Match Each Statement with the Correct Term Below

question 89

Multiple Choice

Match each statement with the correct term below.
-Finance Committee

• A)Where federal tax legislation generally originates.
• B)Has jurisdiction over all tax matters in the U.S. Senate.
• C)The committee responsible for initial hearings and deliberations on a tax bill.
• D)Responsible for negotiating a resolution of the differences in the House and Senate versions of a tax bill.
• E)The agency within the administrative branch of government with overall responsibility for administration of tax law.
• F)Oversees the operation and administration of the tax system as a whole, and prepares a general explanation of any tax bill signed by the President.

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Definitions:

Market Value

The current quoted price at which an asset or a company can be bought or sold on the open market.

Declaration Date

Date on which the board of directors passes a resolution to pay a dividend.

Dividend

A portion of a company's earnings that is paid to shareholders, usually on a regular basis.

Corporate Dividend Payout

The part of a company's profits paid out to shareholders as dividends.