How Does Serving Multiple Prison Terms Compound the Financial Fragility

question 3

Multiple Choice

How does serving multiple prison terms compound the financial fragility of lower socioeconomic individuals?

• A) Prison terms erode marketable skills and mean lost income and lower earnings upon release.
• B) Multiple prison terms result in career criminal lifestyles to replace lost income.
• C) Multiple prison terms result in an inability to pass on wealth to the next generation.
• D) The loss of voting rights, income, and other privileges results in anomie and disempowerment, and makes a person virtually unhireable.

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Definitions:

Corporate Organization

The structured arrangement of roles, responsibilities, and relationships within a corporation to facilitate management and operations.

Transfer of Ownership

The act of conveying property or title from one person or entity to another.

Limited Life

Refers to the finite duration for which an entity, such as a corporation or partnership, is established to operate.

Double Taxation

A tax principle referring to income taxes paid twice on the same source of income, often seen in corporate dividends taxed at both the corporate and personal levels.