What Is One Difference Between the Resource Conservation and Recovery

question 66

Multiple Choice

What is one difference between the Resource Conservation and Recovery Act (RCRA) and the Comprehensive Environmental Response, Compensation, and Liability Act (the Superfund Act) ?

• A)RCRA legislates nonmunicipal solid waste sites; the Superfund Act legislates municipal solid waste sites
• B)RCRA holds polluters accountable for the cost of the cleanup; the Superfund Act does not
• C)RCRA manages hazardous wastes being produced now; the Superfund Act cleans up abandoned or inactive hazardous waste sites
• D)RCRA cleans up abandoned or inactive hazardous waste sites; the Superfund Act manages hazardous wastes being produced now
• E)There is no difference between RCRA and the Superfund Act

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Definitions:

Estimated Payment

Periodic payments made towards expected tax liability before the due date to avoid penalties.

Subchapter S Corporation

A form of corporation that meets specific Internal Revenue Code requirements, offering the benefits of incorporated status while being taxed as a pass-through entity, avoiding double taxation.

Ordinary Loss

A loss incurred in the normal operation of a business that can be used to offset other types of income for tax purposes.

Interest Income

Earnings from investment in interest-bearing financial instruments, such as savings accounts, CDs, or bonds.