Designating an Ethics Officer Is an Example of the Role

question 56

Multiple Choice

Designating an ethics officer is an example of the role of which of the following in encouraging ethics?

• A) the government
• B) a company
• C) a trade association
• D) an individual

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Definitions:

Taxable Income

The amount of income used to determine how much tax an individual or a corporation owes to the government.

Federal Income Tax

A charge imposed by the IRS on the yearly income of individuals, corporations, trusts, and various legal bodies.

Book Depreciation

The method of allocating the cost of a physical or tangible asset over its useful life for accounting and tax purposes.

Earnings and Profits

A measure used in corporate tax to assess the ability of a corporation to make distributions to its shareholders that are not considered a return of capital.