Identify a Perk Associated with the Presidency of the United

question 3

Multiple Choice

Identify a perk associated with the presidency of the United States.

• A) The president can start his or her own for-profit ventures.
• B) The president need not pay for the tuition of his or her children.
• C) The president is exempt from paying federal taxes.
• D) The president need not pay for his or her personal expenses.
• E) The president enjoys the use of the White House.

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Definitions:

Personal Assets

Assets owned by an individual as opposed to those owned by a business or an institution.

Transfer Agent

A trust company, bank, or similar financial institution assigned by a corporation to maintain records of investors, account balances and transactions, and to manage dividends and other disbursements.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing owners' claims on the company.

Financial Institution

An organization that provides financial services, such as banking, insurance, investment management, and loans to individuals, businesses, and governments.