During the Current Year,the United States Files Criminal and Civil

question 81

Multiple Choice

During the current year,the United States files criminal and civil actions against Joe,the CEO of Box Corporation,and Jane,the president of Cable Corporation,for price fixing.Both enter pleas of no contest and appropriate judgments are entered.Subsequent to this action,Square Corporation sues both Box and Cable for treble damages of $6,000,000.In settlement,Box and Cable each pay Square $1,200,000.What is the maximum amount that Box and Cable may each deduct?

• A)$400,000
• B)$1,200,000
• C)$2,000,000
• D)$6,000,000

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Definitions:

Unskilled Workers

Individuals employed in a job that requires minimal training or education, often performing manual or menial tasks.

Nineteenth-Century Immigrants

Refers to the large waves of immigrants who moved to the United States during the 19th century, many of whom were escaping famine, religious persecution, and economic hardship in their home countries.

Agricultural Areas

Regions primarily engaged in the production of food, feed, fiber, and other agricultural products through farming activities.

Pools

Agreements between companies in the same industry to fix prices and divide markets among themselves, often to avoid competition and increase profitability.