Exemptions are better off for the taxpayer than deductions _____
a. only in the case of housing-related tax preferences
b. when itemizing deductions
c. when taking the standard deduction
d. for high-income taxpayers
c
You might also like to view...
List and briefly describe the five factors of production
What will be an ideal response?
When government increases a fixed tax, consumption schedule
a. shifts downward in a parallel manner. b. shifts upward in a parallel manner. c. becomes horizontal. d. becomes vertical.
The components of the expenditure method to measure GDP include all of the following EXCEPT
A. net exports B. government purchases of goods and services C. changes in the stocks of inventories D. the implicit payments for unpaid household work
In the classical model, the aggregate supply curve is
A. a horizontal line. B. a vertical line. C. an upward sloping line. D. a combination of horizontal, upward sloping, and vertical lines.