A Corporation Consists Of

question 88

Multiple Choice

A corporation consists of:

• A) shareholders
• B) board of directors
• C) officers or managers
• D) shareholders and board of directors
• E) shareholders, board of directors, and officers or managers

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Definitions:

Tax Revenue

The financial resources acquired by governments via taxation.

Payroll Taxes

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

Personal Income Taxes

Taxes imposed on individuals or households based on the income they earn over a certain period, often progressive in nature.

Federal Government Expenditure

The total amount of money spent by the federal government on various programs, services, and obligations.