Prior to Being Banned in 2002 by the McCain-Feingold Act,unlimited

question 5

Multiple Choice

Prior to being banned in 2002 by the McCain-Feingold Act,unlimited monetary contributions that were earmarked for party-building expenses at the grassroots level or for generic party advertising were known as __________.

• A)hard money
• B)soft money
• C)matching funds
• D)support funds

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Definitions:

Payroll Checks

Checks issued by an employer to pay employees for their services, reflecting gross pay, deductions, and net pay.

Net Pay

The total income of an employee following the subtraction of all deductions, including taxes and retirement fund contributions.

Gross Earnings

The total amount of money earned by an individual or a company before any deductions such as taxes, benefits, or other expenses.

FICA-OASDI

FICA-OASDI is the Federal Insurance Contributions Act for Old-Age, Survivors, and Disability Insurance, a payroll tax funding Social Security and Medicare in the United States.