Which of the Following Is Correct About the United States

question 85

Multiple Choice

Which of the following is correct about the United States?

• A) Income is equally distributed.
• B) Wealth is equally distributed.
• C) Income is equally distributed but wealth is unequally distributed because of inheritances.
• D) Both wealth and income are unequally distributed.
• E) Both wealth and income are equally distributed.

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Definitions:

Double Taxation

A taxation principle referring to income taxes paid twice on the same source of earned income, it can occur when income is taxed at both the corporate level and personal level.

Corporation

A legal entity that is distinct and separate from its owners, capable of owning property, incurring debt, and being sued or suing.

Stockholder

An individual or entity that owns shares in a publicly traded corporation, making them partial owners of the company.

B Corporation

A B Corporation is a certification for businesses that meet high standards of social and environmental performance, accountability, and transparency.