Exemptions are reductions of adjusted gross income that depend on
A) family structure (i.e. filing status) .
B) family size.
C) how money is spent (e.g. on state and local taxes or home mortgage interest) .
D) how much money is saved.
Correct Answer:
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Q4: The marginal tax rate is
A)the percentage of
Q5: If a single person has a standard
Q6: The amount a family can take in
Q7: If a household has a husband, wife
Q8: The earned income tax credit goes to
A)non-working
Q10: Personal income tax withholding is
A)voluntary.
B)involuntary.
C)designed to spread
Q11: In 2015, personal income taxes made up
Q12: If a household has a single woman
Q13: The filing status of a person who
Q14: Itemized deductions are reductions of adjusted gross
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