A Place of Employment That Requires a Person to Be

question 81

Multiple Choice

A place of employment that requires a person to be a union member before applying for a job is said to be a _____ shop.

• A) limited access
• B) open
• C) closed
• D) mandatory membership.
• E) agency

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Definitions:

Net Income

The total earnings of an individual or corporation, after all taxes and deductions have been subtracted from total revenue.

Schedule E

A tax document utilized to declare earnings and deficits from real estate rentals, royalty payments, partnerships, S corporations, estates, and trusts.

Schedule D

A form used with IRS tax returns to report capital gains and losses from transactions of capital assets.

Schedule K-1

A tax document issued for an investment in partnership entities, used to report the income, losses, and dividends of partners.