Despite Its Name, the Line-Item Veto Act That Congress Passed

question 92

True/False

Despite its name, the Line-Item Veto Act that Congress passed in 1996 did not give the president full line-item veto power.

---

Definitions:

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Average Repair Cost

The mean cost incurred for repairing an asset over a certain period, calculated by dividing the total repair costs by the number of repairs.

FICA Taxes

Taxes imposed by the Federal Insurance Contributions Act, which fund Social Security and Medicare, split between employees and employers.

Federal Unemployment Insurance

A government-provided insurance scheme that offers payments to eligible unemployed workers.