Regarding income tax legislation,which of the following are true statements?
A) The federal income tax law was first outlined in 1900.
B) The biggest and most controversial modern tax legislation occurred in 1986.
C) The most current tax legislation was passed in 1997.
D) Recent tax legislation has greatly simplified the tax filing process.
E) All of the above are true statements.
Correct Answer:
Verified
Q65: The federal income tax is
A)integrative.
B)regressive.
C)progressive.
D)flat rate.
E)none of
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A) integrative.
B) federal
C) regressive.
D) flat
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A) 6.0%.
B)
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A)Gross
B)Adjusted
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