The Ratification of the Sixteenth Amendment to the U

question 156

True/False

The ratification of the Sixteenth Amendment to the U.S.Constitution was necessary to validate the Federal income tax on corporations.

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Definitions:

Commercial Aircraft

An airplane used for transporting passengers or cargo for profit.

Transfer of Possessions

The act of moving ownership or control of property or assets from one party to another.

Debtor

An individual or entity that owes a debt or is obligated to make payments to another party, known as the creditor.

Creditor

An individual, organization, or entity that is owed money or other forms of compensation by a debtor.