Because of the __________ Provision of the U

question 35

Multiple Choice

Because of the __________ provision of the U.S.Constitution,a person cannot be tried twice for the same crime.

• A) ex post facto
• B) bill of attainder
• C) double jeopardy
• D) privileges and immunities

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Definitions:

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, decay, or decline in value.

Distribution

The payment of assets from a fund or account to its beneficiaries or shareholders, such as dividends or withdrawals.

Reduction in Basis

A decrease in the tax basis of an asset, which could result from deductions such as depreciation, or after receiving tax-free returns of capital.

Self-employment Income

Income earned from conducting a business or profession as a sole proprietor, independent contractor, or freelancer, subject to self-employment tax.