Paying Your Taxes Reading Quiz
QUESTION 2 of 10: If you want to reduce the amount you pay in taxes each year:
O a) You should work less hours
b) Start contributing to an individual retirement account
O c) Don't claim any earnings
O d) All the above
Submit
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Answers

Answer 1

Answer:

b

Explanation:

Answer 2

If you want to reduce the amount you pay in taxes each year, then  Start contributing to an individual retirement account

If you want to reduce the amount you pay in taxes each year, there are several strategies you can consider. One option is to start contributing to an individual retirement account (IRA). By contributing to an IRA, you may be able to deduct the amount of your contributions from your taxable income, thereby reducing your overall tax liability. Another strategy is to work fewer hours, as your income will be lower and may result in a lower tax obligation.

However, reducing your work hours may also affect your overall income and financial goals, so it's important to consider the trade-offs. Lastly, not claiming any earnings would not be a practical or legal solution, as the tax authorities require accurate reporting of income. In conclusion, the best approach to reducing your tax payments would be to start contributing to an individual retirement account (IRA).

So, the correct answer: b) Start contributing to an individual retirement account

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Related Questions

PLEASE!! can someone send me an unused rbx gift card for 10 points

Answers

Answer:

RIKABRM8MPUF929FJC

Explanation:

You’re gonna have to give more than 5 points for a rbx card

Receiving constructive criticism with and
is the professional response to the situation.
A.gratitude
B.an open mind
C.suspicion
D.reluctance

Answers

I believe the answer is B because you always gotta have an open mind to improve yourself by listening to what you need work on

Spotlight on India and Mexico Question Number 1) India’s rapidly expanding service sector of educated workers represents more than half of the country’s annual GDP, despite that less than one-third of the country is employed. This trend is indicative of the world economic trend that ________. a Manufacturing is increasing only in developing countries b Manufacturing is declining c production has been decoupled from employment d Communism is on the rise e Currency trading has decreased Previous Question 1 of 5 (0 completed) Next

Answers

Answer:

production has been decoupled from employment

Explanation:

We aren't informed about India’s which is rapidly expanding service sector of educated workers represents more than half of the country’s annual GDP, despite that less than one-third of the country is employed. In this case, This trend is indicative of the world economic trend that production has been decoupled from employment.

Decoupled Production can be regarded as a case whereby company/ firms brings about separation of production from ideation, employment as well as media buying. And in some cases, a chosen production house takes responsibility for production work.

Five Card Draw manufactures and sells 24,000 units of Diamonds, which retails for $180, and 27,000 units of Clubs, which retails for $190. The direct materials cost is $25 per unit of Diamonds and $30 per unit of Clubs. The labor rate is $25 per hour, and Five Card Draw estimated 180,00 direct labor hours. It takes 3 direct labor hours to manufacture Diamonds and 4 hours for Clubs. The total estimated overhead is $720,000. Five Card Draw uses the traditional allocation method based on direct labor hours.

Answers

Question Completion:

Find the gross profits for Diamonds and Cards

Find the total gross profit

Answer:

Five Card Draw

                               Diamonds          Clubs           Total

Gross profit          $1,632,000     $1,188,000  $2,820,000

Explanation:

a) Data and Calculations:

                                                  Diamonds       Clubs           Total

Units manufactured and sold     24,000        27,000        51,000

Retail price                                    $180            $190

Sales revenue                          $4,320,000   $5,130,000 $9,450,000

Direct materials cost per unit       $25              $30

Labor rate = $25 per hour

Direct labor hours per unit              3                  4

Total direct labor hours              72,000       108,000       180,000

Estimated overhead = $720,000

Predetermined overhead rate = $4 ($720,000/180,000) per DLH

Overhead allocation                $288,000     $432,000     $720,000

Total direct materials costs    $600,000      $810,000    $1,410,000

Total direct labor costs         $1,800,000  $2,700,000  $4,500,000

Total costs of production     $2,688,000 $3,942,000  $6,630,000

Income Statement:

                                                  Diamonds       Clubs           Total

Sales revenue                       $4,320,000   $5,130,000  $9,450,000

Total costs of production     $2,688,000  $3,942,000  $6,630,000

Gross profit                           $1,632,000     $1,188,000  $2,820,000

Tony wants to pay off his credit card balances within 12 months. He is trying to decide if he should use his $1,000 in savings to pay off part of the balances or if he should transfer the balances to a new card with a low introductory rate. The new credit card has an introductory rate of 7% but charges a balance transfer fee of $75 for each balance transfer. Evaluate Tony's options and recommend the debt management plan that would give him the lowest monthly payment.

Answers

Answer: pay off all of credit card A, and $206 of credit on card B. transfer the remaining balance of credit card B to the new card  

Explanation:

Tony's options and recommend the debt management plan that would give him the lowest monthly payment. He Transfer the remaining balance of credit card B to the new card and pay off all of credit card A and the $206 remaining on card B.

What do you mean by Transfer?

The movement of resources, money, or ownership rights from one location to another is referred to as a transfer. The procedure by which ownership of money or property is transferred to a new owner is also referred to as a transfer.

There are two major approaches you can take if you want to pay off a credit card with another credit card: a balance transfer or a cash advance. Both can be possibilities to think about in an emergency, but there are a few key differences that must be understood before choosing one over the other.

Even though it's crucial to make at least the minimum payment each month, it's not recommended to carry a balance from month to month because you'll accrue interest fees (unless you're taking advantage of an introductory 0% APR) and run the danger of going into debt.

Therefore, Tony transfer the remaining balance of credit card B to the new card and pay off all of credit card A and the $206 remaining on card B.

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Type your summary here. Use the Internet to find an article that presents a forecast of the economy's performance in the next three months to a year. Once you have found and read your article, record your summary using the following format in the box below and include the link. Be sure to include the URL links you used as resources in the space below.

Paragraph #1 - Summary of article including the link.
Paragraph #2 - How it relates to entrepreneurship.
Paragraph #3 - Your opinion of whether or not you agree with the prediction and the evidence provided to support the forecast.

Answers

The exercise is about summaries. It tests your ability to summarize an article.

What is a Summary?

A summary refers to a concise statement or account or report of the key points of an event, story, or literature.

A summary is usually exclusive of details that are not necessary. It focuses on the key points.

The key points of a text are usually found in the introduction and the conclusions of the text. One must however ensure that they read through the entire text to get the true context of what is being summarized.

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Answer:

The article I read was "The World Bank slashes its forecast for global economic growth." by New York Times https://www.nytimes.com/2022/04/18/business/the-world-bank-slashes-its-forecast-for-global-economic-... . To summarize, the estimation made by The World Bank that the economy would grow at a rate of 4.1 percent was revised due to the conflict in Ukraine. The World Bank is now estimating the economy would grow 3.2 percent globally. The article then goes into the effect the conflict will have on consumers.

This topic relates to entrepreneurship because global economic growth benefits entrepreneurs because knowing the projected economic growth can allow business owners to better predict the growth they should expect to see. This is important when examining the statistics of a business because it gives a baseline of comparison to see if the business is successfully growing of if changes need to be made to ensure proper growth.

In my opinion I agree with the prediction, I can see the possible impact the conflict can have on the global growth of the economy. I believe the corrected projection of less than originally thought is appropriate considering the affect the conflict has had on consumers. The reduced stimulation of the economy caused by less consumer interaction will indeed decrease the rate at which the economy will grow.

Explanation:

n/a

4.2. Why do you think capital is important?​

Answers

Answer:

Capital is important because it's that part of an asset that can be used to repay its depositors, customers, and other claimants in case the bank doesn't have enough liquidity due to losses it suffered in its operations. Capital also helps the bank in times of a liquidity crisis.

Which of these choices shows the smartest thinking?
ОА.
I use my credit card very carefully and I always pay my credit card bill the
minute I get it.
I use my credit card very carefully and I always pay my credit card bill the
day it is due.
Ов,
Oc. I use my credit card for impulse shopping.
OD. I use my credit card to help my friends buy stuff they cannot afford,

Answers

Ob is the smartest thinking I think

Competitive dynamics refers to the: a. circumstances in which competitors are aware of the degree of their mutual interdependence resulting from market commonality and resource similarity. b. set of competitive actions and competitive responses the firm takes to build or defend its competitive advantages and to improve its market position. c. ongoing actions and responses among all firms competing within a market for advantageous positions. d. ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position.

Answers

Answer:

d. ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position.

Explanation:

Competitive dynamics refers to the ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position.

This ultimately implies that, competitive dynamics comprises of various competitive actions or activities that a particular company or business firm engages so as to have a competitive advantage over its competitors in the same industry or market. Thus, it avails a business the opportunity to have a better market-share over rival firms.

In an effort to address the troubled economy, ..."For the ninth time in just over a year, the Federal Reserve is expected to cut interest rates, quite possibly its last reduction in this downturn." Rates have not been this low "... since 2003, when the economy was growing at a snail's pace." www.csmonitor, 10/28/2008 The Fed's rate cuts will ________ bank reserves and ________.

Answers

Answer:

decrease bank reserves; decrease the exchange rate and real GDP

Explanation:

The Federal reserve uses various monetary policies to regulate cash flow in the economy with a view of managing various indices like inflation, GDP, deflation, and so on.

Interest rate is one of the monetary policies that can be used to.vonttol the economy.

When interest rate is high cost of borrowing cash from commercial banks will be high so people are discouraged from borrowing. There is higher reserve in banks, and cash flow is restricted.

However in a situation where the economy is troubled the Federal Reserve will reduce interest rate.

This results in cheaper cost of borrowing funds, commercial bank reserves will reduce because of increased outward flow of cash.

As the cash in the economy is in excess the rate at which it exchanges for foreign currencies will fall.

This in turn results in more money being spent on foreign goods and will reduce real GDP

Lisa Campos was interested in buying a coffee pot to use at college and a cassette player for her sister's birthday present. At the local discount store, she compared prices on coffee pots and chose the cheapest. She read the product information on each cassette player and finally chose one with stereo headphones and a rechargeable battery. For Lisa, the coffee pot was a. a convenience product, but the cassette player was a specialty product b. a heterogeneous shopping product, but the cassette player was a staple c. an impulse product, but the cassette player was a convenience product d. a specialty product, but the cassette player was a heterogeneous shopping product e. a homogeneous shopping product, but the cassette player was a heterogeneous shopping product

Answers

Answer:

e. a homogeneous shopping product, but the cassette player was a heterogeneous shopping product.

Explanation:

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.

In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.

At the local discount store, Lisa compared prices on coffee pots and chose the cheapest. She read the product information on each cassette player and finally chose one with stereo headphones and a rechargeable battery. For Lisa, the coffee pot was a homogeneous shopping product, but the cassette player was a heterogeneous shopping product.

Homogeneous shopping products can be defined as products that have similar level of quality but with differing attributes such as brand image, price or production style.

On the other hand, heterogeneous shopping products can be defined as products that have different level of quality and their price is less important to consumers.

4.1. Why will a business pay a salary or wage to a member of a household?​

Answers

Answer:

because they work in the company.

DUE TODAY PLEASE HELP T^T

One reason picking a career that interests you is that you might easily spend 30-40 years doing that job.

False
True

Answers

Answer:

False

Explanation:

Because you would spend 30-40 years of that career that YOU would enjoy. If you do something that's easy but not fun, then you would most likely end up quitting that job/career.

The action of keeping financial accounts is called

PLEASE HELP

Answers

Answer:

How Accounting Works

Accounting is one of the key functions for almost any business. It may be handled by a bookkeeper or an accountant at a small firm, or by sizable finance departments with dozens of employees at larger companies. The reports generated by various streams of accounting, such as cost accounting and managerial accounting, are invaluable in helping management make informed business decisions.

Explanation:

which of the following jobs typically requires an associate’s degree

Answers

you never added the jobs...

What are the jobs bro


Multiple Choice
Which argument would you use to get a friend to look at the Bureau of Labor Statistics Web site before choosing a career path?
O BLS can tell you if you'll get a position or not after graduation.
BLS can tell important information about education needed, how much demand there is for each job, and approximate pay rates.
O BLS can tell you what kind of boss you will have
O BLS can tell you exactly which career is perfect for your personality

Answers

Answer:

can tell important information about education needed, how much demand there is for each job, and approximate pay rates.

Explanation:

what signs of maturity were shown towards the end of Tall Girl? Movie

Answers

The answer is watch the movie

When performing the "Incremental ROR analysis" of multiple mutually exclusive alternatives, the first step is to order all the alternatives from the largest to the smallest initial investment.

O True

O False

Answers

Answer:

True

Explanation:

Mutually exclusive is a situation where two projects cannot be incorporated together. These are independent projects which needs to be selected based on their risk and return. The first step is to list the projects according to their initial investments.


Pleaseee help
P
L
E
A
S
E

Answers

Answer:

What should I help dude

A special type of project team that focuses on the verse in designing a implement a new product is a

Answers

Answer:

Product development team.

Explanation:

Product development team is special type of team which is formulated for designing a product and implement a new product. The product development team is responsible for the research of the new product and then formulae design for the product and then implement the product.

The expected rate of change in the nominal dollar/euro exchange rate is best described as Group of answer choices the expected rate of change in the real dollar/euro exchange rate minus the U.S.-Europe real interest rate difference. the expected rate of change in the real dollar/euro exchange rate plus the U.S.-Europe real interest rate difference. the expected rate of change in the real dollar/euro exchange rate plus the U.S.-Europe expected inflation difference. the expected rate of change in the real dollar/euro exchange rate minus the U.S.-Europe expected inflation difference. the expected rate of change in the real dollar/euro exchange rate plus the European expected inflation.

Answers

Answer:

the expected rate of change in the real dollar/euro exchange rate plus the U.S.-Europe expected inflation difference.

Explanation:

Foreign exchange market can be defined as type of market in which the currency of one country is converted into that of another country.

For example, the conversion of dollars of the United States of America can be converted into naira (Nigeria) at the foreign exchange market.

Efficient market school is the market school which argues that forward exchange rates do the best possible job for forecasting future spot exchange rates, so investing in exchange rate forecasting services would be a waste of time because it is impossible to have a consistent alpha generation on a risk adjusted excess returns basis as market prices are only affected by new informations.

The efficient market school also known as the efficient market hypothesis (EMH) is a hypothesis that states that asset (share) prices reflect all information and it is very much impossible to consistently beat the market.

Also, forward exchange rates are exchange rates controlling foreign exchange transactions at a specific future date or time.

Hence, the expected rate of change in the nominal dollar/euro exchange rate is best described as the expected rate of change in the real dollar/euro exchange rate plus the U.S.-Europe expected inflation difference.

You have $500,000 to deposit in a bank account. What should you do with this deposit to be certain it is insured?

A.
Split it in half and deposit it in two separate savings accounts at different commercial banks.

B.
Deposit all of the money in one savings account in a commercial bank.

C.
Deposit all of the money in one checking account in a commercial bank.

D.
Split it in half and deposit it in two separate savings accounts at different brokerage firms.

Answers

The correct answer for plato users is option A

Explanation:

I just took the midterm and this was the correct option, please give brainly :)

The correct option is A.

Split it in half and deposit it in two separate savings accounts at different commercial banks.

Can direct deposit go to two different banks?

Typically, yes. In fact, many direct deposit programs allow you to split your payment between savings and checking accounts at different banks. You'll just need to add your banks' routing numbers, your account numbers and the account type for each.

How do I split up my savings?

The basic rule is to divide up after-tax income and allocate it to spend: 50% on needs, 30% on wants, and socking away 20% to savings.

Why is it important that your deposit is insured?

Deposit insurance provides three important benefits to the economy:

It assures small depositors that their deposits are safe, and that their deposits will be immediately available to them if their bank fails.

It maintains public confidence in the banking system, thus fostering economic stability.

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Recalling the competency pyramid studied in this chapter, what is the difference between a personal competency and an academic competency?
A personal competency is something you are born with, whereas an academic competency is something a teacher gives you
A personal competency is something warned from schooling, while an academic competency is something learned through reading
A personal competency is a skill that is part of your character or personality, whereas an academic competency is generally learned through schooling
A personal competency is something that you cannot develop, whereas an academic competency is something that you can learn

Answers

Answer:

c

Explanation:

lololololoolololololol

The time attendance system in the production division at MM, an automobile manufacturing company, was malfunctioning. Consequently, Greg Hill, one of the front-level managers, sent it for repair. In the meantime, he placed a register where all workers of the production division had to provide their time of entry and exit from office. At the end of the week, when looking through the time logs, he had certain concerns about a group of employees. In the next week, he personally tracked the time this group of employees spent working and realized that they were reporting a greater number of working hours than they actually worked. This group engaged in a barrier to communication called _

Answers

I don’t like to ready it’s called the pizza pizza Liza Liza can I get brainless

What is a tagline?

(Principles Of Business Management)

Answers

A tagline is a catchphrase or slogan used to advertise a brand. It is a short phrase or a series of phrases,often presented in conjunction with a brand logo,that is intended to add meaning to a brand

Answer:

Explanation:

A tagline is a short phrase used in marketing campaigns of a business to sum up the value of a brand or its products and create a positive brand impression.

write a number which is the product of two prime number​

Answers

Answer:

2 x 3 = 6. ...............

In mathematics, a semiprime is a natural number that is the product of exactly two prime numbers. The two primes in the product may equal each other, so the semiprimes include the squares of prime numbers.


A product of two primes can never be prime because the product of two primes p1 and p2 is always divisible by those two primes that are smaller than it and always bigger than 1 which is not prime by definition - and a prime is only divisible by 1 and itself.

The first 49 prime numbers are 2, 3, 5, 7, 11, 13, 17, 19, 23, 29, 31, 37, 41, 43, 47, 53, 59, 61, 67, 71, 73, 79, 83, 89, 97, 101, 103, 107, 109, 113, 127, 131, 137, 139, 149, 151, 157, 163, 167, 173, 179, 181, 191, 193, 197, 199, 211, 223, and 227.

No, the product of two (or more) prime numbers cannot result in another prime number.

Carolyn spends her income on popular magazines and music CDs. If the price of a CD is four times the price of a magazine and if Carolyn is maximizing her utility, she buys Group of answer choices four times as many CDs as magazines. four times as many magazines as CDs. both goods until the marginal utility of the last magazine purchased is four times the marginal utility of the last CD purchased. both goods until the marginal utility of the last CD purchased is four times the marginal utility of the last magazine purchased.

Answers

Answer:

both goods until the marginal utility of the last CD purchased is four times the marginal utility of the last magazine purchased.

Explanation:

The marginal utility of goods and services is the additional satisfaction that a consumer derives from consuming or buying an additional unit of a good or service.

In Economics, the law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.

In this scenario, Carolyn spends her income on popular magazines and music CDs. If the price of a CD is four times the price of a magazine and if Carolyn is maximizing her utility, she buys both goods until the marginal utility of the last CD purchased is four times the marginal utility of the last magazine purchased.

Someone broke into your apartment and stole all of your stuff. Luckily, you
have renter's insurance. How do you request that your insurance pay for
the lost items?
A. file a claim
B. Write a deductible
C. Submit a powerpoint presentation
D. Prepare a lease

Answers

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Answer: A, file a claim

Explanation:

I hope this helped!

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Answer:

A. file a claim

Explanation:

The answer is A. If you are on TeachBanzai because I did this a couple months ago and got 100%

A firm has EBIT of $375,000, interest expense of $75,000, preferred dividends of $6,000 and a tax rate of 40 percent. The firm's degree of financial leverage at a base EBIT level of $375,000 is

Answers

Answer: 1.29

Explanation:

The following can be deduced from the question:

EBIT = $375000

Interest expense = $75000

EBT = EBIT - Interest Expense

= $375000 - $75000

= $300000

Before tax preference dividend

= Preferred dividend / (1 - Tax rate)

= 6000 / (1 - 40%)

= 6000 / 60%

= 6000 / 0.6

= $10000

The firm's degree of financial leverage will then be:

= EBIT / (EBIT - Interest expense - Before tax preference dividend)

= 375000 / (375000 - 75000 - 10000)

= 375000 / 290000

= 1.29

Therefore, the firm's degree of financial leverage is 1.29.

Samuel needs to import information from Excel to an Access table, but he wants to ensure that if the source table is
changed, the information in Access will be updated automatically. What should he do?
O Create a new copy of the Excel spreadsheet and import it
O Create a linked copy of the Excel spreadsheet.
O Create a linked database and merge it with the Excel spreadsheet.
O Create a new database and import the Excel spreadsheet.

Answers

Answer:

B

Explanation:

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Which imaging procedure allows health professionals to look at images of internal body parts in a constant stream of images (similar to a movie)?A. X-rayB. Magnetic resonance imaging (MRI)C. Computed tomography (CT) scanD. Ultrasound The graphs below have the same shape. What is the equation of the redgraph?G(x)=?F(x) = x^3A. G(X) = x^3 - 1B. G(X) = (x - 1)^3C. G(X) = x^2 + 1D. G(x) = (x + 1)^3 Dear Mr. Chandler: The early bird catches the worm! Register at MyBirdWatch.com now and be one of our first 100 members. Read on to learn more about our exclusive offer. Recommendations for anime and video games(also if you need points)or write any data of any subjecte it her spanish or english(^^) Factor out thegreatest common factor.4x2 + 2x - 8 one Sunday, number of visitors of a zoo was 840. on Monday, the number of visitors is decreased to 420, by what percentage was it decreased ? Jefferson believed a large federal government was a threat to the new nation and wanted to limit the power and size of the federal government.A: TrueB: False Help plz I have time and I need to show work ,(2) . , , . . . ? . , , . .2. The two figures are similar. Solve for x/ plz I need help Which best describes the effectiveness of this strategy in recounting the story? It is ineffective because the reader is not able to understand who is involved in the racial conflict occurring between Phippsburg and Malaga. It is ineffective because the reader is not able to understand the reasons behind the racial conflict occurring between Phippsburg and Malaga. It is effective because the reader is able to better understand how young people are experiencing the racial conflict between Phippsburg and Malaga. It is effective because the reader is able to better understand what occurs as a result of the racial conflict between Phippsburg and Malaga. Which is longer, 2 feet or 18 inches? Please I need help give you brainlist rate you heart you lol I Which phrase best completes the table?Achievements of Postclassical ChinaCreated impressive art and potteryExpanded China's borders through conquest?A. Let citizens vote for their leadersB. Ended all trade along the Silk RoadC. Added Japan to its territoryD. Experienced huge population growth Calculate the volume of a 0.15 mol dm-3 Ba(OH)2 solution required to completely neutralize 45 cm3 of a 0.29 mol dm-3 HNO3 solution. Note: Ba(OH)2 + 2HNO3 --> Ba(NO3)2 + 2H2O The volume of a number cube is 27 cm2. What is the length of each side of the cube? PLEASE PLEAS HELP I REALLY NEED IT A small village along the Amazon River that relies on customs passed down from generation to generation, such as a small fishing village, most likely has this type of economic system? A. Market B. Command C. Mixed D. Traditional Katie wants to collect over 100 seashells. She already has 34 seashells in her collection. Each day, she finds12 more seashells on the beach, Katie can use fractions of days to find seashells.Write an inequality to determine the number of days, d, it will take Katie to collect over 100 seashells,Graph the solution set to this inequality.10 1 2345678910He Use the scenario to answer the following question. In 1946, the United States Supreme Court ruled in King v. Chapman that white primary systems in Georgia were unconstitutional. In the election of 1946, black voters were able to take part in the primary election for the first time since Reconstruction. Which of the following BEST connects the end of the white primary to the 1946 governor's race? O A. Ellis Arnall remained governor for a second term in order to protect the white primary. O B. Melvin Thompson became governor after Talmadge's death and promised to protect the white primary. C. Eugene Talmadge ran on a campaign to restore the white primary but died before he could take office. O D. Eugene Talmadge ran for governor promising to reinstate the white primary and died before he took office.