A tax credit
A. is not the same as a tax deduction.
B. is another phrase for a tax deduction.
C. is never calculated on federal tax returns.
D. only applies to the EITC.
A. is not the same as a tax deduction.
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If the face value of a bond is $10,000,000, the coupon rate is 7%, and the inflation rate is 4%, then the annual coupon payment made to the holder of the bond is
A. $400,000. B. $700,000. C. $70,000. D. $300,000.
A bank with insufficient reserves can increase its reserves by
A) lending federal funds. B) calling in loans. C) buying short-term Treasury securities. D) buying municipal bonds.
The long-run supply curve of a perfectly competitive industry is horizontal
a. in an increasing-cost industry b. in a decreasing-cost industry c. if the short-run supply curves for firms are upward-sloping d. if the short-run market supply curve is negatively sloped e. in a constant-cost industry
In 2017, which group had the highest average salaries?
a. black women b. black men c. white women d. white men