The Articles of Confederation Were Written in 1777 but Not

question 47

Multiple Choice

The Articles of Confederation were written in 1777 but not ratified by the states until 1781. What took them so long?

• A)Maryland refused to ratify the document until the Confederation government controlled the Northwest Territory.
• B)Georgia demanded that provisions calling for the gradual emancipation of slaves be eliminated.
• C)New York was still occupied by British troops and could not vote on it.
• D)Virginia insisted that it would not ratify until Congress paid George Washington's salary.

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Definitions:

Corporate Income Tax

A tax imposed on the net income of a corporation, calculated on its net earnings.

Stockholders

Individuals or entities that own shares in a corporation, granting them certain rights and potentially a share in its profits.

Benefits Principle

The idea that people should pay taxes based on the benefits they receive from government services

Taxes

Obligatory charges imposed by authorities on the earnings of employees and the profits of businesses, or applied to the price of various commodities, services, and financial activities.