Whether a Statute Is Classed as Regulatory or Revenue-Raising Statute

question 49

Multiple Choice

Whether a statute is classed as regulatory or revenue-raising statute depends on the:

• A) intent of the legislature.
• B) enforceability of the contract.
• C) flexibility of the license.
• D) duration of the license.

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Definitions:

Full Retirement

The age or situation where an individual decides to permanently leave the workforce and cease working.

Self-Employed Individuals

Persons who operate their own businesses or work as freelancers, responsible for their taxes and often not entitled to employee benefits.

Title VII

A section of the Civil Rights Act of 1964 that makes it illegal to discriminate in employment on the grounds of race, color, religion, gender, or ethnic background.

Civil Rights Act

A significant law in the United States that prohibited discrimination on the basis of race, color, religion, sex, or national origin.