In 1996,the Defense of Marriage Act Was Enacted After Passing

question 47

Multiple Choice

In 1996,the Defense of Marriage Act was enacted after passing both houses of Congress and being signed into law by President Bill Clinton.The Defense of Marriage Act defined marriage as occurring between a man and a woman and banned recognition of same-sex marriages.The decision of the Supreme Court to take a case that challenged the constitutionality of the Defense of Marriage Act is a reflection of which power?

• A)reserved power
• B)expressed power
• C)veto power
• D)judicial review
• E)supremacy clause

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Definitions:

Deferred Tax Liability

A tax obligation due in the future for income that has been recognized in the financial statements before it is taxable by tax authorities.

Tax Depreciation

The depreciation expense deducted for tax purposes, allowing taxpayers to recover the cost of a property or asset used in a trade or business for income-producing purposes.

Accounting Depreciation

Represents the systematic allocation of the depreciable amount of an asset over its useful life, reflecting the wear and tear, obsolescence, or other declines in value as an expense in the income statement.

Company Tax Rate

The rate at which a corporation's income is taxed by the government.