Examlex

Solved

The Following Questions Refer to the Excerpt Below

question 26

Multiple Choice

The following questions refer to the excerpt below.
"For the increase of shipping and encouragement of the navigation of this nation wherein,under the good providence and protection of God,the wealth,safety,and strength of this kingdom is so much concerned;(2) be it enacted by the king's most excellent Majesty,and by the Lords and Commons in this present Parliament assembled,and by the authority thereof,that from and after the first day of December,one thousand six hundred and sixty,and from thence forward,no goods or commodities whatsoever shall be imported into or exported out of any lands,islands,plantations,or territories to his Majesty belonging or in his possession,or which may hereafter belong unto or be in the possession of his Majesty,his heirs,and successors,in Asia,Africa,or America,in any other ship or ships,vessel or vessels whatsoever,but in such ships or vessels as do truly and without fraud belong only to the people of England or Ireland,dominion of Wales or town of Berwick upon Tweed,or are of the built of and belonging to any the said lands,islands,plantations,or territories,as the proprietors and right owners thereof,and whereof the master and three fourths of the mariners at least are English."
The Navigation Act of September 13,1660
-The legislation excerpted above reflects which of the following trends?


Definitions:

Gross Earnings

The total income earned by an individual or a business before any deductions or taxes are taken out.

Withholding Allowance

A claim made by an employee on a form W-4 to determine the amount of income tax withheld from their paycheck.

Federal Income Tax

A charge imposed by the IRS on the yearly income of persons, corporations, trusts, and various legal bodies.

Gross Earnings

The total amount of money earned by an individual or company before deductions such as taxes and retirement contributions.

Related Questions