The Practice Generally Known as Double Taxation Is Due to

question 48

Multiple Choice

The practice generally known as double taxation is due to

• A) shareholders' dividends being taxed at both the federal and state levels.
• B) corporate income being taxed at both the federal and state levels.
• C) interest on shareholders' dividends being taxed as income.
• D) corporate incomes being taxed at the corporate level, then again at the shareholder level when corporate profits are paid out as dividends.

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Definitions:

Lost Election

The outcome for a candidate or party that does not receive a majority of votes or sufficient votes to win a political election.

High Tariffs

Taxes on imported goods designed to protect domestic industries from foreign competition by making imported goods more expensive.

Re-election

The act of being elected again to a position or office that one has previously held.

AWSA

The American Woman Suffrage Association, a 19th-century organization focused on securing women's right to vote through amendments to individual state constitutions.