« previous next »

Author Question: Subtracting the interest on a mortgage from ones taxable income is an example of a(n) a. credit. ... (Read 12 times)

RRMR

  • Hero Member
  • *****
  • Posts: 557
on: Jul 9, 2018
Subtracting the interest on a mortgage from ones taxable income is an example of a(n)
 
  a. credit.
  b. deduction.
  c. exemption.
  d. security.
  e. withholding.

Question 2

The rate on ones last dollar of taxable income is called the
 
  a. tax bracket.
  b. internal tax.
  c. deduction.
  d. final tax exemption.
  e. marginal income tax rate.


Kimmy

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jul 9, 2018
Answer to Question 1

ANS: B

Answer to Question 2

ANS: E


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Race-Ethnicity and Income Extremes Race-Ethnicity and Income Extremes
How to calculate mortgage payments (Question 2 of 2) How to calculate mortgage payments (Question 2 of 2)
Regional Variation in Income and Access to the Sea Regional Variation in Income and Access to the Sea
Income Distribution in the United States, 2009 Income Distribution in the United States, 2009
Relationship between Income Inequality and the Desired Tax Rate Relationship between Income Inequality and the Desired Tax Rate
Philip wants to supplement his pension by $415 per month with income from his investments. His ... Philip wants to supplement his pension by $415 per month with income from his investments. His ...
Video: Virtual Tour of the Eye Animation

For a complete list of videos, visit our video library