Which of the Following Statements Is True

question 1

Multiple Choice

Which of the following statements is true?

• A)There was no legal system in Australia prior to British settlement.
• B)The first governor of Australia was Governor Lachlan Macquarie.
• C)Indigenous Australians were recognised as legal inhabitants when the first British colony was established.
• D)Terra nullius means 'empty land'.

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Definitions:

Highly Compensated Employees

Employees who receive compensation from the business exceeding a specific threshold set by the IRS, subject to additional tax regulation.

Tax-Deferred Plans

Investment accounts that allow taxes on the principal and/or earnings to be paid at a future date instead of the year the investment earns income.

Pension Plan

A retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker's future benefit.

IRA Contribution

Money placed into an individual retirement account (IRA) that may qualify for tax deductions or other tax advantages.