The Purpose of the Immigration Reform and Control (Simpson-Rodino) Act

question 125

Multiple Choice

The purpose of the Immigration Reform and Control (Simpson-Rodino) Act of 1986 was to

• A) stem the flow of illegal immigrants into the United States by penalizing employers who hired undocumented workers.
• B) set quotas for the number of immigrants to be accepted into the United States from various regions of the world.
• C) establish methods of tracking immigrants, especially those from the Middle East, once they entered the United States.
• D) bar entry into the United States of all non-English-speaking immigrants intending to seek citizenship.

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Definitions:

Treasury Stock

Shares that were once part of the outstanding shares of a company but were later reacquired by the company itself.

Deferred Tax Asset

A tax reduction or benefit that arises due to temporary differences between the book value and tax value of assets and liabilities, which can be used to offset future tax liabilities.

Income Taxes Payable

The amount of income tax a company owes to the government but has not yet paid, usually accumulated over a financial period.

Income Tax Expense

The amount of money a company owes in taxes based on its taxable income.