The Sherman Antitrust Act, Passed by Congress in 1890, __________________

question 16

Multiple Choice

The Sherman Antitrust Act, passed by Congress in 1890, __________________.

• A) protected the big oil companies from civil suits
• B) authorized the criminal prosecution of corporations engaged in monopolistic practices
• C) granted FBI Director William Sherman extensive powers in the investigation of big business
• D) allowed greater investigation of illegal immigrants

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Definitions:

Withholding Allowance

A deduction that employees can claim to reduce the amount of their income that is subject to federal income tax withholding.

Gross Earnings

The total amount of income earned by an individual or a business before any deductions like taxes, benefits, and other adjustments.

Withholding Allowance

A determination made by employees on their W-4 form that influences the amount of federal income tax withheld from their paycheck.

Federal Income Tax

A yearly fee assessed by the national government on the income of individuals, corporations, trusts, and assorted legal entities.