Each of the Following Parties Has a Right to File

question 26

Multiple Choice

Each of the following parties has a right to file a Builder's lien EXCEPT the one that

• A) sells tools or machinery to the contractor.
• B) delivers goods directly to the contractor's premises and can prove that the goods were used in the construction.
• C) rents equipment for use on the contract site.
• D) delivers goods directly to the building site.
• E) is an architect and has prepared plans for the building.

---

Definitions:

Marginal Tax Rate

The rate at which the next dollar of taxable income is taxed, illustrating how much tax applies to an additional dollar of income.

Income Tax Schedule

A chart that delineates the tax rates applicable to different levels of income, used to calculate taxes owed.

Average Tax Rate

The fraction of total income that an individual or entity pays in taxes, calculated by dividing total taxes by the total taxable income.

Taxes

Compulsory financial charges or levies imposed by a government on its citizens to fund public expenditures.