_____ Takes Place When a Person Is Convicted but the Judge

question 49

Multiple Choice

_____ takes place when a person is convicted but the judge determines that confinement is not warranted. Instead, that person is allowed to live in society but under the court's supervision.

• A) Parole
• B) Probation
• C) Adjudication
• D) Restitution

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Definitions:

Double Taxation

The levying of tax by two or more jurisdictions on the same declared income (in the case of income taxes), asset (in the case of capital taxes), or financial transaction (in the case of sales taxes).

S Corporation

A special designation that allows corporations to pass income, losses, deductions, and credits through to their shareholders for federal tax purposes.

C Corporation

A legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity.

Limited Liability Companies

A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.