All States Assessing an Income Tax Use the Same Formula

question 96

True/False

All states assessing an income tax use the same formula for apportionment purposes.

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Definitions:

Federalism

A system of government where power is divided between a central government and various regions or states.

National Government

A political organization holding sovereign authority over a nation, responsible for governance, and the implementation of laws and policies.

Presidential Election

A formal process by which citizens of a country elect an individual to hold the office of the president.