Which of the Following Would Be True for a County

question 5

Multiple Choice

Which of the following would be true for a county to be defined as having persistent poverty?

• A) At least 10% of the population has been in poverty for at least the last 10 years.
• B) At least 10% of the population has been in poverty for at least the last 20 years.
• C) At least 20% of the population has been in poverty for at least the last 20 years.
• D) At least 20% of the population has been in poverty for at least the last 30 years.

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Definitions:

Partnerships

An official business operation conducted by two or more people, with a shared management system and profit allocation.

Double Taxation

The imposition of two or more taxes on the same income, asset, or financial transaction.

Limited Liability Company

A commercial foundation that unifies a corporation's limited liability with the direct tax benefits characteristic of partnerships or sole proprietorships.

Tax Election

A choice allowed under tax law that enables taxpayers to determine how they want certain tax rules to apply to them.