The first president to call for affirmative action was
A) Harry Truman.
B) Dwight Eisenhower.
C) John F. Kennedy.
D) Lyndon Johnson.
E) George Bush.
Question -2-Communism was heavily influenced by
a. the Declaration of Independence.
b. the writings of Karl Marx.
c.
Common Sense. d. Lockes
Second Treatise of Government. e. the failure of democracy.
Question -3-Warren Buffett, the billionaire CEO, has brought attention to the fact that he is taxed at a lower rate than his secretary, who pays almost 30 percent of her income in federal taxes each year. Mr. Buffet is taxed at a lower rate because
A) his salary is diverted into Roth IRA accounts, which are not taxed until the money is dispersed.
B) he has diverted 30 percent of his salary into U.S. Treasury bonds and those are taxed at a lower rate than salaries.
C) he has diverted 30 percent of his salary into pretax investment funds, which are not taxed until the money is dispersed.
D) his income comes from dividends, which are taxed at 15-20 percent.
E) he is older than his secretary and current tax rates are based on income as well as on age.
Question -4-A militant black group which opposed the nonviolent methods espoused by Martin Luther King, Jr. was
A) the Black Panthers.
B) the Southern Christian Leadership Conference (SCLC).
C) the National Association for the Advancement of Colored People (NAACP).
D) all of the above.
E) WAR.
Question -5-Tax loopholes allow individuals and corporations to
A) reduce their taxable income legally.
B) choose the state to which they will pay taxes.
C) register formal complaints with the Internal Revenue Service.
D) pay taxes only on investment income.
E) force the state to pay the tax on income.
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