Which of the following elements of the federal income tax code are not indexed for inflation?

A. The standard deduction
B. The brackets
C. The personal exemption
D. All of these elements are indexed.


Answer: D

Economics

You might also like to view...

What is the accelerator theory of investment spending?

What will be an ideal response?

Economics

Normative statements

i. describe how the world is. ii. describe how the world ought to be. iii. depend on people's values and cannot be tested. A) ii only. B) i and iii. C) iii only. D) i only. E) ii and iii.

Economics

When the Fed attempts to increase real GDP and employment by ________ its target for the federal funds rate, it is conducting ________ monetary policy

A) raising; expansionary B) raising; contractionary C) lowering; expansionary D) lowering; contractionary

Economics

An example of a real-life rule that might constrain people's behavior is:

A. minimum wage legislation. B. having 24 hours in a day. C. the earth's limited supply of oil. D. All of these are examples of real-life rules.

Economics