INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select
-A special tax provision reduced the social security portion for the individual taxpayer in 2011 and 2012 from [6.2% to 4.2% | 4.2% to 2.2%].

Question

Quizplus · Accepted Answer

The correct phrase is "6.2% to 4.2%". This reduction in the social security tax rate was in effect for the years 2011 and 2012 as a result of a tax provision enacted at that time. The correct percentage for the reduction is 2.0%. The phrase "4.2% to 2.2%" is incorrect and does not accurately describe the tax provision in question.

INSTRUCTIONS: Choose the Word or Phrase in [ ] Which