Which Act Provided That Persons in the Business of Dealing

question 2

Multiple Choice

Which act provided that persons in the business of dealing in drugs covered by the act-including opium derivatives and cocaine-were required to register yearly and to pay a special annual tax of $1?​

• A)​Native Races Act
• B)​Harrison Act
• C)​Thompson Act
• D)Indigenous Act

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Definitions:

Standard Deduction

A fixed dollar amount that reduces the income on which you are taxed, available to all taxpayers who do not itemize their deductions.

Taxpayer

An individual or entity that is obligated to make payments to municipal, state, or national governments, including taxes on income, property, or sales.

Single

A tax return designation for single taxpayers who are ineligible for any other filing statuses.

Understatement

The act of reporting less income or overstating deductions than actually occurred, potentially resulting in tax discrepancies.