This topic contains a solution. Click here to go to the answer

Author Question: South Dakota is the location for many national banks' credit card operations. How much income tax ... (Read 27 times)

Evvie72

  • Hero Member
  • *****
  • Posts: 519
South Dakota is the location for many national banks' credit card operations. How much income tax could the state of South Dakota collect on the banks that operate their credit card divisions there?
 A) South Dakota could collect tax on the banks' full income.
 B) South Dakota cannot collect income tax unless the banks are headquartered or incorporated there.
 C) South Dakota cannot collect any income tax from foreign corporations.
 D) South Dakota can collect income taxes from earnings on the credit card operations.

Question 2

NAFTA applies only to goods that originate in the U.S., Mexico, and Canada.
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

eliasc0401

  • Sr. Member
  • ****
  • Posts: 338
Answer to Question 1

D

Answer to Question 2

TRUE




Evvie72

  • Member
  • Posts: 519
Reply 2 on: Jun 24, 2018
Excellent


helenmarkerine

  • Member
  • Posts: 324
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

For a complete list of videos, visit our video library