In order to curtail bracket creep,the tax Reform Act of 1986
A) lowered the tax rates.
B) reduced the number of brackets and widened the income levels in each bracket.
C) raised the lowest income levels that are subject to tax.
D) narrowed the income levels in each bracket and shorten each bracket.
E) removed the 5% surcharge on certain upper income levels.
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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Q81: For tax purposes,head of household refers to
A)the
Q83: _ income is subject to federal taxes.
A)Gross
B)Adjusted
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Q93: Which of the following is NOT one
Q97: _ income is gross income less tax
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Q98: _ is not withheld from your earnings
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