Logrolling Allows Legislators to

question 7

Multiple Choice

Logrolling allows legislators to

• A)stack committees with cooperative colleagues.
• B)trade votes for each other's bills.
• C)gang up against the governor for budget approval.
• D)take long junkets at the taxpayers' expense.

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Definitions:

Passed Through

A term often used in finance and taxation to describe income, losses, or tax benefits transferred from one entity to another, such as in a pass-through entity.

Limited Liability Company

A business configuration that combines the beneficial limited liability of a corporation with the pass-through taxation system of partnerships or sole proprietorships.

Taxes

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Limited Liability Company

An organizational form blending a corporation's limited liability feature with the pass-through tax benefits of a partnership or sole proprietorship.