Early Days of the Biden Presidency: The Quiz

A new presidential administration and a new political social gathering holding a voting vast majority in the U.S. Senate heighten the uncertainty for U.S. executives. Even though it’s not likely Congress will go any new taxes in the course of the pandemic, the situation justifies seeing. How closely have you been next the early days of the Biden administration?

1. Janet Yellen is the very first individual to be chair of the Federal Reserve, Treasury Secretary, and which other put up?

A. Secretary of the Commerce Department
B. President of the Environment Lender
C. Chair of the White Residence Council of Economic Advisers
D. President of the New York Federal Reserve Lender

2. When does the four-year time period of Federal Reserve Chair Jerome Powell conclude?

A. December 2021
B. September 2021
C. February 2022
D. June 2022

three. Which of the next White Residence jobs does NOT need Senate affirmation?

A. Chief of the Small Company Administration
B. Countrywide Safety Adviser
C. Surgeon General
D. Director of the Countrywide Economic Council

4. Which one particular of these is NOT one particular of President Joe Biden’s mentioned economic objectives?

A. Increase the prime corporate earnings tax charge
B. Tax capital gains and dividends at everyday charges for high earners
C. Tax income earned from foreign subsidiaries at 39{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654}
D. Impose a fifteen{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654} bare minimum tax on e-book earnings

five. Which one particular of these proposals is in Biden’s crisis economic strategy?

A. A third iteration of the Paycheck Protection System, for midsize corporations
B. A $two hundred for every thirty day period Social Safety increase
C. Two months paid go away for all heath care employees
D. Non permanent earnings tax reduction for all reduced-earnings employees

6. Whom did President Biden nominate as U.S. Trade Agent?

A. Katherine Tai
B. Ngozi Okonjo-Iweala
C. Amy Celico
D. Michael Kantor

7. The Biden Cabinet nominations included a few previous governors and two mayors. Who is not one particular of all those 5 nominees?

A. Marty Walsh
B. Gina Raimondo
C. Jennifer Granholm
D. Gretchen Whitmer

8. Which of the above nominees co-established a enterprise capital business?

Answers: 1-C 2-C three-B 4-C five-B 6-A 7-D 8-B

Biden administration, Congress, Federal Reserve, Concern 2021-03 CFO, Jerome Powell, Joe Biden, taxes