In 1913,to Offset the Loss of Revenues from Other Legislation,Congress

question 41

Multiple Choice

In 1913,to offset the loss of revenues from other legislation,Congress

• A) increased business regulatory fees.
• B) passed a graduated income tax.
• C) raised the tariff on agricultural goods.
• D) decided to inflate the currency.
• E) passed heavy excise taxes on alcohol and tobacco.

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Definitions:

Internet Transactions

Commercial or financial transactions conducted electronically on the internet.

Acceptance

The act of agreeing to the terms of an offer, thereby forming a contract.

Offer

A tentative promise to do something if another party consents to do what the first party requests.

Telephone

A telecommunications device that allows two or more users to conduct a conversation when they are too far apart to be heard directly.