A flat tax plan with a standard deduction of 25,000 in income and ...

[big1devin]

A flat tax plan with a standard deduction of 25,000 in income and a tax rate of 20 would require an individual earning 100,000 to pay 15,000 in income taxes.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The Bretton Woods system required countries to actively buy and sell dollars to maintain fixed exchange rates when:
 a. a country experienced a severe bout of inflation.
  b. the free market equilibrium exchange rate differed from the fixed rate.
  c. a country experienced serious unemployment.
  d. the threat of recession began to spread from one country to another.
  e. worldwide trade began to deteriorate.

[Sammyo]

Answer to Question 1

True

Answer to Question 2

b

[big1devin]

TYSM

[xiaomengxian]

Excellent