Which of the Following Statements About Third Parties in the United

question 34

Multiple Choice

Which of the following statements about third parties in the United States is true?

• A) They have been relatively inactive throughout the history of presidential elections.
• B) They generally downplay ideology in favor of winning elections.
• C) They are discouraged by the election laws in many states.
• D) They have been increasingly more important in many national elections, most recently in 2004.
• E) They do not need to meet minimum signature requirements in order to appear on ballots.

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Definitions:

Accrual Method

A bookkeeping approach that registers revenues and costs as they are accrued or realized, irrespective of the timing of the associated cash transactions.

Taxable Income

The amount of income that is subject to income tax after deductions and exemptions.

Corporate Income Tax Rate

The percentage of corporate profits that are paid to the government as income tax.

Interperiod Tax Allocation

The accounting practice of distributing income taxes equally among the different periods affected by temporary differences.