Which Interest Group Spent the Most Money on Lobbying in 2015

question 37

Multiple Choice

Which interest group spent the most money on lobbying in 2015?

• A) American Federation of Teachers
• B) Sierra Club
• C) AT&T
• D) American Medical Association
• E) U.S. Chamber of Commerce

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Definitions:

Sales Tax

A tax imposed by a government on the sale of goods and services, usually calculated as a percentage of the retail price.

Ordinary Repair

Expenditures to maintain the operating efficiency and expected productive life of an asset, treated as an expense.

Capitalization

The total value of all a company's outstanding shares of stock, calculated by multiplying the share price by the total number of shares.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues.