Why is your filing status important?
A) Because it determines your tax bracket and therefore the amount you must pay; your tax bracket is determined by marital status,number of children,occupation,and other factors.
B) It helps determine your standard deductions.
C) It has no effect on your taxes.
D) A and B
Correct Answer:
Verified
Q18: What is a fee charged by the
Q19: Which of the following principles accurately describes
Q20: A fee levied directly on personal income
Q21: Why would you check the filing status
Q22: A taxpayer who chooses not to take
Q24: What is (are)considered adjustments to gross income?
A)Pension
Q25: What is gross income?
A)Wages,bonuses,tips,interest earnings,dividends,and gains from
Q26: What reduces your tax liability,dollar-for-dollar?
A)Deduction
B)Taxable income
C)Tax credit
D)Exemption
Q27: Which tax form is available for anyone
Q28: Define exemption.
A)It reduces your gross income.
B)It reduces
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