After the Civil War, Why Was It Considered Inappropriate for President

question 51

Multiple Choice

After the Civil War, why was it considered inappropriate for President Andrew Johnson to make a series of speeches seeking public support for his policies?

• A)President Johnson traveled with his own press secretary, the first time a president had used public relations officials.
• B)During the nineteenth century, it was perceived to be undignified for a president to campaign on his own behalf.
• C)President Johnson did not speak to the general public but instead spoke only to handpicked audiences where he knew he would be favorably received.
• D)President Johnson's speeches were delivered only in the former Confederate states and ignored the North, where he most needed support.

Understand the concept of tax audits and identify the most common type of audit for taxpayers.

Differentiate between the concepts of tax avoidance and tax evasion.

Identify and differentiate various types of taxes and their applications.

Understand the concept of tax rates, including average and marginal tax rates.

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Definitions:

Actively-Managed Mutual Funds

Mutual funds managed by professionals who actively select investments in an effort to outperform the market.

Market Index

A statistical measure that represents the overall performance of a specific set of stocks or securities.

Wilshire 5000

A stock market index designed to measure the performance of all U.S.-headquartered equity securities with readily available price data.

NAV

Stands for Net Asset Value, which is the value per share of a mutual fund or ETF calculated by dividing the total value of all the securities in the portfolio by the number of shares outstanding.