The Stimulus Package Proposed by the Bush Administration in Early

question 42

Multiple Choice

The stimulus package proposed by the Bush Administration in early 2008 relied upon

• A)a permanent increase in personal income tax rates.
• B)a temporary surtax added to existing personal income tax rates.
• C)making permanent the 2003 income tax rate cuts, as well as tax rebates to taxpayers.
• D)a requirement that any children claimed as dependents have social security numbers.

---

Definitions:

Untimely

Untimely refers to something occurring or being done at an inappropriate, inopportune, or irregular time, often resulting in adverse effects or inconveniences.

Negotiate

The process of discussing terms and conditions with the aim of reaching an agreement or compromise.

Perfect Tender Rule

A principle in commercial law that a seller's performance must exactly meet the contract specifications or the buyer can reject the goods.

Commercial Unit

A term used in the Uniform Commercial Code referring to a standard of measure, item, or a set of items that are treated as a single unit for the purposes of a transaction.