Which of the Following Was Not a Tax Measure Used

question 7

Multiple Choice

Which of the following was not a tax measure used by the U.S.Congress to help finance the war?

• A) A graduated income tax
• B) A flat 10% income tax
• C) Creation of the Internal Revenue Service
• D) Sin taxes on sales of tobacco and alcohol
• E) Stamp taxes

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Definitions:

Shipment Contract

A type of sale contract in which the seller is obligated to send the goods to the buyer, but the risk of loss passes to the buyer when the goods are delivered to the carrier.

Nonconforming

Refers to goods, services, or actions that fail to meet previously agreed upon standards, specifications, or regulations.

CIF

Cost, Insurance, and Freight, a term used in international shipping where the seller is responsible for the cost, insurance, and freight of delivering goods.

Insure Goods

To insure goods means to secure a financial protection or coverage against possible damage, loss, or theft through an insurance policy.