Under the Election Bar Rule, a Written Labor Contract Bars

question 63

True/False

Under the election bar rule, a written labor contract bars an election among the affected bargaining unit during the life of that bargaining agreement.

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Definitions:

Gain Recognize

Gain Recognize refers to the process of reporting the profit earned from the sale of an asset for tax purposes.

Installment Sale

A sale of property where the buyer pays the price in periodic installments and the seller recognizes income for tax purposes with each payment.

Form 6252

An IRS form used to report income from the sale of property under an installment sale agreement.

Schedule D

A form used with a tax return to report capital gains and losses incurred during the reporting period.