What Is the Most Common Occupation Among Members of Congress

question 6

Multiple Choice

What is the most common occupation among members of Congress before coming to Congress?

• A) business executive
• B) lobbyist
• C) college professor
• D) lawyer

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Definitions:

Tax Law

The body of laws and regulations governing the administration of taxes, including levies on income, property, transactions, and estates.

Fiscal Year-End

Fiscal Year-End is the conclusion of a 12-month accounting period for a business or organization, used for financial reporting and tax purposes.

Automatic Extension

A granted period beyond the original due date for filing tax returns without needing to explain the reason for the delay.

FMV

Fair Market Value, the price at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.