A Specific Duty Is a

question 142

Multiple Choice

A specific duty is a

• A) fixed sum charged for a specified number of units of the product.
• B) stated percentage of the invoice of the product.
• C) duty established for a given, articulated reason.
• D) rate charged in excess of a compound duty.

---

Definitions:

Intervals

Periods of time between events; in finance, it may refer to the frequency with which interest is applied or compounded.

Income Tax

Taxes that are based on the amount of taxable income that you earn.

Earned Income

Income derived from active participation in a business or trade, typically including wages, salaries, commissions, and tips.

Unearned Income

Refers to money received that does not come from employment, work, or business activities, such as dividends, interest, or government benefits.