Nettie's Knits,Inc

question 67

Multiple Choice

Nettie's Knits,Inc.paid taxes on its net income then distributed part of the earnings as dividends to investors.These investors paid tax on the dividends they received.This practice is know as:

• A)initial public offering.
• B)double taxation.
• C)twice taxation.
• D)harvesting taxation.

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Definitions:

Federal Marshals

Law enforcement officers within the United States Department of Justice, responsible for duties such as protection of the federal judiciary, apprehension of fugitives, and management of criminal assets.

Civil Disobedience

The act of intentionally breaking laws or commands of a government or occupying power, to protest against laws or policies considered unjust.

Black Power

A political and social movement among African Americans, emphasizing racial pride, economic empowerment, and the creation of political and cultural institutions.

Nonviolence

A principle or practice of using peaceful means, rather than force, to bring about political or social change.