Peter is a part of a group where members share the same objectives and ideology. Members of the group strive to influence governmental policy by winning electoral campaigns. Based on the above information, Peter is a member of which of the following?
a. a platform
b. a political party
c. a convention
d. a precinct
Answer: B
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Indicate whether the statement is true or false
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% of her income in federal taxes each year. Why is Mr. Buffett taxed at a lower rate?
A. His salary is diverted into Roth IRA accounts, which are not taxed until the money is dispersed. B. He has diverted 30% of his salary into U.S. Treasury bonds and those are taxed at a lower rate than salaries. C. He has diverted 30% 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 to 20%. E. He is older than his secretary and current tax rates are based on income as well as on age.