Which of the Following Was One of the Main Rules

question 32

Multiple Choice

Which of the following was one of the main rules in the 1990 "Budget Enforcement Act"?

• A)flat tax rate
• B)PAYGO rule
• C)indexation of income tax brackets
• D)consumption tax
• E) none of the above

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Definitions:

Ordinary Course

Activities that are considered part of the normal, day-to-day operations of a business.

Assumes Liabilities

The act of taking on the legal debts or obligations of another party, often in the context of business transactions.

Fundamental Change

A significant alteration in the operation, structure, or nature of a business or organization that fundamentally changes its course or identity.

Unanimous Vote

A voting result where all participants cast the same vote, indicating total agreement.