According to the Landrum-Griffin Act, National and International Unions Must

question 104

Multiple Choice

According to the Landrum-Griffin Act, national and international unions must elect officers at least once every ________ years.

• A)two
• B)three
• C)four
• D)five

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Definitions:

Dividends

Payments made to shareholders out of a corporation's profits.

Subchapter S Corporation

A form of corporation in the United States that meets specific Internal Revenue Code requirements, allowing it to pass income directly to shareholders and avoid double taxation.

Elect

To choose or decide on a particular option or choice, commonly referring to making tax-related selections on a return.

Net Capital Loss

It's the loss incurred when the total capital losses from investments exceed the total capital gains for a year.