The Voting Procedure Where a Shareholder Grants Authority to Another

question 42

Multiple Choice

The voting procedure where a shareholder grants authority to another individual to vote his/her shares is called ________ voting.

• A)proxy
• B)deferred
• C)straight
• D)cumulative
• E)democratic

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Definitions:

Self-Employment Tax

The tax covering Social Security and Medicare for individuals who work for themselves, essentially the self-employed version of FICA taxes.

Schedule C

A section of the IRS Form 1040 that allows self-employed individuals to report their business income and expenses.

Form SE

A tax form used by self-employed individuals in the United States to calculate the tax due on their net earnings from self-employment.

Early Withdrawal

Withdrawing funds from a retirement account or investment before a specified age, often incurring penalties and additional taxes.