In the Debates During the Constitutional Convention in 1787, the Virginia

question 4

Multiple Choice

In the debates during the Constitutional Convention in 1787, the Virginia Plan called for a two-chamber legislature. In allocating the number of representatives for each of the chambers, the Virginia delegation recommended

• A) that the president should determine the number of representatives.
• B) that the same number of representatives from each state serves lifetime appointments.
• C) that the number of representatives in each chamber should be based on the population of the state.
• D) that the courts should determine the number of representatives.
• E) that each state should receive one vote regardless of delegation size.

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Definitions:

Adjusted Gross Income

An individual's total gross income minus specific deductions. It's used as the basis for calculating taxable income.

Tax-deferred

An investment in which taxes on the principal and/or earnings are delayed until the funds are withdrawn, commonly seen in retirement accounts like 401(k)s and IRAs.

Accumulation Period

The time frame in which an investment, such as a annuity, accumulates interest or income before disbursement or annuitization.

Distribution Period

The time frame over which payments are made from an investment, retirement plan, or insurance policy to the beneficiary.