Author Question: A flat tax plan with a standard deduction of 25,000 in income and a tax rate of 20 would require an ... (Read 91 times)

big1devin · **on:** Jun 30, 2018

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.