During World War II,the Distribution of Income Shifted

question 26

Multiple Choice

During World War II,the distribution of income shifted.Who did this shift favor?

• A) Labor
• B) The idle and wealthy class
• C) The government
• D) Foreign-born individuals

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Definitions:

Net Operating Cash Flow

The amount of cash generated by a company’s normal business operations, after accounting for operating expenses and working capital changes.

Capital Cost Allowance

A tax deduction available in many jurisdictions for businesses, representing a yearly allowance for the wear and tear, deterioration, or obsolescence of the property.

Tax Rate

The fraction of earnings upon which the government imposes taxes on a person or corporate entity.

Interest Expense

The cost incurred by an entity for borrowed funds, typically presented on the income statement.