At one time, the us government collected taxes only taxes and imports. the amendment to the constitution allowed the federal government to collect taxes on income

1. a. excise
b. income
c. property
d. sales

2. a. fourteenth
b. sixteenth
c. seventeenth
d. eighteenth

You estimate that your cattle farm will generate $0.15 million of profits on sales of $3 million under normal economic conditions and that the degree of operating leverage is 2. (leave no cells blank - be certain to enter "0" wherever required. do not round intermediate calculations. enter your answers in millions.) a. what will profits be if sales turn out to be $1.5 million?