Felonies Are Punishable by Imprisonment for More Than a Year

question 51

True/False

Felonies are punishable by imprisonment for more than a year or death.

---

Definitions:

Federal Income Tax Returns

Documents filed with the IRS to report annual income, deductions, and applicable taxes owed or refunds due to taxpayers.

Attract Capital

Strategies or actions taken by a business or country to draw in investment funds from external sources.

Nontax Paying Entity

An entity, such as a nonprofit organization, that is exempt from paying taxes to the government.

Limited Partnership

A partnership consisting of at least one general partner and one or more limited partners, with limited liability for the latter.