A Means by Which Owners of Estates in Land Can

question 170

Multiple Choice

A means by which owners of estates in land can make agreements that bind their successors is called a:

• A) lien
• B) covenant
• C) mortgage
• D) possessory
• E) none of the other choices are correct

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Definitions:

Wage-Base Limitation

A ceiling on the amount of an employee's income that is subject to certain taxes or contributions.

Progressive

A political and social philosophy advocating for reform and improvements in social justice, welfare, and the protection of civil liberties.

Regressive

A term describing a tax system where the tax rate decreases as the taxable amount increases, disproportionately affecting those with lower incomes.

Payroll Tax

Taxes imposed on employers and employees, calculated as a percentage of the salaries that employers pay their staff.