President Barack Obama’s 2008 campaign has been fined $ 375,000 by the Federal Election Commission for reporting violations related to a set of donations received during the final days of the campaign.
The fines are among the largest ever levied on a presidential campaign by the FEC and stem from a series of missing filings for nearly 1,200 contributions totaling nearly $ 1.9 million. Campaigns are required to file the reports during the final weeks of the campaign.
Obama campaign spokeswoman Katie Hogan said the 2008 campaign had more than 3 million donors and “the very few outstanding questions have now all been resolved.”
The fines were first reported by Politico.
Hello.
I have this question in my textbook, I think the answer in the back is wrong…what do you think?
The annual cost of running a rail system is $300m. The CEO of the rail system is promised a bonus of 0.15% of any saving that can be made to running the system. Calculate the bonus paid if the cost is reduced to $275m.
I get $37500, but the answer in the back is $375000. Any thoughts?