Author Question: Which statement regarding income tax is most accurate? A) The federal income tax is levied in a ... (Read 82 times)

Wadzanai · **on:** Jul 9, 2018

Which statement regarding income tax is most accurate?

A) The federal income tax is levied in a manner proportional to income.
B) All income is taxed at the same rate.
C) Almost 30 percent of Americans pay no federal income tax at all.
D) Income tax is levied on most sources of income, including Social Security and Medicare.
E) The top 25 percent of all households pay more than 86 percent of all income taxes.

Question 2

In 1995 millions of Americans, both white and black, were hoping that ____, the retired Army general who had been chairman of the Joint Chiefs of Staff, would seek the 1996 presidential nomination.

A) Norman Schwartzkopf
B) Robert McNamara
C) William Campbell
D) Colin L. Powell
E) James Stone