True or Flase:

1. Under PL 86-272, an out-of-state seller is not considered engaged in business within a state if sales or solicitation in that State are made on behalf of seller by independent contractor or the independent contractor maintains an office in the state through which the independent contractor sells and solicits orders for out-of-state sellers.

2. To establish nexus, and thus subject Foreign corporations to income tax, NY needs to show that the activities of the corporation and the imposition of the income tax satisfies both the due process clause and the equal protection clause of the US constitution

3. New York imposes a corporate franchise tax on all domestic corporations which are incorporated in the state and on foreign corporations for (1) doing business, (2) employing capital in NY, (3) owning or leasing property in NY, (4) maintaining an office in NY or (5), satisfies the economic nexus requirement.