Which Provision in the U

question 16

Multiple Choice

Which provision in the U.S. Constitution gives Congress the power to "lay and collect taxes?"

• A) Article I section 8
• B) 16th Amendment
• C) Commerce Clause
• D) Supremacy Clause

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Definitions:

Company Tax Rate

The percentage of a corporation's profits that is paid to the government as tax.

WACC

Weighted Average Cost of Capital; a calculation that reflects the cost of a company's financing including both debt and equity.

Return on Investment

A financial ratio used to evaluate the efficiency or profitability of an investment, calculated by dividing the benefit (return) of an investment by the cost of the investment.

Investment Centres

Business segments or units within an organization that are responsible for their own revenues, expenses, and asset investments.