coin money
• E) to provide for the education of citizens

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Definitions:

Tax Exemption

A monetary exemption which reduces taxable income, allowing certain income or transactions to be legally exempt from taxation.

Income Tax Rate

The percentage at which an individual or corporation is taxed on their income, which can vary based on income level and jurisdiction.

Standard Annuity

A type of annuity contract that provides a fixed series of payments to an individual over a specified period.

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.