Match the Most Appropriate Term to the Definition

question 40

Multiple Choice

Match the most appropriate term to the definition.
-Legal standard created by a legislature

• A)two-thirds
• B)procedural law
• C)constitutionality
• D)majority
• E)lobbyist
• F)three-fourths of the states
• G)remedial law
• H)protective law
• I)code
• J)session laws
• K)Congress
• L)Senate
• M)statute
• N)House of Representatives
• O)Repeal
• P)amend
• Q)bill
• R)committee
• S)veto
• T)U.S.Supreme Court

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Definitions:

Gross Pay

The total amount of an employee's earnings before any deductions are made for taxes, benefits, and other payroll deductions.

Voluntary Deductions

Deductions from an employee's paycheck that are made with the employee's consent, such as for benefits, union dues, or retirement plans.

Interest-Bearing Note

A debt security that pays interest to the holder until it matures, at which point the principal is reimbursed.

Discounting

The process of determining the present value of a payment or a stream of payments that is to be received in the future.