Which Federal Constitutional Clause Limits the Territorial Scope of a State's

question 6

Multiple Choice

Which Federal Constitutional clause limits the territorial scope of a state's taxing authority based on "fairness" to tax?

• A) Due Process Clause
• B) Commerce Clause
• C) Equal protection Clause
• D) all of the above

---

Definitions:

Principal

The original sum of money borrowed in a loan or the initial amount of investment, excluding any interest or profits.

Interest

A payment made for the use of borrowed money, usually calculated as a percentage of the principal amount.

Note Receivable

A written promise for amounts to be received by a debtor, where the debtor agrees to pay back the amount, often with interest, by a specified date.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit sales, calculated as sales divided by average accounts receivable.